Why Invest in NewPrinces

Our investment case

The NewPrinces Group is a leading Italian company in the food and beverage sector with a strong presence throughout Europe. With a turnover exceeding € 2.8 billion at the end of 2024, the Group stands as one of the leading players in the European agri-food sector, counting on an operational network of 31 plants spread across Italy, the UK, Germany, France, Poland and Mauritius. The NewPrinces Group operates in several product categories and its products are marketed through more than 30 proprietary brands, many of which are market leaders and known nationally and internationally.

The Group's significant role in the food sector is reinforced by its commitment to product innovation and sustainability, ensuring a prominent position in the market.

Below is the investment case and the main reasons for becoming a shareholder of NewPrinces Group.

The information presented is intended to provide an overview of key aspects of its business and should not be construed as an invitation to invest or a financial recommendation. Although NewPrinces S.p.A. (and, together with its subsidiaries, the “NewPrinces Group”) and its management strive to keep the information accurate and up-to-date, they disclaim any responsibility for decisions based on such information.

This document contains forward-looking statements that reflect the Group's current expectations and estimates regarding future events. Such forward-looking statements are subject to risks, uncertainties and other factors, many of which are beyond their control and could cause actual results to differ materially from those expressed or implied by the forward-looking statements.

Risk factors that could affect its results include, but are not limited to: changes in global economic conditions, changes in market conditions, currency fluctuations, changes in government regulations and policies, and changes in consumer preferences and market competitiveness.

Before making any investment decision, you are encouraged to consult a financial advisor to accurately assess the associated risks. The information presented herein is current as of the date of publication and the Group makes no commitment to update these statements as a result of new information or future events.

We hold leading positions in key markets such as the UK, Italy and Germany, and operate in more than 60 countries worldwide. Our diversified product portfolio enables us to respond promptly to both changing consumer demand and evolving market dynamics.

With established expertise in a wide range of categories, from pasta to beverages, from canned fish to specialised nutrition, we are able to adapt nimbly to the needs of global markets. Our proven expertise across high-potential categories — including pasta, beverages, canned fish, and specialised nutrition — enhances our agility and global relevance. This strategic diversification not only reinforces the resilience of our business model but also positions us to capitalise on growth opportunities and manage market volatility with confidence

With more than thirty key brands, we succeed in winning and maintaining the trust of consumers around the world. Innovation is a pillar of our brand strategy: we regularly introduce new products that respond to emerging trends, thereby strengthening our market presence and customer loyalty.

Napolina #1 in the ‘Italian’ segment in the UK

Batchelors #1 in canned peas in the UK

Birkel and 3Glocken #1 German pasta brands in Germany

Delverde #2 Italian pasta brand in Germany

Crostino Dorato #2 bread substitute brand in Italy

Centrale del Latte d'Italia #3 opearator in the dairy market in Italy

In our growth path, we are resolutely focusing on two key levers: organic growth and improved profitability. Since our IPO to date, we have embarked on a path of growth characterised by strategic rigour, industrial vision and financial discipline. We have demonstrated the ability to strengthen all key performance indicators year after year, confirming the solidity of our operating model.

The integration of complementary assets, optimisation of the product portfolio, organic growth in key markets and careful capital management have enabled us to create value consistently, even in complex market environments.

The results achieved are not the result of extemporaneous growth, but the reflection of a coherent and sustainable strategy, which has laid the foundations for continued strong growth in the years to come.

Revenues (€m) growth since IPO
EBITDA (€m) growth since IPO

From product development through production to marketing, we control every aspect of the value chain. This integration allows us to maintain high quality standards, reduce structural costs and increase our ability to adapt to new market trends, while maintaining a flexibility that is vital in such a dynamic industry. From a business point of view, we are able to cover different channels, ranging from the classic retail channel - where we are present through both proprietary and distributor brands - to contract manufacturing (‘B2B’) and the Ho.Re. Ca. channel, thus enabling us to have a capillary presence in the areas in which we operate.

We place operational excellence and technical know-how at the heart of our strategy. With 31 production facilities in Europe and Mauritius, we leverage advanced technologies and in-depth industry knowledge to guarantee the highest quality and quickly adapt our offering to the evolving needs of the modern consumer.

Our operating model is based on six pillars: 

  • Engineering excellence - Cutting-edge design solutions to drive efficiency and innovation.
  • Quality assurance - A proactive approach that goes beyond simple controls to deliver consistently high standards.
  • Cost leadership - Culture of accountability and continuous process improvement at every level.
  • Technology enablement - Integration of digital solutions to optimise performance and processes.
  • Lean deployment - Elimination of waste and people centricity for sustainable productivity.
  • Supply chain enhancement - Flexibility, resilience and readiness to adapt to market demands.

These principles guide the way we operate and represent a strategic lever to consolidate group leadership, maintain high levels of competitiveness and successfully meet the challenges of a constantly evolving market.

M&A represents one of the key levers of our strategy. Throughout our history, which began in 2004, we have demonstrated an extraordinary ability to identify, execute and integrate strategic acquisitions, which have broadened our portfolio, strengthened our competitive position and accelerated growth on an international scale.

To date, we have successfully completed 13 major transactions, each of which has brought added value in terms of industrial expertise, geographical presence and brand strength. Each acquisition was driven by a logic of complementarity and creation of synergies, with the aim of increasing efficiency, enhancing economies of scale and expanding our offering in high-potential segments.

Our M&A pipeline is active and selective: we only evaluate transactions that are consistent with our long-term vision, capable of generating sustainable returns and effective industrial integration. Our track record shows that we know how to integrate, transform and grow acquired businesses, creating value for both the group and its stakeholders.

An updated version of our growth story - and key completed deals - can be found in the attached slide.

Our financial strategy is founded on rigorous cost control, ongoing margin optimisation, and a disciplined operational approach that drives continuous improvements in industrial efficiency. Synergies of scale, an integrated supply chain and careful management of working capital underpin our ability to strengthen the group's competitiveness year after year.

This management discipline translates into solid cash generation, enabling us to sustain strategic investments, promote innovation and ensure long-term growth. Our ability to reinvest cash flows in a targeted manner is a key lever for creating lasting value for shareholders, while ensuring financial stability and continuous business development.

Underlying Free Cash Flow 2024: € 225 million

We are committed to reducing the environmental impact of our operations and improving the social well-being of the communities in which we operate. Our ESG strategy is integrated into our decision-making and day-to-day activities, reflecting our ambition to lead not only in the market, but also in environmental and social responsibility. Our water, energy, and carbon intensity metrics continue to decline, demonstrating tangible progress towards reducing our environmental footprint.

Guided by a leadership team led by our founding entrepreneur, we pursue a strategy centred on creating shared value. This forward-looking approach enables us to seize market opportunities and navigate the challenges of a rapidly evolving industry with confidence and agility.

At NewPrinces Group, we believe in our capacity to grow, innovate, and lead – consistently delivering sustainable value for all our stakeholders.

Over the past five years, NewPrinces Group has embarked on an exceptional growth journey. Following our IPO on 29 October 2019, we laid the groundwork for an ambitious expansion strategy aimed at surpassing €1 billion in revenue — a target we have significantly exceeded through a combination of strong organic growth and a focused acquisition strategy.

The 2024 integration of Princes Limited marked a pivotal milestone, significantly broadening our market presence and strengthening our portfolio. As a result, consolidated Group revenues have reached €2.8 billion.

market capitalisation from IPO to date

EBITDA growth from IPO to end 2024

revenue growth from IPO to end of 2024

Approximately

million

invested in M&A in 4 years

These outstanding results reflect not only the effectiveness of our corporate strategy, but also the resilience of our business model in the face of an ever-changing economic environment. With a clear vision for the future and an unwavering commitment to sustainable growth, NewPrinces Group remains a prominent leader in the food industry, ready to navigate future challenges with determination and innovation.

Learn more about our results

visit key figures >>

visit fact sheet >>

Our Financial Targets to 2030

1. Sustainable Growth and Innovation
We aim to achieve a consolidated turnover of €3.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 3%. This growth will be entirely organic and based on the current Group structure, without the need for additional investments. It will be driven by continuous product innovation and a growing contribution from both existing and new markets. In parallel, we are targeting an ambitious revenue goal of €5 billion, supported by further external growth opportunities.

2. Efficiency and Profitability
We project a substantial improvement in profitability, with adjusted EBITDA reaching approximately €320 million by 2030, up from a pro forma €177.6 million in 2024. This represents a margin increase of 355 basis points, achieving a 10% EBITDA margin. Key drivers of this improvement include synergies from the integration of Princes Limited, procurement cost efficiencies, increased operating leverage, and a more streamlined operational and corporate structure.

3. Financial Position and Cash Flows
 We expect a significant strengthening of our financial position, with a net debt/EBITDA ratio below 1x as early as 2026, and a positive net cash position by 2027. By 2030, we anticipate having around €1 billion in available cash. This strong cash generation will support accelerated deleveraging, fund future M&A activity, and enable substantial value creation for shareholders.

4. Return on Capital Employed (ROCE)
Our ROCE is projected to reach 27% by 2030, underscoring the efficiency of our operations and our ability to generate superior returns on invested capital. This robust return profile is expected to contribute to a significant re-rating of the Group relative to industry peers.

These targets reflect our commitment to stable growth, financial discipline, and continuous innovation, positioning NewPrinces Group as an industry leader well into the future. With a clear strategic vision and a solid financial foundation, we remain focused on delivering lasting value for all our stakeholders.

learn more about our sustainability goals >>