Greenfood's annual report for 2022 has been released and is now available on the group's website. Despite global economic headwinds, Greenfood has managed to grow its business. Sales increased by 21.2 percent and adjusted EBITDA increased by 35.4 percent compared to 2021. All business areas saw their revenue increase, but the largest growth was in Picadeli.
"With our foodtech company Picadeli, we have managed to create a scalable model with great growth potential. Picadeli's revenue is increasing by 53.3 percent and the result by 175.2 percent, clearly demonstrating our post-pandemic turnaround, and that our offering of healthy fast food is perfectly timed," says David von Laskowski, CEO of Greenfood Group.
Greenfood has also taken several important steps towards a more efficient operation. The group has consolidated several factories and warehouses for greater economies of scale. The Food Solutions business area was centralized in Helsinki, and Picadeli invested in a new Belgian logistics facility for streamlining and continued European expansion. In Sweden, Greenfood has continued the preparatory work of consolidating a large number of factories and warehouses under one roof, a 44,000 square meter facility called Greenfood Greenhouse.
"The move to Greenfood Greenhouse is approaching, and with it, we will have a customized, state-of-the-art, and environmentally efficient food and logistics center that will allow us to continue to grow in Europe, increase our volumes, and develop our product range," says David von Laskowski.
In 2022, Greenfood took several major steps towards achieving sustainability goals, particularly in reducing its carbon footprint. A comprehensive approach to climate and energy issues led to a record reduction in emissions - the climate impact per ton of food sold was 40 percent lower compared to the base year of 2020.
A summary of 2022: