Nasdaq CopenhagenIFRS · EUR

Oterra Holding ApS

Oterra Holding ApS is a Denmark-based company focused on natural food colors used in food and beverage applications. Through its operating group, it develops and supplies color solutions derived from natural sources for manufacturers that need consistent color performance across multiple product formats and geographies.

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Revenue447m EUR
+0.0 %y/y
Operating profit (EBIT)7.1m EUR
+0.0 %y/y
EBIT margin1.6%
+0.0 ppy/y
Net income-52.5m EUR
+0.0 %y/y

Fiscal year 2025 · change from previous year

Development 2023–2025

-1000100200300400500m EUR2023: 417 m EUR2023: EBIT -8.1 m EUR20232024: 447 m EUR2024: EBIT 7.1 m EUR20242025: 447 m EUR2025: EBIT 7.1 m EUR20254477.1
RevenueOperating profit (EBIT)
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Business

Share of revenue
Natural food colors70 %

Color ingredients and blends used to replace or supplement synthetic colors in foods and beverages.

Customized color systems20 %

Tailored formulations designed to deliver specific shade, stability, and process performance.

Application and technical support10 %

Customer support for integrating color ingredients into finished products and production processes.

Customers

Oterra sells to food and beverage manufacturers that use colors in processed foods, drinks, confectionery, dairy, bakery, and related applications. Customers buy the company’s ingredients and formulation support because natural-color performance, regulatory acceptance, and consistent appearance are important in branded consumer products.

Food manufacturers

Buy natural color ingredients for packaged foods, snacks, dairy, and bakery products because appearance and label claims matter.

Beverage producers

Buy color solutions for soft drinks, juices, and other beverages where shade consistency and stability are critical.

Confectionery and sweets brands

Buy vivid natural colors for candy, gummies, and related products to match brand formulations and consumer expectations.

Private label and ingredient formulators

Buy tailored color systems and technical support to integrate natural colors into customer-specific recipes.

Strategy

Oterra’s strategy is centered on expanding its portfolio of natural color solutions and supporting customers with formulations that perform reliably in food and beverage production. The company also emphasizes maintaining technical quality, product breadth, and regulatory fit, which are important to winning specification-based demand in this category.

Expand natural color offeringsMedium term

A broader portfolio increases the number of food and beverage applications the company can serve.

Strengthen customer application supportShort term

Technical support helps customers reformulate products and improves retention in specification-led accounts.

Remain compliant with evolving food-ingredient requirementsLong term

Natural color suppliers depend on regulatory acceptance and clean-label demand across markets.

Geography

Oterra is headquartered in Denmark and serves food manufacturers across multiple international markets. The available report excerpts do not provide a regional revenue split, but the business is structured around supplying ingredients to customers in different countries through a global operating footprint.

Risks

Oterra faces risks tied to raw-material availability, crop-based inputs, and the technical performance of natural color ingredients in customer formulations. Because the business serves food manufacturers across markets, it is also exposed to changing regulation, customer qualification cycles, and competitive pressure from alternative color technologies.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Raw-material and agricultural supply risk1Regulatory and labeling changes2Product performance and formulation risk3Customer concentration and qualification risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Raw-material and agricultural supply riskImpact: HighLikelihood: Medium

    Natural color ingredients depend on plant- and crop-based inputs, which can vary in availability and quality.

    Exposure: Input sourcing and extraction capacity

  2. Regulatory and labeling changesImpact: HighLikelihood: Medium

    Food color ingredients must meet country-specific rules and customer label requirements.

    Exposure: Food and beverage markets across jurisdictions

  3. Product performance and formulation riskImpact: MediumLikelihood: High

    Natural colors can be sensitive to heat, pH, light, and shelf-life conditions in end products.

    Exposure: Customer formulations and application success

  4. Customer concentration and qualification riskImpact: MediumLikelihood: Medium

    Ingredient suppliers often rely on selected accounts and lengthy approval processes.

    Exposure: Large food and beverage customers

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Accounting

Judgemental items
Goodwill impairment

The report mentions goodwill adjustments, showing that acquisition-related intangibles are a key estimate area.

Impact: Can materially affect reported assets and earnings if impaired

Business combination accounting

Prior-period accounting corrections for acquisitions indicate judgment in purchase price allocation and fair values.

Impact: May alter intangible asset values and goodwill

Derivative and hedge accounting

Outstanding interest-rate hedges on foreign-currency debt require fair value measurement and hedge designation.

Impact: Affects other long-term assets and equity reserves

Last updated: 24/10/2026