Denmark's FirstFarms H1 EBITDA drops on low pig prices, drought
Denmark's FirstFarms H1 EBITDA drops on low pig prices, drought
Overview
Denmark agriculture firm's H1 2026 revenue rose, but EBITDA and EBIT declined sharply
Results impacted by drought in Slovakia and low pig and milk prices
Company lowered 2026 EBITDA and EBIT guidance due to adverse market and weather conditions
Outlook
FirstFarms lowers 2026 EBITDA guidance to minus 5 – 45 mDKK due to drought, lower pig prices
Company now expects 2026 EBIT of minus 75 – minus 25 mDKK
FirstFarms expects pig prices to increase slightly from current levels; milk prices have risen since June
Result Drivers
LOW PIG PRICES - Co said significantly lower pig prices negatively impacted results by 16 mDKK
DROUGHT IMPACT - Drought in Slovakia led to crop yields 35% below budget and lower fair value adjustments
LOW MILK PRICES - Milk prices were below budgeted levels, partly offset by better milk production
Company press release: ID:nGNEcgMPTj
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| DKK 200 mln |
|
H1 EBIT |
| -DKK 33 mln |
|
H1 EBITDA |
| DKK 3 mln |
|
H1 Pretax Loss |
| DKK 50 mln |
|
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)