FoodCorp (Chile) had a tremendous quarter with EBITDA at NOK 304m (previous all time high NOK 138m). The strong beat leads us to raise our equity valuation of FoodCorp to NOK 2.7bn (old NOK 1.3bn). FoodCorp has shown a steady strong development for many years and we deem it is fair to price up the value in our sum of the parts. The company is set to earn about NOK 500m EBITDA in 2026e. Beyond changes in FoodCorp we make no significant changes to our stub value, however it leads us to raise our A ....
