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• Organto added eight new retail customers, including seven large-format retailers, expanding into Switzerland, Ukraine, and Spain.
• The Company is evaluating additional organic product categories to leverage its European retail platform and expand its customer base.
• Given today’s update, we are increasing our 2026E sales estimate from $95.0M to $113.8M, representing 89% YoY growth on top of the 190% in 2025E. As such, we are increasing our target price.
This morning, Organto Foods (OGO:TSXV, OGOFF:OTC) provided an operational update outlining continued commercial progress across its European fresh produce platform. Organto has secured eight new retail customers since its last update, including seven large-format retailers, representing a meaningful expansion of its addressable customer base and geographic reach. These additions extend Organto’s retail exposure into Switzerland, Ukraine, and Spain, further diversifying end markets and reducing customer concentration risk. As such, we are increasing our sales estimates for 2026 (now assuming $113.8M, +89% YoY), resulting in an increased target price. We are maintaining our BUY rating and increasing our target price to $1.25/share (prev. $1.00/share) on OGO.
Alongside new customer onboarding, Organto expanded its upstream supply base through the addition of six new growing partners across key sourcing regions. This is an important operational step for the Company, as incremental grower capacity supports higher throughput, improves supply redundancy, and enhances Organto’s ability to meet year-round volume and quality requirements from large European retailers.
Management also noted in today’s release that the Company is evaluating opportunities to introduce additional organic product categories into its existing European retail programs, as it seeks to capture additional market share within the European organic food market, and diversify from bananas. The Company cited European organic food retail sales of €54.7B in 2023, with the average per capita spending of €66 annually, led by markets such as Switzerland and Denmark, and a market projected to approach €132B by 2033.
OGO: Increasing Target Price on Improved Sales Growth
What you need to know:• Organto added eight new retail customers, including seven large-format retailers, expanding into Switzerland, Ukraine, and Spain.
• The Company is evaluating additional organic product categories to leverage its European retail platform and expand its customer base.
• Given today’s update, we are increasing our 2026E sales estimate from $95.0M to $113.8M, representing 89% YoY growth on top of the 190% in 2025E. As such, we are increasing our target price.
This morning, Organto Foods (OGO:TSXV, OGOFF:OTC) provided an operational update outlining continued commercial progress across its European fresh produce platform. Organto has secured eight new retail customers since its last update, including seven large-format retailers, representing a meaningful expansion of its addressable customer base and geographic reach. These additions extend Organto’s retail exposure into Switzerland, Ukraine, and Spain, further diversifying end markets and reducing customer concentration risk. As such, we are increasing our sales estimates for 2026 (now assuming $113.8M, +89% YoY), resulting in an increased target price. We are maintaining our BUY rating and increasing our target price to $1.25/share (prev. $1.00/share) on OGO.
Alongside new customer onboarding, Organto expanded its upstream supply base through the addition of six new growing partners across key sourcing regions. This is an important operational step for the Company, as incremental grower capacity supports higher throughput, improves supply redundancy, and enhances Organto’s ability to meet year-round volume and quality requirements from large European retailers.
Management also noted in today’s release that the Company is evaluating opportunities to introduce additional organic product categories into its existing European retail programs, as it seeks to capture additional market share within the European organic food market, and diversify from bananas. The Company cited European organic food retail sales of €54.7B in 2023, with the average per capita spending of €66 annually, led by markets such as Switzerland and Denmark, and a market projected to approach €132B by 2033.
Underlying
Organto Foods Inc
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Nicholas Cortellucci, CFA
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