In Infarm’s Berlin showroom, an employee checks the growing system.
(Photo: Reuters)
Dusseldorf The rapid rise of the Berlin food tech Infarm has been viewed with skepticism for some time. Although the company has so far generated sales in the low millions, the start-up has managed to be valued in the billions,
Now the critics are getting new arguments: sales are already falling again at a low level. In the first quarter of 2022 it was 3.6 percent lower than in the fourth quarter of 2021, according to internal documents available to the Handelsblatt. This is apparently due to problems in the supply chain.
Infarm did not want to comment on specific figures and only referred to the overall trend: “Financial results from 2021 show growth, but have not yet been published at this point in time,” said a spokeswoman. The financial figures for 2022 would also “show continued growth” after their publication in the commercial register.
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