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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.

Liikevaihto142milj. EUR
+23,5 %v/v
Liikevoitto (EBIT)11,6milj. EUR
−47,7 %v/v
EBIT-marginaali8,2%
−11,1 %-yks.v/v
Nettotulos0,8milj. EUR
−95,0 %v/v
Vapaa kassavirta26,9milj. EUR
+101,0 %v/v

Tilikausi 2023 · muutos edellisvuodesta

Kehitys 2020–2023

050100150milj. EUR2020: 102 milj. EUR2020: EBIT 2,8 milj. EUR20202021: 100 milj. EUR2021: EBIT 7,5 milj. EUR20212022: 115 milj. EUR2022: EBIT 22 milj. EUR20222023: 142 milj. EUR2023: EBIT 12 milj. EUR202314212
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Pig production85 %

Sales of slaughter pigs, piglets, weaners and sows from the group’s pig farms.

Breeding herd and herd genetics8 %

Commercial and breeding herd operations that support herd replenishment and sales.

Crop farming5 %

Field crop production, mainly wheat, used within farming operations and for sale.

Ancillary farm income2 %

Slurry, delivery services and miscellaneous agricultural income streams.

Asiakkaat

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

Buy slaughter pigs for processing into pork products; the segment is the core end market for live pig sales.

Live pig traders and brokers

Purchase pigs and livestock for resale or channeling into regional meat supply chains.

Breeding and farm stock buyers

Buy piglets, weaners and sows used to replenish or expand pig herds.

Commodity crop buyers

Buy wheat and other crops harvested from the company’s arable land.

Strategia

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 productivityKeskipitkä aikaväli

Higher live animal output and breeding efficiency support the core livestock business.

Protect farm asset basePitkä aikaväli

Land, buildings, machinery and biological assets are central to production capacity.

Align output with market pricingLyhyt aikaväli

Revenue is highly sensitive to pig sale prices and feed costs.

Maantiede

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.

Riskit

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.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Pig and livestock price volatility1Feed and commodity input inflation2Russia geopolitical and FX risk3Agricultural disease and herd disruption4Biological asset valuation swings5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Pig and livestock price volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue depends on market prices for slaughter pigs, piglets, weaners and sows.

    Kohdistuu: Live pig and herd sales

  2. Feed and commodity input inflationVaikutus: KorkeaTodennäköisyys: Korkea

    Feed is a major cost in pig farming and can move faster than output prices.

    Kohdistuu: Production costs

  3. Russia geopolitical and FX riskVaikutus: KorkeaTodennäköisyys: Korkea

    The Russian operation is exposed to sanctions, capital controls and ruble movements.

    Kohdistuu: Russian subsidiary

  4. Agricultural disease and herd disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Livestock businesses are vulnerable to disease outbreaks and production losses.

    Kohdistuu: Pig herds and breeding stock

  5. Biological asset valuation swingsVaikutus: KeskitasoTodennäköisyys: Korkea

    Fair value changes in herds and crops can materially affect reported profit.

    Kohdistuu: Pigs and crops carried as biological assets

Kirjanpito

Harkinnanvaraiset erät
Biological assets at fair value

Pig herds and crops are remeasured, and valuation gains or losses hit earnings.

Vaikutus: Can materially change reported operating profit and EBITDA

Impairment of farm assets

Buildings, machinery and intangibles may be written down if recoverable value falls.

Vaikutus: Large one-off charges can reduce equity and asset values

IFRS 16 lease accounting

Farm land, buildings and equipment leases are capitalized and depreciated.

Vaikutus: Raises reported assets and liabilities and affects EBITDA

Foreign currency translation

Russian and Lithuanian operations create translation effects in group reporting.

Vaikutus: Can move asset values, equity and net income

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026

IDAVANG A/S (XCSE) – Analyysi ja tunnusluvut – Clarifo