Agtira is a research and development company in the food industry. The company delivers systems for sustainable food production to actors in the food industry. Through aquaponics, the company develops both cultivation methods and software support for cultivation systems for fish and vegetables in urban environments. Today, customers are found in Sweden. The company has its headquarters in Härnösand.
In terms of financials, Q2 was largely a repeat of Q1, with one-off replanting and remediation costs from the Q1 disease affecting the results. The production start in Haninge in Q4’24 will increase annual production rate to SEK 60m. With upcoming establishmen...
As announced already in February, capacity utilization and turnover in Q1 were weighed down by the plant disease in Härnösand, with a negative impact of SEK 4m. Agtira has taken measures to improve the crops, and reached a new record productivity for...
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After several commercial contracts signed in 2023, Agtira ended the year with a strong cash position and only a few passing weaknesses in the report for Q4’23. Along with the contract with Swedish LIDL signed last month, worth some SEK 400m over 10 years...
With the fresh 10-year deal to supply Lidl from a new 10,000 sqm production facility in a FaaS-setup, Agtira is now about to get all the pieces in place for its rollout of vertical farming systems to the Swedish grocery market. Along with the partnership...
With a third quarter in line with expectations and a cash injection of SEK 70m following a rights issue, Agtira is making significant strides toward becoming THE partner for Swedish grocery food chains. Two new LOIs have been signed, marking Agtira’s...
With the upcoming 88% guaranteed SEK 80m rights issue, plus SEK 23m in credit, Agtira is gearing up to accelerate roll-out in 2024. Several high value firm deals are on track to be operational by H2’24, indicating ARR of SEK 97m. This suggests that next...
The Q2 report was pretty much in line with our expectations, apart from a slight miss on sales due to replanting efforts. The partnership where NP3 Fastigheter will construct and own up to 15,000 square meters of cultivation area, leaving Agtira to scale...
With the framework agreement with Swedish real estate company NP3 Fastigheter in place, Agtira has added another key piece which should enable a faster roll out pace. Through partnering with NP3 and grocery wholesaler Greenfood, and the new CEO Erik ...
In line with its ambitious growth plan, Agtira is now expanding its engagement with grocery producer and distributor Greenfood in a SEK 285m cucumber offtake deal, contingent on Greenfood signing resale deals for 80% of the volume produced in the first...
Agtira closed its books for 2022 reaching record high sales of 25.5 MSEK, an 80% increase compared to 2021. While the growth was strong, we look more favorable on the fact that the three systems now up and running provide proof of concept to the company...