Fuud publishes Annual Report for 2021

STOCKHOLM, May 24, 2022 13.00 CET

FUUD AB (publ) has today published the Annual Report for 2021 on the company website www.fuudunited.com.

Peter Blom, CEO Fuud AB comments:

- 2021 has been an intense year. We have completed and integrated a number of acquisitions, launched new brands, secured several important central listings, recruited key people, established an organization in the rest of the Nordic region and laid a very good foundation for our continued journey in 2022. Proforma 2021 shows a gross margin of 53% which stands strong in the market we are in. 2021 was an intense year and we have invested to secure the conditions we need for our continued growth journey. In 2022, we will increase the pace through both organic growth and further acquisitions - and we look forward to continuing to deliver good development for our shareholders.

For more information, please contact:

Peter Blom, CEO

E-mail: peter.blom@fuudunited.com

Telephone: 070-655 56 98

About the Fuud Group

With the vision of being the Nordic market leader in 2025, Fuud brings together a number of exciting Swedish brands within Functional Foods under one roof, in order to jointly challenge the existing players in one of the food industry's fastest growing categories.

Fuud is growing through a combination of organic growth and acquisitions with a strong focus on high-quality content, exciting innovations and attractive design. Fuud's goal is to offer new and better alternatives than those already on the market, and at the same time contribute to both better health and increased quality of life for the Nordic population.

With a naturally built-in forward-thinking spirit, a strong and motivated sales force and a number of experienced key players in management and the board, Fuud has created a balance between muscle, drive and experience. The Fuud Group currently has the following brands: iQ Fuel, Homie, Beijing8, Juica, Juice Culture, Bacoccoli, Frill, Nathalie’s, Barfly, Bezzt of Nature and Legendz.

The company is based in Stockholm and is listed on the Nasdaq First North Growth Market, short name Fuud. FNCA Sweden AB is the company's Certified Adviser. Tel. +46 (0) 8 528 00 399, email info@fnca.se.