Lantmännen reports stronger first four months as all divisions post higher earnings
The farmer-owned group increased earnings across its agriculture, energy, food and real estate businesses during the first four months of 2026 while continuing to invest in future growth.
SWEDEN – Lantmännen reported a stronger financial performance for the first four months of 2026, with higher earnings across all of its business divisions despite what it described as a more uncertain global economic and geopolitical environment.
The Swedish agricultural cooperative posted operating income of SEK 552 million (US$53.1 million) for the period, up from SEK 362 million (US$34.8 million) during the same period in 2025. Net sales rose by 3.4% to SEK 20.35 billion (US$1.96 billion), compared with SEK 19.68 billion (US$1.89 billion) a year earlier.
The figures exclude the Swecon Division, which ceased to be part of Lantmännen on February 1, 2026 and is now classified as a discontinued operation.
“Lantmännen starts the year on a strong note, with positive development across all divisions despite growing geopolitical and economic uncertainty,” said Magnus Kagevik, Group President and CEO of Lantmännen.
The Agriculture Division delivered one of the largest improvements. Operating income reached SEK 168 million (US$16.2 million), up from SEK 73 million (US$7 million) in the corresponding period last year. The company linked the result to positive performance across Agriculture Sweden, a strong 2025 harvest, better results in Agriculture Finland and growth in the workshop business at Lantmännen Machinery.
The Energy Division reported operating income of SEK 140 million (US$13.5 million), compared with SEK 97 million (US$9.3 million) a year earlier. Lantmännen said higher ethanol prices supported earnings growth at its biorefineries business, while Lantmännen Aspen also recorded a strong performance.
The Food Division posted operating income of SEK 237 million (US$22.8 million), up from SEK 228 million (US$21.9 million). The increase came mainly from higher sales at Scan Sverige, supported by efficient production and the acquisition of Lindvalls Chark in May 2025.
Meanwhile, the Real Estate Division improved its operating income to SEK 119 million (US$11.4 million), compared with SEK 108 million (US$10.4 million) in the previous year.
“Lantmännen has a strong financial position and continues to develop well in an increasingly uncertain environment,” Kagevik said.
The results follow a recent visit by EU Commissioner for Agriculture and Food Christophe Hansen and Sweden’s Minister for Rural Affairs Peter Kullgren to Lantmännen’s biorefinery in Norrköping.
During the visit, the company highlighted how grain and food industry residual streams can be processed into food ingredients, feed, biofuels, biogas and green chemicals, underlining the growing role of biorefineries in Europe’s food, energy and agricultural sectors.
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