Vikima Seed A/S has delivered a significantly stronger financial statement. The annual result ends at 32.2 million DKK compared to 8.4 million DKK the previous year, and the gross profit has simultaneously grown to 51.3 million DKK from 18.9 million DKK. The financial statement covers the period from 1 July 2024 to 30 June 2025, and the upward leap comes after a year where both weather and yields have played a crucial role.
- We are very satisfied with the result, says managing director Kim Nielsen.
Vikima Seed is among the world's leading companies in seed production. So when farmers around the world plant spinach in the ground, there is a high probability that the seeds come from a field on the South Sea Islands. From here, the seeds go to Vikima Seed outside Holeby, which sends vegetable and flower seeds to the world market.
84 percent is manageable
The result reflects the crops harvested in the summer of 2024. That harvest has provided seeds for the financial statement that has just been released. Here, a wet spring caused delays in sowing, which meant that sowing was later than usual. Therefore, 2024 was not optimal, but better than feared.
- The harvest yielded 84 percent of the possible output. That means 16 percent was lost. It is not optimal, but it is manageable.”
Next year's accounts may also end up being good. The result of the harvest is now somewhat known. And whether the yield will be 83, 84 or 85 percent, Kim Nielsen does not know yet.
- It is an important figure because each percent goes straight to the bottom line, so it is almost pure profit here.
Strong economy and solid investments
The good earnings have strengthened the balance sheet. Equity has grown to 287.5 million DKK, and the balance sheet total has increased to 322.3 million DKK.
At the same time, Vikima Seed has invested heavily in new buildings. Part of the investments is about improving the conditions for employees, including better facilities and a canteen.
- We are very aware of taking care of our employees. They do not grow on trees. One of the things I am most proud of in our annual accounts is that we have managed production with the employees we have.
Seed production is largely seasonal work, and according to Kim Nielsen, it requires a conscious effort to retain employees during periods of lower activity because otherwise, it can be difficult to get them back.
Challenges despite good figures
Even though the bottom line is booming this year and possibly next year as well, the director sees clear challenges for the industry.
- The agricultural toolbox is getting smaller and smaller. And we are not allowed to use many pesticides against weeds and insects. There is unfair competition even within the EU.
Vikima Seed collaborates with around 300 farmers in Denmark and a few in Sweden and Germany, but according to Kim Nielsen, the conditions are far from equal. According to the director, French farmers, for example, have access to significantly more approved products than the Danish ones, and this could have consequences for future production.
- It makes it difficult for us in the future. Things like Chinese cabbage and radishes will be hard to produce in the future.
