"Scandagros' profit and revenue down last year, investing in expansion

Scandinavian capital's Scandagra, one of the largest fertiliser and grain trading groups in the Baltics, posted a net profit of €4.24 million last year, down 44.2% from €7.6 million in 2023, with revenues falling 16.8% to €471 million (€566.1 million), according to a report filed with the Centre of Registers.

„Last year our sales volumes remained at a high level, we maintained stable profitability and market shares, although on average fertiliser and grain prices were lower than in the previous year“, „Scandagra“ CEO Marius Vasiliauskas said in a statement.

The company has invested €3.5 million in a new seed plant in Kėdainiai – it will open in 2026. In addition, the company has opened new grain receiving stations and warehouses in Jurbarkas, and purchased a plot of land with warehouses in Kėdainiai for expansion.

„Our goal is not only stability, but also growth, so we are making strategic investments that will ensure further expansion of the business, said the company's CEO.

Scandagra“ founded by the agricultural cooperatives – DLG of Denmark and „Svenska Lantmannen“ of Sweden, was launched in Lithuania in 2006. The indirect shareholders of the company are Sweden's „Lantmannen“ and Denmark's „Vitfoss“, which hold equal shares, according to the data of the Centre of Registers. 

The company has more than 170 employees.