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.
Greenfood AB (publ) announces a trading update on its financial performance for July, as well as August net sales for Picadeli.
Greenfood has released its interim report for the second quarter of 2024, delivering on strategic priorities with a 20.9% earnings growth.
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.
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.
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.
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.