Picadeli Group posts 11.6% sales growth in first report under new name

Picadeli Group, formerly Greenfood AB, reported third-quarter 2026 net sales of SEK 927.1 million, an 11.6 percent increase from SEK 830.6 million a year earlier, excluding the divested Fresh Produce business. The company said adjusted EBITDA rose 15.1 percent to SEK 146.1 million. The figures appeared in the company's interim report published on November 11, 2026.

Picadeli's First Report Under New Name

The results are the first interim report published under the Picadeli Group name, which the company adopted from Greenfood AB. For the first nine months of 2026, net sales increased 9.7 percent to SEK 2,548.7 million from SEK 2,322.4 million, and adjusted EBITDA grew 19.2 percent to SEK 337.7 million from SEK 283.4 million.

Adjusted Cash EBITDA rose 16.4 percent to SEK 131.6 million from SEK 113.1 million. Leverage adjusted for capitalized leases fell to 2.7x from 3.9x, which the company attributed to organic EBITDA growth, strong operating cash flows and debt reduction from the Fresh Produce divestment.

Picadeli Group describes itself as an international food and technology group whose Picadeli brand operates more than 2,500 points of sale across ten European countries and 31 US states, serving over 70 million meals a year. The group runs three production facilities making fresh-cut products, food-to-go and meal solutions.

Fresh Produce Divestments Close

The divestment of the Nordic Fresh Produce business to Dole Nordic AB completed in July, as previously announced. At the end of September the group signed an agreement to sell Greenfood Export Iberica SLU, the last remaining Fresh Produce entity, to Vegepörssi Oy. That divestment completed in the beginning of October.

Picadeli's Company Background

Picadeli was founded in 2009 and is headquartered in Gothenburg, according to akta.pro company records. The same records list its headcount range at 101-250 and a valuation estimate of $100 million to $250 million. Its website market listing shows operations across six countries internationally: the US, France, Sweden, Finland, Germany and Belgium.

Picadeli's Expansion Before The Report

In September 2026, Picadeli said it had passed 350 salad bars in Finland, adding 100 new locations since October 2024, news.cision.com reported. In August 2026, American City Business Journals reported that Picadeli planned to open its first standalone retail location in Chicago the following month, having previously run salad bars in grocery stores and hospitals across the US.

What Comes Next For Picadeli

No further dated steps were stated in the report beyond the completed divestments and the quarterly results.