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


Reuters Recommended Reads

  • Oct 19 - Chocolate maker Lindt ousts CEO after poor European results, two outlook cuts

  • Oct 19 - Norway's Mowi Q3 harvest volumes and EBIT hit record highs

  • Oct 19 - India sugar stocks slide as government halts sugar diversion to ethanol


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.