DLF Strengthens Its Core Business and Delivers Strong Financial Results

Adjusted for the sugar beet business, which was carved out during the year into United Beet Seed, a new strategic partnership with Groupe Florimond Desprez,  DLF’s revenue is in line with last year’s level.

The global seed market has somewhat been affected by an oversupply of forage and turf seed in the Northern Hemisphere. Although sales volumes increased compared to the previous year, wholesale prices declined as a result of the oversupply. In contrast, markets in the Southern Hemisphere were more balanced, with rising volumes and generally stable prices.

DLF’s EBIT of DKK 474 million was positively impacted by the carve-out of the beet seed business and the sale of the company’s shareholding in Danespo A/S.

Søren Halbye, CEO of DLF, says:
“This season has brought more market challenges and geopolitical disruptions than we’ve seen before. That’s why we have kept a sharp focus on our business - driving sales, managing operations tightly, and working hard to reduce debt. Managing high inventory levels has required considerable effort, and all our employees have contributed tremendously. Their dedication is the foundation of DLF’s continued success.

The European market is showing signs of recovery, but it’s still to some degree affected by excess seed stocks in the supply chain. This has influenced the prices we’ve been able to pay growers for the 2024 harvest - a level we’re not satisfied with. With our strong market presence and reduced acreage, we’re working actively to bring the situation back to a level where both growers and DLF can be satisfied.”

Three Strategic Milestones
During the year, DLF made significant progress in strengthening its operations and positioning for the future:

• Improved financial resilience: The company has reduced its working capital by lowering inventories by more than DKK 500 million, which is a 19 percent reduction compared to last year.

• Sharpened focus on core business: DLF has consolidated its activities around forage and turf seed as well as vegetable seed multiplication. The establishment of United Beet Seed marks a key step, while the sale of shares in Danespo further aligns the company with its core strengths.

• New group strategy - Connecting to Grow: Launched in May 2025, the new strategy defines a clear direction for the Group and sets ambitious goals to ensure competitive returns for Danish seed growers. At the same time, DLF is investing in innovation and sustainability in response to climate change and the green transition.

DLF’s vegetable seed business, Jensen Seeds, also delivered a strong comeback in both revenue and earnings after a challenging drought year in 2023.

Key Figures – DLF AmbA (DKK million)

EBITDA: Earnings before interest, tax, depreciation and amortisation
EBIT: Earnings before interest and tax

Read the full report and essentials here
DLF Annual Report 2024/25 
DLF AmbA Essentials 2024/25