Scandi Standard AB (SCST) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Scandi Standard's result for Q1 2025. My name is Jonas Thunestad, and I'm the CEO and Managing Director of Scandi Standard. By my side, I have Fredrik Sulvan, our CFO, and I'm pleased to have him by my side today. I'm also glad to report a strong growth in the quarter. Next slide, please. We have a solid growth and improved performance. We see 7% growth in net sales and increase in volumes. And that is supported by a strong consumer trend and driven by substitution from red meat. It is also supported by strength and convenience offering. We can see that the chicken is a convenient product where we are deboning more and more and get the products more convenient. We also have the startup of Lithuanian low-cost platform according to plan. And that has an EBIT impact of minus 7 million euros, 17 million euros in the quarter. And we have also done the acquisition of farm and that will accelerate the backward integration. So without that, we see a strong improvement in underlying EBIT and making continual steps to our financial targets. But as communicated before, we're also preparing our newly acquired ready-to-eat plan in Netherlands, in Oosterwolde, for startup in quarter four 2025. We also see improved performance in our key sustainability KPIs. And the dividend proposal for us is 2.50 SEK compared to 2.30 SEK last year per share. Next slide, please. And this slide shows why we have this growth and our value drivers for this. And that is because it's responsible, safe and nutritious. Chicken is convenient, versatile and tasteful. And it is affordable because it's sustainable. Next slide, please. And we see a strong consumer trend that is in favor of chicken products. So we have seen a strong poultry growth in ...