Greenfood’s Interim report third quarter 2024

Cision Publicerad: I förrgår 08:00

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

Net sales for the quarter totaled SEK 1,413.4 million (1,381.4), an increase of 2.3 percent, driven by 16.3 percent growth in Picadeli and 7.2 percent growth in Food Solutions with Fresh Produce down -6.6 percent.
Adjusted EBITDA of SEK 130.2 million (106.8) increased by SEK 23.4 million or 21.9 percent driven by improvements in all three business areas, both in EBITDA %-margins and absolute figures.
Operating profit amounted to SEK 70.3 million (20.4), with improved margins and positive results in all three business areas.
Group net result amounted to SEK -2.9 million (-46.9) mirroring the sales increase and margin improvements, partially offset by higher interest expenses year-on-year.
Cash flow from operations reached SEK 26.9 million (-40.1). At quarter’s end, the Group’s available liquidity amounted to SEK 148,2 million, in line with management's expectations.