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The approval is a significant milestone in our journey towards an even more sustainable Greenfood. Together with our customers and suppliers, we aim for significantly lower CO2 emissions, thereby offering our customers and consumers even better opportunities to consume sustainable food.
Lisa Isakson, Head of Sustainability at Greenfood Group.
This year, we have truly confirmed the scalability of Picadeli's model. Profitability accelerates as the number of salad bars and sales volume per salad bar increases
David von Laskowski, CEO of Greenfood Group and Picadeli.
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Fossil-free fuel in the tank – Salico and SydLog in a new transport partnership

Through a collaboration with SydLog AB, Salico has replaced fossil fuels in its transport operations with HV100, achieving nearly completely fossil-free outbound logistics within Sweden, without any increase in cost. For customers, this new partnership means better value in incoming goods and a significant reduction in CO₂ emissions in the supply chain.Since 1989, Salico has delivered ready-cut salads, fruits, and vegetables to the Scandinavian market. As part of Greenfood, one of the Nordic region's leading companies in healthy food, Salico shares the group’s ambitious sustainability goals,

Greenfood and Norwegian company Engrosfrukt enter partnership agreement

Greenfood expands its business in Norway. The food group's subsidiary, Ewerman, has now signed an agreement with Norway's Engrosfrukt for the supply of fruits and vegetables. Under the agreement, Ewerman will begin deliveries starting January 1, 2025. The contract spans five years and is expected to gradually grow to a value of nearly SEK 200 million per year.Greenfood is one of Northern Europe's largest players in sustainable and healthy food. The group has grown significantly in recent years and continues to experience increased demand as more people choose fruits and vegetables as a

Greenfood’s Interim report third quarter 2024

In the third quarter, Greenfood saw tangible results from its efforts to build a stronger, more profitable business.· Net sales for the quarter totaled SEK 1,413.4 million (1,381.4), an increase of 2.3 percent, driven by 16.3 percent growth in Picadeli and 7.2 percent growth in Food Solutions with Fresh Produce down -6.6 percent. · Adjusted EBITDA of SEK 130.2 million (106.8) increased by SEK 23.4 million or 21.9 percent driven by improvements in all three business areas, both in EBITDA %-margins and absolute figures. · Operating profit amounted to SEK 70.3 million (20.4), with

Greenfood AB (publ) gives notice that the condition for early total redemption of its outstanding notes 2021/2025 has been satisfied

Greenfood AB (publ) (the "Company") confirms that the condition contained in the conditional notice of early redemption given on 4 November 2024 to the holders of its up to SEK 1,300,000,000 senior secured sustainability-linked floating rate notes 2021/2025 with ISIN SE0017072457 issued by the Company (the "Notes") with a redemption date on 22 November 2024 has been satisfied.In the conditional notice of early redemption dated 4 November 2024 from the Company to the holders of the Notes (the "Conditional Notice of Early Redemption"), the Company notified the holders of the Notes that it

Greenfood AB (publ) gives notice for conditional early redemption of its notes 2021/2025

Greenfood AB (publ) (the "Company") today informed the holders of its up to SEK 1,300,000,000 senior secured sustainability-linked floating rate notes 2021/2025 with ISIN SE0017072457 issued by the Company (the "Notes") of its intention to redeem the Notes early, conditional upon the successful issuance of new senior secured sustainability-linked floating rate notes.Today, 4 November 2024, the Company has sent a conditional notice for early redemption (the “Notice”) to each person registered in the debt register (Sw. skuldbok) with respect to the Notes on the Record Date (as defined below).

Picadeli reaches new heights with 250 salad bars across Finland

With the demand for healthy fast-food at an all-time high, Picadeli is celebrating a major milestone: over 250 salad bars now open in Finland. This achievement makes Picadeli the second largest fast-food chain in the country by number of outlets, surpassing most burger chains, pizza places, and sandwich shops. This year alone, Picadeli has added 50 new salad bars – more than one per week.Picadeli – and their green bowls – have become a familiar sight in cities. Founded in 2009, the pioneering concept was introduced to Finland in 2013, quickly becoming a popular lunch option for health-

Greenfood AB (publ) successfully prices new senior secured sustainability-linked notes

Greenfood AB (publ) (the “Issuer”) has successfully priced senior secured sustainability-linked floating rate notes of SEK 1,100,000,000 under a SEK 1,300,000,000 framework with a tenor of four (4) years (the “New Notes”).The New Notes have a floating rate coupon of 3 months STIBOR + 7.00 per cent per annum and final maturity in November 2028. The Issuer intends to apply for listing of the New Notes on the sustainable bond list of Nasdaq Stockholm. The proceeds will be used to refinance the Issuer’s SEK 1,050,000,000 senior secured sustainability-linked floating rate notes with maturity

Greenfood AB (publ) contemplates issuance of new senior secured sustainability-linked notes

Greenfood AB (publ) (the “Company”) has mandated Pareto Securities AS as sole bookrunner to arrange a series of fixed income investor meetings starting on 11 October 2024 to explore the possibility of issuing new senior secured sustainability-linked notes in an aggregate amount of SEK 1,100,000,000 and a tenor of four years (the “New Notes”).Contemplated Issue of New NotesToday, 11 October 2024, the Company announces that it has mandated Pareto Securities AS as sole bookrunner to explore the possibility of issuing New Notes, subject to prevailing market conditions. The proceeds from the

Greenfood and Dagab strengthen collaboration in fresh-cut

Demand for convenient, everyday solutions continues to grow. To help consumers incorporate more greens into their diets, Greenfood and Dagab are expanding their partnership. As of January 16, 2025, Greenfood will become the primary supplier, delivering larger volumes of fresh-cut products to Dagab. This includes processed fruits and vegetables such as baby leaves in various mixes.Greenfood is one of Northern Europe’s leading players in sustainable and healthy foods. The company has experienced significant growth in recent years and continues to see rising demand as more people adopt plant-

Greenfood AB (publ) publishes trading update

Greenfood AB (publ) announces a trading update on its financial performance for July, as well as August net sales for Picadeli.LTM adjusted EBITDA for the Greenfood Group reached an all-time high at SEK 363 million by the end of July. The Greenfood Group reports a slight decline in overall net sales of 2%, from SEK 3,411 million to SEK 3,331 million for the seven months ending 31 July 2024. However, the group achieved a significant increase in profitability, with adjusted EBITDA increasing by 30%, to SEK 225 million compared to SEK 173 million for the same period in 2023. The Picadeli

Greenfood’s Interim report second quarter 2024

Greenfood has released its interim report for the second quarter of 2024, delivering on strategic priorities with a 20.9% earnings growth.· Net sales for the quarter totaled SEK 1,525.6 million (1,524.4), a marginal increase of 0.1 percent, with Fresh Produce down -7.1 percent due to low business activity in food service and consumers trading down to more affordable options. Picadeli and Food Solutions maintained expected momentum, growing by 10.0 and 7.3 percent, respectively.  · Adjusted EBITDA of SEK 120.0 million (99.3) was significantly better than Q2 2023. The increase of SEK 20.

Picadeli excels in the Finnish market with rapid growth in food-to-go sales

Picadeli has achieved considerable success in the Finnish market in a short period. Since its launch in May 2023, the salad pioneer’s food-to-go range, which includes wraps, ready-made salads, and sandwiches, has been warmly received by Finnish consumers. Sales have surged from a few hundred units per week to nearly 25,000 wraps, 10,000 sandwiches, and 3,000 ready-made salads per week. Today, Picadeli is the market leader in the wrap category, with the range available at over 1,500 locations across Finland.Picadeli introduced its salad bars to the Finnish market in 2013, quickly becoming a

The EU's fruit scheme will be introduced in Sweden's schools starting in autumn 2025.

Starting from the academic year 2025/2026, Sweden plans to accept fruit support, the EU funding that entails Swedish schoolchildren receiving EU-financed fruit in school."The proposal for school fruit support includes several key points, the most gratifying of which is that it reduces administrative complexity - and thereby provides more fruit to Sweden's schoolchildren," says David von Laskowski, CEO of Picadelis and Greenfood.Recently, the Swedish Board of Agriculture presented its proposal on how to overcome the obstacles that have stubbornly led Sweden to decline fruit support for

Picadeli reaches a new milestone in Germany – 250 Salad bars have now been established

Picadeli continues its expansion across Europe, now present in 250 stores in Germany."Germany represents enormous potential. Not only is it one of the world's largest economies, but it is also the most populous country in Europe. Additionally, Germans are conscious consumers who prioritize health and sustainability, aligning perfectly with our salad concept," says David von Laskowski, CEO and Group President of Picadeli and Greenfood.Greenfood, one of Europe's largest food groups focusing on healthy and sustainable food, reported a turnover of SEK 5.7 billion in 2023. The group has seen

New innovative fermentation project brings new hope for the future of sustainable food

Bacteria that turn waste and leftovers into edible raw materials in completely new products - does it sound too good to be true? Not necessarily. Swedish food giant Greenfood and biotech company Tekinn have teamed up in a foodtech collaboration to give unutilized food a valuable new life through fermentation. The innovation project is part of the Circular Development Hub, funded by the EU and Region Skåne.In 2021, Greenfood, one of Europe's biggest players in healthy food, took a drastic decision - waste should be halved, and all raw materials should stay as high in the value chain as

Greenfood’s Interim report first quarter 2024

· Net sales for the quarter totaled SEK 1,345.9 million (1,450.1) a decrease of -7.2 percent, with Fresh Produce down -16.6 percent due to low business activity in food service, a surplus of produce, and consumers trading down to more affordable options. Picadeli maintained expected momentum growing with 12.5 percent, while Food Solutions was materially stable year-on-year. · Adjusted EBITDA with SEK 61.6 million (42.4) was significantly better compared to Q1 2023. Out of the increase of SEK 19.2 million, Picadeli accounted for SEK 12.6 million and Food Solutions for SEK 7.6 million. The

Kaisa Malmberg new CEO of Greenfood-owned Satotukku

Kaisa Malmberg steps in as the new CEO of Satotukku Oy, part of the Greenfood Group. She comes most recently from the role of Commercial Director at Satotukku and takes over from Tomi Hakkarainen, who has been CEO of the leading Finnish fruit and vegetable company since 1998. Kaisa will begin her new position on June 1.Satotukku is Finland's largest privately-owned fruit and vegetable wholesaler and has been on the Finnish market for almost 60 years. Kaisa Malmberg started working at Satotukku in 2015, and her journey from buyer to CEO has included roles as purchasing manager and, most

Greenfood appoints Martin Asp as new CFO

Greenfood announces the appointment of Martin Asp as the new Chief Financial Officer. He will succeed Mattias Engberg, who has decided to move on after a successful decade with the company. Martin Asp, with extensive international experience, will join Greenfood’s executive team and is set to assume his new role on 5 August 2024.Martin Asp joins from his previous role as CFO of EF Education First, the world's largest private educational organization. He brings a wealth of international experience from senior positions in the FMCG sector, as well as travel and higher education. “Martin

Greenfood publishes annual report for 2023

Greenfood's annual report for 2023 has been released and is now available on the group's website. Despite a turbulent macroeconomic environment, in 2023, Greenfood delivered its highest sales and earnings ever. The group's total net sales for the fiscal year 2023 amounted to SEK 5,687.2 million, an increase of 8.6 percent compared to 2022. Adjusted EBITDA rose to SEK 311.4 million — a 42.2 percent increase.Picadeli was largely responsible for the surge in sales and earnings, achieving robust performance both domestically in Sweden and on the international stage. Picadeli's revenue increased

Picadeli strikes new deal to boost U.S. market presence

Picadeli's expansion into the American market continues. With a new agreement with Weis Markets, Picadeli will open salad bars in the chain's stores in a dozen cities in the Northeastern USA over the coming weeks. This move solidifies owner Greenfood's presence in the U.S. food landscape.Weis Markets, which operates nearly 200 stores, joins a group of major grocery chains offering Picadeli in the American market, including Albertsons, Schnucks, Sodexo, Compass, and Coborn's. The new agreement with Weis means that Picadeli's innovative concept, where customers can assemble a healthy and

Greenfood reports record decrease in CO2e emissions for 2023

2023 was a record year for Greenfood. The group has reduced greenhouse gas emissions (Scope 1 and 2) per ton of food sold by a significant 60.2 percent (baseline year 2020), thus aligning with the group's ambitious reduction targets for 2025.In 2021, Greenfood issued a sustainability-linked bond tied to the goals in Greenfood's sustainability framework. One of the goals is to reduce emissions in its operations (Scope 1 and Scope 2) by 55 percent per ton of food sold by 2025. As Greenfood releases its annual summary and Q4 report, it is clear that the group reports a significant decrease

Picadeli expands presence in the US through new partnership with Coborn’s

Greenfood is continuing its rapid expansion of the Picadeli salad bar brand in the USA. A new agreement with the food conglomerate Coborn’s means that Picadeli’s AI-driven salad bars will be established in several Coborn’s stores in the American Midwest.Greenfood, one of Europe’s major food groups focusing on healthy and sustainable food, has nearly 1200 employees across seven countries and generated SEK 5.7 billion in revenue in 2023. The company has seen significant success with its tech subsidiary, Picadeli, which now operates in both the American and European markets. The launch of

Picadeli named fourth Best Workplace in Finland for 2024 by Great Place to Work

Great Place to Work has recently announced its list of Finland's best workplaces for 2024, placing Picadeli in the fourth position. This recognition showcases Picadeli's commitment to creating a positive work environment that values excellence, innovation, and teamwork.Great Place to Work, known for its comprehensive research on workplace culture, conducts surveys with 19.8 million employees across more than 10,000 organizations in 106 countries each year. The designation of Best Workplace is based on direct feedback from employees, highlighting the importance Picadeli places on trust,

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