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 by 32.4 percent while adjusted EBITDA grew by 72.2 percent compared to 2022.
– Picadeli has continued its growth journey in Europe and the American market. In the States, our presence has been strengthened by geographically expanding our network of salad bars from New York to Washington. In 2023, we established new and expanded partnerships with chains such as Albertsons, Schnucks, and Sodexo, which have enabled rapid growth in the USA, says David von Laskowski, CEO and Group CEO for Picadeli and Greenfood.
Approved sustainability goals and lower emissions
In 2023, Greenfood also took a significant step forward in its sustainability work when the Science Based Targets initiative (SBTi) approved the group's climate goals. Greenfood has committed to SBTi’s most ambitious goal: to limit global warming to 1.5 degrees.
– In 2023, emissions from our operations decreased by 44 percent compared to 2022, and 53 percent compared to the baseline year of 2021. This means we have already reached our target levels for Scopes 1 and 2, which is a result of an increased share of renewable energy in our production facilities, says David von Laskowski.
Greenfood Greenhouse – one of the most significant transformations in Greenfood's history
One of the most significant events for Greenfood during the year was the move into the Greenhouse, which is one of the most important investments and transformations since the company was founded in 1964. The Greenhouse facility houses the entire value chain: procurement operations, product development, processing, production, packaging, warehousing, and distribution. From a situation with several production units in Sweden and even more external warehouses, Greenfood is now consolidated into a primary location.
– Greenhouse technology and size create competitive advantages, as well as conditions for both innovation and expansion. The facility allows us to be more efficient, profitable, sustainable, deliver better products, and gain market share, says David von Laskowski.
För ytterligare information, kontakta:
Mattias Engberg, CFO, Greenfood AB (publ)
mattias.engberg@greenfood.se
About Greenfood
Greenfood is a leading European player creating healthy and sustainable food that is tasty, affordable, and easily accessible. From Picadeli’s self-service salads and ready-made meals to fruits and vegetables directly from farms spread across a large part of the world. Through our three business areas, Greenfood provides fresh, healthy, plant-based food at various stages of processing to customers in convenience and retail, as well as hotels, restaurants, and catering.
For 2023, Greenfood’s turnover amounted to SEK 5.7 billion and the Group operates in eight countries across Europe as well as in the US with headquarters in the historic heart of the business: Helsingborg, Sweden. Greenfood’s portfolio includes several strong brands, for example: Picadeli, Daily Greens, SallaCarte, Green Deli, and Ahlgood. Read more at www.greenfood.se.
Greenfood’s climate targets are approved by the Science Based Targets initiative, with a commitment to substantially reduce CO2 emissions.
