IDAVANG A/S
IDAVANG A/S is a Denmark-based agricultural group focused on pig production and crop farming through subsidiaries in Lithuania and Russia. The group raises commercial and breeding herds, sells slaughter pigs, piglets, weaners and sows, and also produces crops such as wheat to support its farming operations.
Fiscal year 2023 · change from previous year
Development 2020–2023
Business
Share of revenueSales of slaughter pigs, piglets, weaners and sows from the group’s pig farms.
Commercial and breeding herd operations that support herd replenishment and sales.
Field crop production, mainly wheat, used within farming operations and for sale.
Slurry, delivery services and miscellaneous agricultural income streams.
Customers
IDAVANG sells livestock into the pork supply chain, with customers likely including meat processors, traders, and other agricultural buyers that purchase live animals. The crop side serves commodity buyers and also supports the company’s own feed and farm input needs. Revenue is therefore tied to market prices for pigs and farm commodities rather than to long-duration contracts.
Buy slaughter pigs for processing into pork products; the segment is the core end market for live pig sales.
Purchase pigs and livestock for resale or channeling into regional meat supply chains.
Buy piglets, weaners and sows used to replenish or expand pig herds.
Buy wheat and other crops harvested from the company’s arable land.
Strategy
The company’s operating model centers on controlling the full pig production cycle alongside crop production to support farm economics and herd management. Its strategic position depends on maintaining productive livestock assets, farm land, and feed availability while optimizing market timing for live pig sales. Geographic diversification between Lithuania and Russia also forms part of the operating footprint, though it brings exposure to local regulatory and currency conditions.
Higher live animal output and breeding efficiency support the core livestock business.
Land, buildings, machinery and biological assets are central to production capacity.
Revenue is highly sensitive to pig sale prices and feed costs.
Geography
The group is headquartered in Denmark but operates its farming businesses through subsidiaries in Lithuania and Russia. The reported revenue base is concentrated in those operating countries, and the business is exposed to local agricultural pricing, feed costs, and currency movements in each market. Russia and Lithuania are especially important because they house the main livestock and crop assets used to generate revenue.
Risks
IDAVANG is exposed to commodity price swings in pigs, feed and grain, which can quickly change farm economics because the business sells into spot-like agricultural markets. It also faces biological and operational risks common to livestock producers, including herd health, productivity, and fair value volatility in biological assets. Russia adds geopolitical and currency risk, while asset-heavy farming operations increase exposure to impairment and capital intensity.
- Pig and livestock price volatilityImpact: HighLikelihood: High
Revenue depends on market prices for slaughter pigs, piglets, weaners and sows.
Exposure: Live pig and herd sales
- Feed and commodity input inflationImpact: HighLikelihood: High
Feed is a major cost in pig farming and can move faster than output prices.
Exposure: Production costs
- Russia geopolitical and FX riskImpact: HighLikelihood: High
The Russian operation is exposed to sanctions, capital controls and ruble movements.
Exposure: Russian subsidiary
- Agricultural disease and herd disruptionImpact: HighLikelihood: Medium
Livestock businesses are vulnerable to disease outbreaks and production losses.
Exposure: Pig herds and breeding stock
- Biological asset valuation swingsImpact: MediumLikelihood: High
Fair value changes in herds and crops can materially affect reported profit.
Exposure: Pigs and crops carried as biological assets
Accounting
Judgemental itemsPig herds and crops are remeasured, and valuation gains or losses hit earnings.
Impact: Can materially change reported operating profit and EBITDA
Buildings, machinery and intangibles may be written down if recoverable value falls.
Impact: Large one-off charges can reduce equity and asset values
Farm land, buildings and equipment leases are capitalized and depreciated.
Impact: Raises reported assets and liabilities and affects EBITDA
Russian and Lithuanian operations create translation effects in group reporting.
Impact: Can move asset values, equity and net income
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Last updated: 24/10/2026