Nordic Pacific Foods AB
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Nordic Pacific Foods AB - overview
Established
2016
Location
Sweden, -, Sweden
Primary Industry
Food
About
Nordic Pacific Foods AB produces New Zealand-style meat pies, known as 'Damned Good Pies. ' Founded in 2016 in Sweden, the company has not undergone any known pivots in its business strategy. The founder, whose previous entrepreneurial history is not specified, has been integral to establishing this venture. The company operates primarily in Sweden and was involved in a funding round in October 2022, marking its only recorded deal.
In October 2022, Nordic Pacific Foods AB raised an undisclosed amount of venture funding from new investor Sormlandsfonden. Individual and other unspecified investors also participated in the round. NZ Pies specializes in the production and distribution of authentic New Zealand-style meat pies, referred to as 'Damned Good Pies. ' These hand-held pastries are crafted with flaky pastry and filled with hearty combinations of meats and vegetables, distinguishing them from traditional Swedish pies.
The company officially launched its products in Sweden in 2017, driven by the founder's nostalgia for New Zealand cuisine. The primary customer base includes consumers seeking convenient, high-quality meals available in refrigerated sections of major grocery chains across Sweden. NZ Pies actively serves a diverse demographic, including festival-goers and sports event attendees, catering to those looking for a quick and satisfying food option while on the move. The revenue structure of NZ Pies is primarily driven by sales through retailers and grocery chains that carry their refrigerated products.
Customers purchase the pies directly from these outlets, which source them through established partnerships with the company. Transaction volumes are influenced by the popularity of the pies at events and within retail environments, with a focus on increasing market penetration across Sweden. The company emphasizes building relationships with retailers, encouraging them to carry the product line, thereby enhancing visibility and accessibility for customers.
Current Investors
Sormlandsfonden
Primary Industry
Food
Sub Industries
Bakery Products
Website
www.nzpies.se/
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Nordic Pacific Foods AB - financials
| Fiscal Year Ended | Feb 29, 2020 | Feb 28, 2021 | Feb 28, 2022 | Feb 28, 2023 | Feb 29, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 2,517,224 | 2,664,699 | - | - | - |
| % Revenue Growth (YoY) | - | 5.9% | - | - | - |
| EBITDA (USD) | (423,001) | (95,652) | - | - | - |
| Operating Income (USD) | (579,753) | (262,276) | - | - | - |
| Operating Margin | (23.0%) | (9.8%) | - | - | - |
| % EBITDA Margin | (16.8%) | (3.6%) | - | - | - |
| NET Income (USD) | (649,034) | (336,301) | - | - | - |
| % Net Margin | (25.8%) | (12.6%) | - | - | - |

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