May 2026
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Largest Food & Beverages Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
AAK, Cloetta, Scandi Standard, Zinzino Holding and Humble Group.
 | AAK AB is a Swedish refined vegetable oils producer with sales operations around the world. The company has three business segments: Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. The Food Ingredients segment provides solutions to the bakery, dairy, nutrition, plant-based, & food service industries. The Chocolate & Confectionery Fats segment mainly serves manufacturers of chocolate, spreads, & fillings products as well as customers in the personal care industry. The Technical Products & Feed segment provides a growing range of specialized solutions, responding to an increased demand for natural ingredients & sustainability. A majority of its revenue is generated from the Food Ingredients segment. | $27 | -6% | $7B | $7B | 1.4x | 11.5x | ||
| Cloetta AB is a confectionary company in Northern Europe. Its products are sold in more than fifty countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany, and the UK as the main markets. The company's brand portfolio includes Lakerol, Cloetta, CandyKing, Jenkki, Kexchoklad, Malaco, Sportlife, and Red Band. Cloetta has approx. seven production units in five countries. | $5 | +47% | $2B | $2B | 1.7x | 11.1x | ||
| Scandi Standard AB is a food company. It supplies chicken and chicken-based products in the Nordic region and Ireland. It markets and sells its products under the Kronfagel, Danpo, Den Stolte Hane, Naapurin Maalaiskana, and Manor Farm brand names. The company has operations in Sweden, Denmark, Norway, Ireland, Lithuania, and Finland. It generates the majority of its revenue from Sweden. The company's segment includes ready-to-cook and ready-to-eat. The company generates the majority of its revenue from the ready-to-cook segment. | $15 | +58% | $1B | $1B | 0.8x | 10.6x | ||
| Zinzino Holding AB is a direct sales company. The company offers products focusing on nutritional supplements, skincare, and lifestyle products. The company operates in two segments Zinzino and Faun. The majority of the revenue is generated from the Zinzino segment. The company's product areas include Immune and Brain, SkinCare, Weight Control, Beverages, and others. The company's geographical segments include Sweden, Hungary, Germany, Norway, Finland, Denmark, and other countries. | $16 | -23% | $615M | $527M | 1.5x | 10.7x | ||
| Humble Group AB is a Swedish foodtech and FMCG group. Humble targets the foodtech, eco, sustainability and vegan segments to drive organic growth and acquisitions in the various business units: brands, distribution, manufacturing and ingredients, and R&D. Its technical solutions facilitate new formulations and recipes that improve the taste and consistency of the next generation of sugar-reduced, sustainable, and vegan products. | $1 | -15% | $350M | $557M | 0.6x | 7.0x | ||
| Midsona AB is a consumer goods company. It markets and sells health foods, sports nutrition, superfood, dietary supplements,and cold remedies. Its products are within three categories: organic products, healthfoods and self care products. The firm markets and sells its products under Urtekram, Friggs, Dalblads, Naturdiet, Tri tolonen, Kung markatta, Helios and Miwana brand names. It operates in Sweden, Norway, and Finland. | $1 | +53% | $209M | $237M | 0.6x | 7.6x | ||
| Cheffelo AB (publ) is simplifying everyday life by offering a large variety of inspiring meals delivered directly to the customer’s front door. The Group is a supplier of meal kits in the Nordic region and considers itself a leader in Scandinavian food tech. The Group operates in Sweden, Norway, and Denmark under the brands Linas Matkasse, Godtlevert, Adams Matkasse, and RetNemt. | $13 | +122% | $167M | $153M | 1.2x | 11.8x | ||
| Skane-Mollan AB offers different types flour and cereal products to bakeries, food industries and consumers. The company provides bakery wheat flours, bakery coarse, bakery rye flours, organic products and TTT-products. | $6 | -22% | $63M | $55M | 2.2x | 29.6x | ||
| Premium Snacks Nordic AB develops, manufactures and sells high-quality snacks under the brands Gardschips and Exotic Snacks. Under the Exotic Snacks brand, consumers are offered a wide range of high-quality snack products that include everything from natural and spiced nuts, to chocolate dragees, licorice, Asian rice snacks and exotic dried fruits. | $4 | +16% | $49M | $53M | 0.8x | 10.2x | ||
| New Nordic Healthbrands AB develops herbal supplements, herbal remedies, and personal care products to satisfy specific health and beauty needs. The products are sold in North America, Europe, and Asia. Some products sold are Active legs, Active Liver, Apple Cider, Chili Burn, Clear brain, Ear tone, Equazen, Frutin gastro gel, Hair Gro, Hair Volume, Kilo trim, and Melissa Dream. Maximum revenue is generated from the Nordic region. | $1 | -35% | $9M | $12M | 0.2x | 6.8x | ||
| Lohilo Foods AB is a producer of high protein ice-cream products. The company's products include functional drinks, functional food, ice cream, fitness clothing, fitness and sport equipments, and accessories. | $0 | +37% | $9M | $10M | 0.5x | 16.8x | ||
| Hemply Balance Holding AB is a health food company within hemp products. It focuses on intimate care products, as well as sales of oil and capsules outside Sweden. | $0 | +29% | $503K | $495K | 5.5x | (9.8x) | ||
| Wonderboo Holding AB is active in the dog food industry. Its segment is dog food and it offers recipes that nutritionally complete dog food, It is Produced using only the finest fresh ingredients means natural nutrition and taste are preserved. | $0 | -68% | $213K | $204K | 2.8x | (0.5x) | ||
| Median | $4 | +16% | $167M | $153M | 1.2x | 10.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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