Continued strong result development in the first four months

Lantmännen’s result after net financial items for the first four months of 2016
amounts to 304 MSEK, compared to 238 MSEK for the same period last year. All
sectors are developing well, and the higher result is a continuation of last
year’s strong development. Lantmännen continues to create conditions for
thriving Swedish agriculture.
”It is very pleasing to report that we continue to deliver results that are in
line with the strong full-year results for 2015. Our positive momentum from last
year is continuing in 2016, and we are showing a higher result in most of our
businesses,” says Per Olof Nyman, Lantmännen’s CEO and Group President.

The figures below refer to the period of January-April, 2016. Last year’s result
in brackets.

The Agriculture Sector has improved its operating profit significantly compared
to the previous year: 94 MSEK (23 MSEK). Increased customer focus and a strong
local presence has led to Lantmännen strengthening its position in the highly
competitive Swedish agricultural market. The higher result is also due to major
efficiency measures and structural cost reductions that have been implemented
over the last two years, which have now produced full effects.

The operating profit for the Machinery Sector has increased, and amount to 11
MSEK (4 MSEK). The sector’s development is positive, despite a continued
turbulent and cautious machinery market. Swecon’s market position in
construction machinery has been strengthened, both in the Swedish and the German
market. The agricultural machinery business has focused on preparations for the
new agreement with AGCO to come into effect – and on integrating the newly
acquired machinery business in Kalmar.

The Energy Sector shows a higher operating profit than last year: 84 MSEK (62
MSEK). The improvement is mainly due to higher earnings in Lantmännen
Agroetanol, where the successful work with increasing ethanol with added value
has continued – for example through exports to Germany, and sales of more highly
-refined products. The result in the Sector’s other businesses is developing
according to plan.

The Food Sector also shows a higher operating profit: 185 MSEK (137 MSEK). The
improvement is mainly due to continued result improvements in primarily
Lantmännen Unibake’s international operations, and to the fact that the result
from Vaasan – which is part of the Sector since June of 2015 – has been added.
Several successful product launches have been made during the first four months,
for example from AXA, Kungsörnen and GoGreen. Viking Malt’s acquisition of
Danish Malting Group from Carlsberg was approved by relevant competition
authorities in May.

Lantmännen Real Estate’s operating profit, excluding property sales, is in line
with the previous year: 61 MSEK (62 MSEK). The external share of leasing
continues to increase, and a number of property transactions have been made
during the first four months.

“Lantmännen continues to stand on a stable platform, with strong finances and a
good market position in several areas – and I feel confident about the future.
Our strong position means that Lantmännen can continue to make a difference, by
creating conditions for thriving and competitive Swedish agriculture,” says Per
Olof Nyman.

The entire report is available at lantmannen.com/en/reports.

If you have any questions, please contact:
Per Olof Nyman, CEO and Group President, Lantmännen, +46 706 57 42 47,
per.olof.nyman@lantmannen.com
Ulf Zenk, CFO, Lantmännen, +46 725 61 15 63, ulf.zenk@lantmannen.com

Lantmännen’s press office, +46 730 46 58 00

This information has been disclosed in accordance with the Swedish Securities
Market Act (2007:528). The information was submitted for publication at 08.30 on
June 2, 2016.