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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Lantmännen
Lantmännen (LM) investor relations material
Lantmännen has been private
Lantmännen Tertial 2 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Tertial 2 2026 summary2 Oct, 2026
Executive summary
Operating income for May–August 2026, adjusted for comparability, reached MSEK 1,483, up from MSEK 995 year-over-year, driven by strong Energy and Agriculture Divisions and cost savings.
Net sales for the period rose 8.5% to MSEK 21,130, with all divisions contributing to growth.
The Swecon Division was divested in February 2026, generating a gain of SEK 4.3 billion and is now reported as discontinued operations.
Major investments included a new grain facility in Uddevalla and ongoing construction of a plant-based protein facility in Lidköping.
Financial highlights
Net sales for Jan–Aug 2026 totaled MSEK 41,482, up 5.9% year-over-year.
Adjusted operating income for Jan–Aug was MSEK 2,035 (1,358), with an adjusted operating margin of 4.9% (3.5%).
Income after financial items, adjusted, was MSEK 1,867 (1,062) for Jan–Aug.
Cash flow before financing activities for Jan–Aug was MSEK 5,782 (–436), mainly due to the Swecon divestment.
Equity ratio improved to 51.0% (44.0%).
Outlook and guidance
The external environment remains uncertain due to geopolitical tensions and climate impacts, but Swedish growing conditions are favorable.
Higher energy and input costs are expected to drive food prices up.
Continued investments in Swedish food production and infrastructure are planned.
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Latest events from Lantmännen
- Adjusted operating income surged to MSEK 552, driven by broad-based divisional growth and Swecon divestment.LM
Tertial 1 2026 - Adjusted operating income declined slightly to MSEK 2,108, with net sales up 2.8%.LMTertial 3 2025
- Adjusted operating income increased to MSEK 995, supported by a strong harvest and cost savings.LMTertial 2 2025
- Net sales up 7.3% and operating income near record, led by Food, Agriculture, and Scan.LMTertial 2 2024
- Record sales and operating income, robust investments, and a near-record dividend for 2024.LMTertial 3 2024
- Operating income dropped 33% year-over-year amid weak demand and cost-saving measures.LMTertial 1 2025
Next Lantmännen earnings date
Tertial 3 202610 Feb, 2027
Lantmännen
Next Lantmännen earnings date
Tertial 3 202610 Feb, 2027
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Frequently asked questions
Lantmännen is an agricultural cooperative with a leading position in Northern Europe, focusing on agriculture, machinery, bioenergy, and food products. It is owned by roughly 18,000 Swedish farmers, with operations spanning over 20 countries. It operates across the entire agriculture value chain, from the cultivation of crops to consumer food products. Lantmännen focuses on sustainable agriculture and innovation to produce food, energy, and agricultural products. Its activities encompass grain handling and sales, feed production, bioenergy solutions, and food manufacturing. The cooperative is known for producing a wide range of food products under various brands, catering to both retail and foodservice sectors. These products include cereals, flour, bread, pasta, and ready-to-eat meals, among others. Lantmännen emphasizes research and development to improve agricultural practices and food production, aiming to contribute positively to the environment and society. The company is headquartered in Stockholm, Sweden. However, Lantmännen is not a publicly listed company; it is a cooperative and thus its shares are not listed on any stock exchange.