Scandi Standard AB (SCST) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Scandi Standard's result for Q3 2025. 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 a strong growth and result in the quarter. So next slide, please. We have 11% growth in net sales and increase in volumes. And that is supported by growth across countries, channels and segments. And sales are supported by continuous strong underlying demand. We have the highest EBIT ever, up 21%, delivering continuous steps towards our financial targets. We see strong improvement across ready to cook. Our new integrated business in Lithuania, which was started up earlier this year, is already contributing with a solid EBIT per kilo. Ready to eat segments bottomed out in the quarter as price increases to compensate higher input costs will be implemented in the coming quarters. And then when we go to Netherlands, we have successfully started up our first production line in our newly acquired RTE plant in Netherlands. And that is earlier than expected. So and now we're preparing our main products line for startup in the first half 2026. So next slide, please. And this is the reason why we see 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. Moving to the next slide. And here you can see the strong historical and ongoing consumer trend for chicken. On top of the increased consumption, chicken is also benefiting from a long term inflow from other proteins. So next slide, please. And one of the major reasons why it's benefiting from the other protein...