Scandi Standard AB (SCST) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to Scandi Standard's interim report for the second quarter 2025. My name's Lydia and I'll be your operator today. After the prepared remarks, there'll be an opportunity to ask questions. If you'd like to participate in the Q&A, you can do so by pressing star followed by one on your telephone keypad. I'll now hand you over to Jonas Tunstall, CEO of Scandi Standard, to begin. Please go ahead. Thank you very much and good morning everyone and welcome to this presentation of Scandi Standard's results for Q2 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 really pleased to have him by my side and I'm also glad to report a strong growth and result in the quarter. So next slide please. And we see solid growth and improved performance in the quarter. We have 6% growth in net sales and increase in volumes. And it's supported by business across countries, channels and segments. And the sales are supported by continuous strong underlying demand. So there's a strong European demand for chicken, both long term and especially now. We see a strong improvement in our EBIT performance. We're delivering continuous steps toward our financial targets that were set in 2027. And when we look into the RTE in specific, we're in the process of passing through the price increases. But I will come back to that later. Our Lithuanian operations underway with a positive EBIT impact. And that is our first milestone achieved. and a bit positive within six to 12 months. And as we previously communicated, and as you can see, we're on the early part of those six to 12 months. Farms are ongoing. And that is important for us to have this backward integration in Lithuania. And at the sa...