Good Food Group A/S
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Good Food Group A/S - overview
Established
1951
Location
Vejle, -, Denmark
Primary Industry
Food
About
Good Food Group A/S specializes in providing high-quality food products and solutions for foodservice operators, focusing on local production and sustainability to enhance culinary experiences across diverse dining establishments. Founded in 1951 in Vejle, Denmark, Good Food Group A/S is dedicated to supplying food products designed for professional foodservice operations. The company underwent a significant change in ownership when, in November 2018, Maj Invest Equity acquired a 65% majority stake. This acquisition was completed in 2019.
The firm has managed a total of 1 deal, with the most recent deal date being November 30, 2018. Good Food Group A/S offers a broad range of food products tailored for contemporary culinary environments. Their product lineup includes whole grain products, beans, lentils, and oils aimed at creating flavorful and sustainable menus for various foodservice operations, including canteens, cafés, and take-away services. Emphasizing local production and adherence to high food safety standards, their customer base spans Denmark and international markets, providing innovative foodservice solutions.
In the most recent year, 2023, Good Food Group A/S reported a revenue of USD 232. 11 mn and an EBITDA of USD 8. 12 mn. The revenue model is primarily based on B2B transactions with foodservice operators, enhancing their menus with high-quality, sustainable food products.
Good Food Group A/S plans to utilize their recent funding from the acquisition by Maj Invest Equity to expand their product offerings and enter new markets. They are focusing on launching innovative products designed for health-conscious consumers while exploring expansion opportunities in European and North American markets by 2025. This strategic growth will leverage their existing capabilities and aim to enhance their presence in the foodservice sector.
Current Investors
Maj Invest
Primary Industry
Food
Sub Industries
Snack Foods, Canned/Frozen Fruit & Vegetables
Website
www.goodfoodgroup.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Good Food Group A/S - timeline of key events
Good Food Group A/S - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,178,509,000 | 1,185,405,000 | 1,353,180,000 | 1,332,253,000 | 1,286,986,000 | 1,292,013,000 | 1,284,235,000 | 1,466,022,000 | 1,199,472,000 | 1,221,585,000 | 1,269,188,000 | 1,355,871,000 | - | - | - |
| % Revenue Growth (YoY) | - | 0.6% | 14.2% | (1.5%) | (3.4%) | 0.4% | (0.6%) | 14.2% | (18.2%) | 1.8% | 3.9% | 6.8% | - | - | - |
| EBITDA (USD) | 85,277,000 | 56,111,000 | 63,549,000 | 65,954,000 | 62,400,000 | 79,056,000 | 98,192,000 | 93,365,000 | 72,258,000 | 69,453,000 | 41,602,000 | 53,813,000 | - | - | - |
| Operating Income (USD) | 55,258,000 | 26,223,000 | 28,558,000 | 31,369,000 | 26,762,000 | 43,792,000 | 61,197,000 | 48,795,000 | 34,013,000 | 37,955,000 | 6,777,000 | 6,872,000 | - | - | - |
| Operating Margin | 4.7% | 2.2% | 2.1% | 2.4% | 2.1% | 3.4% | 4.8% | 3.3% | 2.8% | 3.1% | 0.5% | 0.5% | - | - | - |
| % EBITDA Margin | 7.2% | 4.7% | 4.7% | 5.0% | 4.8% | 6.1% | 7.6% | 6.4% | 6.0% | 5.7% | 3.3% | 4.0% | - | - | - |
| NET Income (USD) | 39,820,000 | 9,319,000 | 25,522,000 | 21,902,000 | 13,688,000 | 32,784,000 | 43,376,000 | 35,272,000 | 9,006,000 | 18,192,000 | (3,503,000) | (4,979,000) | - | - | - |
| % Net Margin | 3.4% | 0.8% | 1.9% | 1.6% | 1.1% | 2.5% | 3.4% | 2.4% | 0.8% | 1.5% | (0.3%) | (0.4%) | - | - | - |
Good Food Group A/S - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Good Food Group A/S | - |
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Good Food Group A/S - employee data
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