LMK Group AB
Financials
Estimates*
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
---|---|---|---|---|---|---|
Revenues | 70.0m | <1m | <1m | <1m | <1m | <1m |
% growth | - | (99 %) | 31 % | (86 %) | (81 %) | 4 % |
Profit | - | (2.1m) | (2.2m) | (38.9m) | (14.5m) | 21.3m |
% profit margin | - | (307 %) | (239 %) | (29713 %) | (57209 %) | 80552 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Series A | ||
SEK270m Valuation: SEK270m | Growth Equity VC | ||
* | N/A Valuation: SEK1.0b 4160.9x EV/LTM Revenues | IPO | |
Total Funding | $32.7m |
Related Content
Recent News about LMK Group AB
EditCheffelo, formerly known as LMK Group, is a prominent player in the Nordic meal kit market, founded in 2008 with a mission to simplify everyday life by delivering a variety of inspiring meals directly to customers' doors. The company operates through distinct local brands, each with a heritage of innovation and entrepreneurship. Cheffelo serves a diverse clientele, including busy families and individuals seeking convenient, healthy, and delicious meal options. The company generated SEK 1 billion in revenue in 2023 and delivered approximately 15 million meals, positioning itself as a leader in Scandinavian food tech. Cheffelo's business model revolves around subscription-based meal kits, where customers receive pre-portioned ingredients and recipes on a regular basis. This model ensures a steady revenue stream and fosters customer loyalty. Cheffelo is listed on Nasdaq First North Premier Growth Market under the ticker CHEF. The company is committed to sustainability, focusing on areas such as food waste reduction, resource consumption, and social responsibility. Cheffelo's comprehensive approach to sustainability is detailed in its annual and sustainability reports.
Keywords: meal kits, Nordic market, subscription service, healthy recipes, food tech, sustainability, Nasdaq listed, customer loyalty, innovation, entrepreneurship.