Group’s annual report shows improved profitability, stable growth and a strengthened financial position in 2025
Sweden’s Greenfood has released its 2025 annual and sustainability report. It shows net sales of SEK5.7966bn (€534.7mn), up 2.7 per cent on the previous year. Adjusted EBITDA increased by 20.3 per cent to SEK461.1mn (€42.5mn).
“Picadeli continued to reinforce its position in existing markets. Growth was driven by new establishments, greater penetration in existing store networks and a broader food service offering,” the company said.
Picadeli’s net sales increased by 11.4 per cent to SEK 2.1129bn (€194.9mn), driven by more active units and a positive trend in sales per salad bar. Adjusted EBITDA increased by 20.2 per cent to SEK262.6mn (€24.2mn). The company said Picadeli’s performance “confirms the scalability of the business model, combining larger volumes with efficient operations and enhanced cost control”.
Food Solutions sales grew 6.5 per cent to SEK1.3629bn (€125.7mn). Earnings improved through high-capacity utilisation at the Greenhouse facility in Helsingborg, a stronger product mix and continued expansion in Denmark and Finland.
In 2025, net sales in Fresh Produce amounted to SEK2.9068bn (€268.1mn), falling 2.7 per cent compared to the previous year. Greenfood said the decline was mainly the result of continued caution in the market and prioritisation of business with stable and sustainable margins. At the same time, adjusted EBITDA increased to SEK106.1mn (€9.8mn), corresponding to a margin of 3.6 per cent.
Reporting on its sustainability progress, Greenfood said it had taken several important steps that demonstrate how this is being put into practice across the group, spanning logistics, purchasing, range and innovation, with a distinct focus on quality, delivery reliability and market demand.
Selected deliveries were shifted to fossil-free rail transport, reducing emissions by 98 per cent compared with diesel truck transport. Greenfood also continued to reduce food waste through improved forecasting, innovation and broader recovery flows, while growing demand for Picadeli in company canteens highlighted increasing interest in healthy and sustainable meal solutions.
