Lantmännen (LM) Tertial 1 2025 summary

Executive summary

• Operating income for Jan–Apr 2025 was MSEK 566, down from MSEK 848 year-over-year, reflecting external uncertainty and lower demand across most divisions.

• Net sales increased 5.2% to MSEK 22,718, driven by acquisitions/divestments, while organic sales declined 2.7%.

• A group-wide savings program targeting SEK 0.5 billion in cost reductions was launched, expected to impact 300–400 positions.

• The AGM approved a dividend of MSEK 1,125; board changes included a new chairman and vice chairman.

Financial highlights

• Net sales: MSEK 22,718 (up 5.2% year-over-year).

• Operating income: MSEK 566 (down from 848).

• Income after financial items: MSEK 411 (down from 708).

• Cash flow before financing: MSEK 138 (improved from -946).

• Return on equity (adjusted): 4.1% (down from 7.4%).

Outlook and guidance

• External uncertainty, geopolitical risks, and weak global demand are expected to continue impacting results.

• The group-wide action program aims to restore long-term profitability and competitiveness.

• Management remains confident in leveraging growth opportunities due to a strong balance sheet.