Scandi Standard (SCST) investor relations material

Executive summary

• Q3 net sales reached SEK 4,038m, up 8%; adjusted EBIT rose 18% to SEK 220m, with margin at 5.4% versus 5.0% and record quarterly results.

• Growth reflected demand, pricing and mix, operational efficiency, and stronger Ready-to-eat performance.

• January–September net sales increased 7% to MSEK 11,414 and adjusted EBIT rose 27% to MSEK 566.

• Glenhaven Foods was acquired after quarter-end, expanding the European ready-to-eat platform; it was consolidated from October 9 and excluded from Q3 results.

Financial highlights

• Q3 net sales were SEK 4,038m (+8% reported; +7% at constant exchange rates); adjusted EBITDA was SEK 340m versus SEK 296m, with an 8.4% margin versus 8.0%.

• Adjusted EBIT was SEK 220m versus SEK 185m; reported EBIT was SEK 205m after SEK 15m of Glenhaven transaction costs.

• Q3 income for the period rose 9% to SEK 131m; adjusted EPS increased 20% to SEK 2.19 from SEK 1.83.

• 9M adjusted EBITDA rose 17% to MSEK 908 and adjusted EBIT increased 27% to MSEK 566; income for the period rose 29% to MSEK 349.

• Q3 operating cash flow was MSEK 218 versus MSEK 189, including a MSEK 66 working-capital contribution.

Outlook and guidance

• 2027 targets: organic net sales growth of 5–7%, EBIT margin above 6%, adjusted ROCE above 15%, and adjusted EBIT above SEK 3/kg processed.

• 2026 CapEx is expected at ~SEK 680m; year-to-date spend was SEK 549m. Working capital is expected to increase in Q4 with Glenhaven consolidation and Factory C ramp-up.

• Financing cost is expected at ~7% of net interest-bearing debt and the blended effective tax rate at ~20%.

• Management cited stronger demand, improving Ready-to-eat margins, readiness for input-cost volatility, and capacity to double throughput.