Univar Solutions Inc. UNVR has been appointed as the exclusive distributor of Eila lactose-free milk powders by Valio, Ltd. across a number of European countries.
Notably, the product range will enable food producers to offer new recipes that cater to the increasing consumer trend regarding lactose-free products.
The distribution deal enables Univar to cater to the needs of producers who are seeking an increasing quantity of lactose-free solutions. It is also expected to create opportunities in the food industry.
Eila PRO lactose-free milk powders are produced from fresh Finnish milk, utilizing Valio's proprietary technologies for an unchanged composition of milk minerals and a natural milk flavor.
Notably, Valio Eila lactose-free ingredients offer benefits such as helping in digestive comfort as well as providing nutritional value, protein enrichment and natural sugar reduction. Moreover, the ingredients offer an opportunity to lactose-intolerant individuals to enjoy dairy-based goods, without indigestion-induced adverse symptoms.
Per Univar’s management, Eila lactose-free ingredients will expand the company’s portfolio and increase value to clients who are looking for developing creative lactose-free recipes across various categories.
Univar’s shares have lost 29.6% over a year compared with a 17% decline recorded by its industry.
The company, on its first-quarter earnings call, withdrew its 2020 adjusted EBITDA guidance on the impacts of the coronavirus outbreak.
Moreover, it reduced its expected capital expenditure to $95-$115 million from $120-$130 million for 2020.
Univar Inc. Price and Consensus
Univar Inc. price-consensus-chart | Univar Inc. Quote
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the basic materials space are Agnico Eagle Mines Limited AEM, Equinox Gold Corp. EQX and Newmont Corporation NEM.
Agnico Eagle currently sports a Zacks Rank #1 (Strong Buy) and has a projected earnings growth rate of 75.3% for 2020. The company’s shares have gained 53.5% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Equinox Gold has a projected earnings growth rate of 65.5% for 2020. It currently carries a Zacks Rank #2 (Buy). The company’s shares have rallied 53.5% in a year.
Newmont has a projected earnings growth rate of 82.6% for the current year. The company’s shares have rallied around 86% in a year. It currently has a Zacks Rank #2.
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