Danish Agro, one of the largest agricultural conglomerates in Denmark with activities in agricultural products, machinery, feed, and food, ended the year 2024 with a significantly lower result than the previous year. The group's revenue fell by 11 percent to 45.5 billion kroner, while the pre-tax result was 245 million kroner - a decrease of 298 million kroner compared to 2023.
The decline is due to several factors, including a disappointing harvest in key market areas, a generally low price level for crops, and a significant drop in the sale of agricultural machinery. The latter particularly affected the machinery business area, where revenue fell by 12 percent and the result ended with a deficit of 166 million kroner.
Owned by the Farmers
On the positive side, the business areas of specialty feed and food delivered solid results. Specialty feed set a record with an operating profit of 292 million kroner, while food maintained stable sales of 3.0 billion kroner despite a slight decline in revenue.
Danish Agro, which is owned by 8,100 Danish farmers, strengthened its equity ratio, which now stands at 32.9 percent - the highest level in recent times. The expectation for 2025 remains focused on adjustments and investments in green transition as well as digital solutions that can strengthen the group's competitiveness.
