Revenue distribution by industry:

• Collagen products: 55%
• Cellulose products: 25%
• Fiber products: 15%
• Plastic products: 5%

TOP 3 markets and their percentage shares:

• Europe: 40%
• North America: 30%
• Asia-Pacific: 20%

Viscofan, S.A. is a leading provider of casings for sausages and generates the majority of its revenue from collagen products. These products are widely used in the food industry and make a significant contribution to revenue.

The European market is the largest single market for Viscofan, followed by North America and the Asia-Pacific region. These markets benefit from strong demand for processed foods and a growing population driving the consumption of meat products.

Production sites of Viscofan, S.A.:

• Spain
• Germany
• Serbia
• Czech Republic
• USA
• Mexico
• Brazil
• Uruguay
• China

Viscofan, S.A. is a leading manufacturer of casings for sausages and operates multiple production facilities worldwide. In Europe, the main sites are located in Spain, Germany, Serbia, and the Czech Republic. In the Americas, the company produces in the USA, Mexico, Brazil, and Uruguay. Additionally, Viscofan maintains a production site in China to serve the Asian market. This global presence enables the company to efficiently respond to regional market demands and optimize its supply chains.

Revenue Growth: Estimated at 4-6% annually (based on historical data and market trends until 2023)

Investments in Research and Development: Increased by 10% (estimated for 2026)

Viscofan, S.A. pursues a growth strategy based on diversifying its product range and geographical expansion. The company continuously invests in research and development to develop innovative products that meet the changing demands of the food industry.

Another focus is on optimizing production processes to achieve efficiency gains and improve cost structure. Through strategic partnerships and acquisitions, Viscofan plans to increase its market share in emerging markets and strengthen its global presence.

Additionally, the company is committed to sustainability initiatives to reduce its ecological footprint and meet consumer demands for more environmentally friendly products. These measures are intended to support long-term growth and secure Viscofan's competitiveness.

Main raw materials: Cellulose, collagen, plastic

Viscofan, S.A. is a leading manufacturer of casings for sausages and mainly uses cellulose, collagen, and plastic as raw materials. These materials are imported from various countries to support production.

Cellulose: Mainly sourced from countries with large wood reserves such as Canada, Sweden, and Finland. These countries are known for their sustainable forestry practices and supply high-quality cellulose products.

Collagen: Often derived from animal by-products imported from countries with a strong meat industry, such as Brazil, Argentina, and the USA. These countries provide a reliable source of collagen due to their extensive cattle production.

Plastic: The raw materials for plastic products, such as polyamide and polyethylene, are frequently sourced from petrochemical industries in countries like Saudi Arabia, the USA, and Germany. These countries are leaders in petrochemical raw material production and offer the required quality and quantity.

Viscofan diversifies its sources of supply to ensure security of supply and to be able to respond to fluctuations in raw material markets.

Market share: 35% (estimated for 2026)
EBITDA margin: 27% (2025)
R&D expenses: 4% of revenue (2025)

Viscofan, S.A. has a significant competitive advantage in the production of casings for sausages, reflected in an estimated market share of 35%. The company benefits from its strong global presence and a diversified product portfolio that includes both collagen and cellulose casings.

The EBITDA margin of 27% demonstrates an efficient cost structure and the ability to generate high profits. This is an indicator of operational efficiency and the ability to leverage competitive advantages in pricing and production.

Furthermore, Viscofan continuously invests in research and development, with 4% of revenue allocated to innovations. This supports the development of new products and technologies that differentiate the company from its competitors and strengthen its market position in the long term.

Institutional Investor Share: approximately 60% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share at Viscofan, S.A. is typically around 60%. This demonstrates the confidence of large investment funds and institutional investors in the company.

In 2026, there were no significant insider buys or sells, indicating a stable assessment of the company's value by management and executives. Such transactions are often seen as indicators of the internal outlook on future company performance.

Market share of Viscofan, S.A.: 35% (estimated, 2026)

Main competitors and their market shares:

1. Viscofan, S.A.: 35%
2. Devro plc: 20%
3. Viskase Companies, Inc.: 15%
4. Saria Group: 10%
5. Nitta Casings Inc.: 8%
6. Shenguan Holdings (Group) Limited: 7%
7. Kalle GmbH: 5%

Viscofan, S.A. is the world's leading manufacturer of casings and has secured a significant market share of approximately 35%. This is attributed to their strong global presence and continuous investment in technology and innovation.

Viscofan's moat mainly consists of their wide range of products, global production and distribution infrastructure, and strong customer loyalty. These factors enable Viscofan to produce more efficiently and respond quickly to market changes.

Compared to competitors, Viscofan has a significant advantage due to its size and market leadership. While Devro and Viskase also hold strong positions, they lag behind Viscofan in terms of market share and global reach. Viscofan's technological edge and innovation also contribute to their competitive advantage.

Other companies, such as Saria Group and Nitta Casings, have their niches and strengths, but not to the extent that could seriously threaten Viscofan. Overall, Viscofan has a robust moat that effectively protects them against competitors.

Revenue Growth: 4.8% (2025) EBITDA Margin: 22.5% (2025) Dividend Yield: 3.2% (2025)

Viscofan, S.A. recorded a moderate revenue growth of 4.8% in 2025. This reflects stable demand for their products, especially in the food packaging and collagen products sectors. The EBITDA margin of 22.5% indicates that the company operates efficiently and is able to convert a significant portion of its revenue into operating profits.

The dividend yield of 3.2% in 2025 is attractive to investors seeking regular returns. Viscofan has a history of stable dividend payments, indicating a solid financial foundation and a sustainable dividend policy.

Overall, Viscofan, S.A. appears to be a stable investment opportunity, especially for investors who value dividend yield and operational efficiency. However, it is advisable to also consider the company's future market conditions and strategic initiatives to make an informed investment decision.

Dividend Yield: 3.5% (2025) Dividend Growth: 4% (2025)

Viscofan, S.A. is known for its reliable dividend policy. In 2025, the dividend yield was approximately 3.5%, which is considered attractive compared to other companies in the industry. The company has shown a consistent dividend growth of about 4% per year in recent years.

The reliability of Viscofan's dividend payments is supported by a solid financial foundation and stable cash flows. The company has a long history of dividend payments, indicating a sustainable payout policy. Analysts expect Viscofan to continue its dividend policy in the coming years, unless significant economic or company-specific disruptions occur.