FirstFarms Q1 revenue hit by low milk and pig prices
Danish producer maintains full-year guidance despite tough start
28 May 2026
1 minute read
By: Danish agriculture producer FirstFarms reported a year-on-year decline in first-quarter revenue, with lower prices for milk and pigs identified as the most significant contributing factors, reported Reuters.
Both EBITDA and EBIT were negative in Q1 and declined from the same period last year, in line with company expectations.
Milk output was also affected by reduced production, as the company's herd has not yet fully recovered to pre-foot-and-mouth disease levels. A high proportion of first-lactation cows further weighed on volumes.
Despite the challenging start to the year, FirstFarms has maintained its full-year 2026 guidance, with EBITDA forecast in the range of 60–110 million DKK and EBIT expected between -10 and +40 million DKK. The company anticipates that low prices for milk and pigs will continue to present challenges throughout 2026.
On a more positive note, crop conditions are described as generally good, with deliveries scheduled for the second quarter.
