29.06.2023

Geia Food’s Group turnover for 2022 reaches DKK 2.7 billion in a year characterized by unforeseen and difficult market conditions due to a roaring inflation. The acquisitions of Food Partners World and Lauge Food Selection in the first half of 2022 positively contributed to the Group’s increasing turnover.

In 2022, Geia Food A/S recorded a profit after tax of DKK 40.4 million, which is a decrease of DKK 21.6 million compared to 2021. The total group turnover hit DKK 2,740 billion, an increase of DKK 340 million compared to the previous year and a growth of 14%.

“The price and cost volatility experienced by food manufacturers and retailers during 2022 has negatively affected Geia Food’s profitability for the year.” Claus Ravnsbo says.

With the recent acquisition of the Finnish company Topfoods in the beginning of 2023, Geia Food is expanding its footprint in the Nordics. Topfoods has an annual turnover of approximately EUR 30 million and a great reputation in Finland. The access to local purchasing, sales and product development competencies will create a fantastic foundation for the further expansion on the Finnish market.

For further information, please contact:
Claus Ravnsbo, Group CEO, Geia Food, tel. +45 29 99 18 21