Sweden's Scandi Standard Q3 revenue rises on strong chicken demand

By Reuters News


Overview

  • Nordic chicken producer's Q3 revenue grew 8% yr/yr, adjusted EBIT up 18%

  • Adjusted EPS for Q3 rose to SEK 2.19 from SEK 1.83

  • Company completed SEK 408 mln rights issue to finance Glenhaven Foods acquisition


Outlook

  • Company says it is well positioned to achieve its 2027 financial targets

  • Scandi Standard expects continued growth in European markets after Glenhaven Foods acquisition

  • Company says it is prepared to manage raw material price changes and external factors


Result Drivers

  • STRONG DEMAND - Co said continued strong demand for chicken supported sales and earnings growth

  • OPERATIONAL EFFICIENCY - Co cited increased operational efficiency and resource utilisation as contributing to higher profitability

  • READY-TO-EAT SEGMENT - Co said price adjustments and increased demand in Ready-to-eat segment drove improved profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

SEK 4.04 bln

SEK 3.91 bln (1 Analyst)

Q3 Net Income

SEK 131 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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