# IDAVANG A/S > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/idavang). ## Overview 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. ## Products & services • Slaughter pigs and live pig sales • Piglets and weaners • Breeding herd and sows • Crop production, mainly wheat • Slurry and by-product sales - **Pig production** (85%) — Sales of slaughter pigs, piglets, weaners and sows from the group’s pig farms. - **Breeding herd and herd genetics** (8%) — Commercial and breeding herd operations that support herd replenishment and sales. - **Crop farming** (5%) — Field crop production, mainly wheat, used within farming operations and for sale. - **Ancillary farm income** (2%) — Slurry, delivery services and miscellaneous agricultural income streams. - Slaughter pigs and live pig sales - Piglets and weaners - Breeding herd and sows - Crop production, mainly wheat - Slurry and by-product sales ## 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. - **Pork processors** (primary) — Buy slaughter pigs for processing into pork products; the segment is the core end market for live pig sales. - **Live pig traders and brokers** (primary) — Purchase pigs and livestock for resale or channeling into regional meat supply chains. - **Breeding and farm stock buyers** (secondary) — Buy piglets, weaners and sows used to replenish or expand pig herds. - **Commodity crop buyers** (secondary) — Buy wheat and other crops harvested from the company’s arable land. - Pork processors buying slaughter pigs for further processing - Traders and intermediaries in live animal markets - Agricultural buyers of piglets, weaners and sows - Commodity buyers of grain and farm outputs - Internal farm operations consuming feed and crop output ## 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. - **Russia** (32%) — Estimated from disclosed segment revenue for the Russian operation. - **Lithuania** (68%) — Estimated from disclosed segment revenue for the Lithuanian operation. - Headquartered in Denmark - Core operating farms in Lithuania and Russia - Revenue is generated mainly from Eastern European farm operations - Local agricultural prices and feed markets drive performance - Russia exposure adds currency and geopolitical risk ## 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. - **Optimize herd productivity** (medium-term) — Higher live animal output and breeding efficiency support the core livestock business. - **Protect farm asset base** (long-term) — Land, buildings, machinery and biological assets are central to production capacity. - **Align output with market pricing** (short-term) — Revenue is highly sensitive to pig sale prices and feed costs. - Integrate pig production with crop farming to support feed and land use - Manage herd productivity across commercial and breeding stock - Monetize live pigs, piglets, weaners and sows across market cycles - Use farm assets and biological assets to support operating scale - Balance operations across Lithuania and Russia ## 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 volatility** [high] — Revenue depends on market prices for slaughter pigs, piglets, weaners and sows. - **Feed and commodity input inflation** [high] — Feed is a major cost in pig farming and can move faster than output prices. - **Biological asset valuation swings** [medium] — Fair value changes in herds and crops can materially affect reported profit. - **Russia geopolitical and FX risk** [high] — The Russian operation is exposed to sanctions, capital controls and ruble movements. - **Agricultural disease and herd disruption** [high] — Livestock businesses are vulnerable to disease outbreaks and production losses. - Pig price volatility directly affects farm revenue and margins - Feed cost swings change production economics quickly - Animal disease and herd loss can disrupt output - Russia exposure adds geopolitical and FX uncertainty - Biological asset valuations can move reported earnings ## Accounting The most important accounting judgments are the fair value measurement of biological assets, where changes in pig and crop valuations flow through profit or loss. The group also carries heavy fixed assets and operating leases, so depreciation and IFRS 16 lease accounting materially affect reported earnings and asset values. Impairment testing is important, especially for the Russian operation and other farm assets where local discount rates and recoverability assumptions can shift carrying values. - **Biological assets at fair value** — Can materially change reported operating profit and EBITDA - **Impairment of farm assets** — Large one-off charges can reduce equity and asset values - **IFRS 16 lease accounting** — Raises reported assets and liabilities and affects EBITDA - **Foreign currency translation** — Can move asset values, equity and net income - Fair value changes in biological assets affect EBITDA and profit - Livestock and crops are measured using observable market inputs - Property, plant and equipment requires depreciation and impairment review - IFRS 16 leases add right-of-use assets and lease liabilities - Foreign currency translation affects Russian balances and earnings --- *Last updated: 2026-10-24T15:10:08.511628+00:00*