Denmark's FirstFarms Q1 revenue falls on lower milk and pig prices
Denmark's FirstFarms Q1 revenue falls on lower milk and pig prices
Overview
Denmark agriculture producer's Q1 revenue fell yr/yr, driven by lower milk and pig prices
Q1 EBITDA and EBIT both negative and declined from last year, as expected
Company maintains full-year 2026 guidance despite challenging price environment
Outlook
FirstFarms maintains 2026 EBITDA guidance of 60-110 mDKK and EBIT of -10-+40 mDKK
Company expects 2026 to be challenged by low prices for milk and pigs
FirstFarms says crop conditions are generally good, with deliveries scheduled for Q2
Result Drivers
LOW MILK AND PIG PRICES - Co said lower prices for milk and pigs were the most significant factor impacting Q1 revenue, EBITDA and EBIT
REDUCED MILK PRODUCTION - Milk output fell due to herd not yet recovering to pre-foot and mouth disease levels, with a high proportion of first lactation cows
Company press release: ID:nGNE6dgvGC
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 EBIT |
| -DKK 23 mln |
|
Q1 EBITDA |
| -DKK 7 mln |
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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.)