Record sales despite geopolitical uncertainties

DeLaval delivered a strong performance in 2025, surpassing our key financial targets and building on several years of steady results. These outcomes were made possible by the trust our customers place in us and the close cooperation with our partners, for which we are sincerely grateful.

Strong milk prices and lower feed costs created a favourable market for many of our dairy farmer customers in 2025, which accelerated investments across the dairy sector. This strong market demand and our attractive product offering resulted in extraordinarily strong sales growth.

Helping the dairy value chain overcome challenges and thrive

Geopolitical uncertainties and changes in the global economic environment affected our performance during the year, and without these external factors it could have been even stronger. Never­theless, we adjusted our operations and supply chain to ensure we were able to continue to support our customers effectively.

Global dairy demand and production are forecast to continue to grow in the coming years driven by projected higher income per capita, population growth and urbanisation. DeLaval is
well positioned to continue to lead the way in automation, digitalisation, productivity and animal welfare – to promote a more sustainable global dairy production.

Our contribution to quality

With ‘quality’ as the theme of this report, DeLaval plays an important role not only in ensuring milk quality around the world, but also animal welfare, sustainability and efficiency
in the dairy industry. By combining equipment, digital tools, hygiene solutions and animal health technologies, we help dairy farmers produce higher quality dairy operations.

As described on page 49 of this report, the expansion of our commercial dairy farm and Research and Development Centre, Hamra Farm, showcases what is possible for farms around the world. In particular, the expansion further enhances our capabilities to develop and test new solutions that can improve dairy farming.

“DeLaval plays an important role not only in ensuring milk quality around the world, but also animal welfare, sustainability and efficiency in the dairy industry.”

Innovation and sustainability – the cornerstones of our business

Innovation at DeLaval is guided by our vision ‘We make sustainable food production possible’ and we see ourselves as an enabler to make the dairy industry more sustainable, profitable and resilient. We do this by making products that do ‘more with less’ and by ensuring they promote animal welfare as healthy cows deliver more milk. We also invest significant resources in helping our customers to ensure high milk quality and food safety.

But we do not work with innovation and sustainability on our own. By working with academia and dairy federations, we can help advance dairy standards, and collaboration with our partners and customers around the world is essential to drive progress. A great example is our award‑winning Milk Sustainability Center (MSC) partnership, which we founded together with John Deere, and was joined by several other partners during the year. The MSC aims to support farmers in improving their operations and reducing environmental impact.

Our key product launch during the year was the DeLaval VMS™ V300 with Flow-Responsive™ Milking, which further enhances the milking capacity of our automatic milking robot. We also introduced next‑generation milk‑quality monitoring with our new DeLaval BioSensors Milk Cell Analysis (MCA) solution to help farmers manage cow health even more effectively. In addition, we expanded our digital services to further optimise herd and farm performance.

Investing in our people

Our employees play an essential role in DeLaval’s success. Across the organisation, we are focusing on developing competence in sustainability, digitalisation and technology, communication and leadership, change management, personal effectiveness, and project and problem management. Ensuring all our HR processes are infused with a diversity and inclusion perspective is also key to raising awareness of the business benefits of a diverse workforce among our managers and employees.

After reaching our goal of 25% female employees and managers in 2025 across the DeLaval Group, we focused on identifying and addressing the gaps in our 2030 gender diversity goal of 30%. During the year, we also prepared for the EU Pay Transparency Act, which aims to promote gender pay equality and transparency.

Prepared for a challenging outlook

We expect global dairy production growth to gradually slow down in 2026 with lower milk prices due to over-supply before stabilising. But with a strong order book in the first half of 2026 and our attractive product offering, we are well-positioned to cope with market and geopolitical uncertainty going forward. Together with the wider dairy value chain, we will continue to shape a resilient and sustainable future for dairy farmers and ensure the world continues to meet the high global demand for milk.

Paul Löfgren

“Innovation at DeLaval is guided by our vision ‘We make sustainable food production possible’ and we see ourselves as an enabler to make the dairy industry more sustainable, profitable and resilient.”

“With a strong order book in the first half of 2026 and our attractive product offering, we are well-positioned to cope with market and geopolitical uncertainty going forward.”