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Just months after celebrating 250 salad bars in Germany, Picadeli has reached a milestone of 300 locations. This lightning-fast expansion highlights the company’s successful strategy and the growing demand for healthy and sustainable food concepts in Europe’s largest economy.

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.

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.

In the third quarter, Greenfood saw tangible results from its efforts to build a stronger, more profitable business.

Since 2023, Greenfood has collaborated with Tekinn to explore how fermentation can convert fibrous and woody vegetable parts into nutrient-rich raw materials. The project has now received approval to continue investigating the technology's potential with support from Sweden's innovation agency Vinnova. This funding enables the transformation of 400 tons of cabbage waste into edible products, potentially reshaping the future of food systems and their waste flow.

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.

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.

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.

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”).

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”).

Greenfood Group's new solar power plant in Helsingborg is now up and running. In collaboration with Öresundskraft and Soltech, 3.8 MW of solar panels have been installed, providing an annual output of approximately 3.5 million kWh.

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.