Agtira
Agtira is a Swedish controlled-environment agriculture company focused on growing cucumbers in custom greenhouse facilities. Its business model combines farming operations with long-term supply arrangements and local distribution to retail and wholesale customers in Sweden.
Fiscal year 2025 · change from previous year
Development 2023–2025
Business
Share of revenueCultivation and sale of greenhouse-grown cucumbers for retail and wholesale channels.
Operation and leasing of tailored greenhouse facilities for customer supply programs.
Customers
Agtira sells primarily to food retail chains, large grocery stores, and wholesalers that want a steady supply of fresh vegetables year-round. The model is built around customers that value local sourcing, predictable pricing, traceability, and reliable delivery rather than spot-market purchasing.
Buy cucumbers and other fresh vegetables for daily shelf supply and year-round availability
Source locally grown produce for in-store sales and consistent freshness
Purchase volume for redistribution into broader retail and foodservice channels
Use Agtira output to support nearby supply chains and shorter transport routes
Strategy
Agtira’s strategy centers on scaling controlled-environment cucumber production through modern greenhouse systems and long-term customer contracts. It also aims to strengthen distribution reach through industry partnerships and a broader commercial platform while keeping production close to end markets.
More output from controlled facilities improves supply reliability and supports larger customer programs.
Contracted demand fits the FaaS model and improves visibility for production planning.
The business depends on consistent yields, logistics, and cost control across multiple locations.
Geography
Agtira is based in Sweden and operates greenhouse production in several Swedish locations, including Härnösand, Östersund, Haninge, and Kramfors. Its business is tied to Nordic growing conditions and Swedish food retail distribution, with an emphasis on local and regional supply rather than export markets.
Risks
Agtira is exposed to agricultural production risk, including yield variability, plant disease, water availability, and energy costs, because revenue depends on stable greenhouse output. It also faces customer concentration and channel risk in Swedish grocery supply, while broader fresh-produce markets can be affected by price volatility, weather, and import competition.
- Crop yield and biological production riskImpact: HighLikelihood: Medium
Revenue depends on successful greenhouse cultivation and consistent harvest volumes.
Exposure: Cucumber production
- Water and energy cost/availability riskImpact: HighLikelihood: Low
Controlled-environment farming requires reliable utilities and can be sensitive to input costs.
Exposure: Greenhouse operations
- Fresh produce price volatilityImpact: MediumLikelihood: Low
Market prices for cucumbers and vegetables can fluctuate with seasonality and import supply.
Exposure: Nordic produce markets
- Customer concentration and contract dependencyImpact: Medium
The business model relies on a limited number of retail and wholesale buyers.
Exposure: Food retail chains and wholesalers
- Geographic concentration in SwedenImpact: Medium
Operational disruption in one market can affect most of the company’s production and sales.
Exposure: Sweden
Accounting
Judgemental itemsHarvest timing and site utilization can shift revenue and costs between quarters.
Impact: Comparability across quarters
Buildings, installations, and equipment are central to the business model and materially affect operating results.
Impact: EBIT and EBITDA bridge
Ongoing site build-out and upgrades affect balance sheet asset values and future depreciation.
Impact: Asset base and future expense recognition
Acquisitions and business combinations can create goodwill that must be tested for impairment.
Impact: Potential non-cash write-downs
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Last updated: 24/09/2026