Scandi Standard AB (SCST) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Scandi Standard's result for Q1 2026. My name is Jonas Thunestad, and I'm the CEO and managing director of Scandi Standard. By my side, I have Fredrik Sylvan, our CFO, and I'm pleased to have him by my side today. I'm also glad to report the strong growth and result in the quarter. Next slide, please. We report Q1 2026 with strong growth in net sales and margin. We have a 9% growth in net sales and increasing volumes, supported by growth across all countries, channels and segments. Sales are supported by continuous strong underlying demand. EBIT is up 35%, solid improvements in ready to cook. We have low ready to eat margin, but a positive outlook. Improvement program continued with full force, supported by significant investments in 2026. And the integration of Lithuania and Netherlands are progressing well. So generally, we have a strong outlook for the business. Next slide, please. And now we move into the growth and value drivers and the reason why we see a strong demand. It's related to these three value drivers for chicken, responsible, safe and nutritious, convenient, versatile and tasteful and affordable because it's sustainable. So next slide, please. And here you can see the strong historical and ongoing consumer trend for chicken. On the graphs on the right hand side, you can see long term growth in chicken benefiting from substitutions from other proteins like pork and beef. And as you can see in the top bullet, we're estimating 3% volume CAGR in the Nordics and Ireland. So next slide, please. And one of the three value drivers is the affordability and it's benefiting from other proteins just because it's sustainable and affordable. So price has always been important for consumers and the focus h...