Nasdaq CopenhagenIFRS · EUR

DCH INTERNATIONAL A/S

DCH INTERNATIONAL A/S is a Danish agricultural holding company focused on pig production through subsidiaries in Romania. Its business centers on breeding and raising finishers and weaners for sale within the pork supply chain.

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Revenue55.1m EUR
−21.9 %y/y
Operating profit (EBIT)-3.5m EUR
−163.5 %y/y
EBIT margin-6.3%
−14.1 ppy/y
Net income-5.5m EUR
−328.9 %y/y
Free cash flow1.5m EUR
+141.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-20020406080m EUR2021: 43 m EUR2021: EBIT -6.7 m EUR20212022: 40 m EUR2022: EBIT 1.4 m EUR20222023: 62 m EUR2023: EBIT 11 m EUR20232024: 71 m EUR2024: EBIT 5.5 m EUR20242025: 55 m EUR2025: EBIT -3.5 m EUR202555-3.5
RevenueOperating profit (EBIT)
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Business

Share of revenue
Pig production100 %

Breeding, raising, and selling pigs, mainly finishers and weaners.

Customers

The company sells into the pork value chain, with customers typically being livestock buyers, integrators, and farms that purchase pigs for further fattening or slaughter. Demand depends on pork industry economics, animal health conditions, and the availability of replacement stock.

Weaner buyers

Buy younger pigs for further fattening in their own production systems.

Finisher buyers

Purchase market-ready pigs for slaughter or downstream processing.

Pork supply-chain operators

Use the company's livestock to support integrated pork production needs.

Strategy

The company’s core strategy appears centered on operating pig farms efficiently and selling finishers and weaners through its Romanian subsidiaries. Its competitive position depends on herd productivity, farm utilization, and maintaining reliable production across operating sites.

Optimize pig production outputMedium term

Higher production efficiency improves the volume of animals available for sale.

Manage farm capacity utilizationShort term

Farm utilization directly affects unit economics and operating leverage in livestock production.

Geography

DCH INTERNATIONAL A/S is headquartered in Denmark, while its operating pig-production activities are concentrated in Romania through subsidiaries. The geographic structure matters because production performance is tied to Romanian farm operations, while the Danish parent provides the corporate holding structure.

Risks

The business is exposed to livestock disease, feed-cost volatility, and swings in pork market pricing, all of which can quickly affect farm economics. Because production is concentrated in Romania, local operating conditions, regulation, and biosecurity performance are especially important.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Feed and input cost volatility1Commodity pork price cycles2Animal disease and biosecurity risk3Geographic concentration in Romania4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Feed and input cost volatilityImpact: HighLikelihood: High

    Livestock economics are sensitive to feed prices, veterinary costs, and other agricultural inputs.

    Exposure: Pig production cost base

  2. Commodity pork price cyclesImpact: HighLikelihood: High

    Selling finishers and weaners exposes the company to cyclical pricing and demand conditions.

    Exposure: Sales realizations

  3. Animal disease and biosecurity riskImpact: HighLikelihood: Medium

    Pig production depends on maintaining herd health; outbreaks can reduce output and trigger losses.

    Exposure: Romanian farm operations

  4. Geographic concentration in RomaniaImpact: MediumLikelihood: Medium

    A concentrated operating footprint increases exposure to local regulation, disease, and labor issues.

    Exposure: Subsidiaries in Romania

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Accounting

Judgemental items
Biological assets

Animals in production are typically measured at fair value or similar agricultural valuation methods, affecting earnings.

Impact: Can create volatility from changes in herd value and market assumptions

Agricultural inventory

Finishers and weaners held for sale must be valued carefully as weights and prices change.

Impact: Affects cost of sales and gross result

Production period comparability

Reduced capacity utilization and farm restart effects can distort year-to-year comparisons.

Impact: Changes reported output and unit economics

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Last updated: 24/10/2026