2024 was characterised by low activity in the German market, which is the Group’s largest, as well as generally high interest rates and uncertainty in the global markets.

Despite challenging market conditions, the DLG Group continues to deliver solid financial ratios with a gearing (NIBD/EBITDA) of 4.2 and an equity ratio of 31.1%, which is within the Group’s strategic targets.

As for earnings, an EBITDA of DKK 2.3 billion was realised compared to a target for the year of at least DKK 2.4 billion, which is not considered satisfactory.

2024 was characterised by low activity in the German market, which is the Group’s largest, as well as generally high interest rates and uncertainty in the global markets.

Despite challenging market conditions, the DLG Group continues to deliver solid financial ratios with a gearing (NIBD/EBITDA) of 4.2 and an equity ratio of 31.1%, which is within the Group’s strategic targets.

As for earnings, an EBITDA of DKK 2.3 billion was realised compared to a target for the year of at least DKK 2.4 billion, which is not considered satisfactory.

The DLG Group wants to help fight global warming. We have therefore set ambitious targets for reducing CO 2 emissions from our operations and from the value chains we are part of.

In terms of scopes 1 and 2, we have set targets to reduce emissions by 50% in 2030 compared to the 2019 baseline.

In 2024, we reduced our CO 2 e emissions for scope 1& 2 by 21% compared to the baseline year 2019, and by 13% compared to 2023. The reduction compared to last year was achieved by lower energy consumption in production and renewable electricity certificates.

For scope 3, we have set targets to reduce emissions by 30% in 2030, compared to the 2019 baseline.

Throughout 2024, in line with SBTi, we have had a strong focus on improving the data quality in our scope 3 reporting. As a result, we have a much larger share of activity-based data in our new scope 3 reporting for 2023 and 2024, and the level of detail and thus data quality has generally improved. Scope 3 reporting currently covers energybased emissions, and in 2025 we will work to add land-based emissions in line with the SBTi guidelines.

The reduction in scope 3 from 2023 to 2024 is mainly due to decreased emissions from procurement (category C1 Procurement), resulting from lowered purchases of primarily crops, building materials, diesel, petrol, and heating oil.

We strive to never discriminate on the basis of gender, age, background, ethnicity or sexual orientation. We aim for at least 30% of all management positions to be held by women. The same objective applies to senior management (VP+ positions). In the category ”Management positions”, the share of women has been slightly increasing over the past few years, amounting to 24% of all managers in 2024, an increase of two percentage points compared to 2023.

In the category ”VP+ positions”, we have reached our target percentage-wise, but we are aware that there are parts of the business where we still need to have a strong focus on distribution. Therefore, we will define a new target for the coming years, and, in 2025, we will continue our focus on obtaining a more proportionate gender distribution at all levels

In 2024, the number of work-related accidents totalled 189, which is an increase of 18 accidents compared to 2023 and thus not satisfactory.

The increase in work-related accidents mainly occurred in DLG a.m.b.a. and Team Agrar, where the number of people at the different locations is high, especially during the harvest period. The DLG Group has had an increased focus on work safety, including attention to registering occupational accidents, which also seems to have increased the reporting of work-related accidents. In 2025, we will continue our major focus on work safety to cut the number of work-related accidents.

Our 2025 target is a maximum of 170 work accidents, which would mean that we would be able to reach our sub-goal of reducing the number of work accidents by 10% annually.