Scandi Standard (SCST) investor relations material

Executive summary

• Q1 2026 delivered strong growth with net sales up 9% and EBIT rising 35% to SEK 167 million, driven by robust demand and efficiency investments across all segments and geographies.

• Ready-to-cook segment led improvements, while Ready-to-eat margins remained low but are expected to recover as new capacity ramps up.

• Integration of Lithuania and Netherlands operations is progressing well, supporting future growth and supply chain security.

• Significant investments and improvement programs are planned for 2026, focusing on capacity, efficiency, and product innovation.

• Strategic acquisitions and facility upgrades enhance operational robustness and market position.

Financial highlights

• Net sales reached SEK 3,684 million, up 9% year-over-year, with EBIT margin improving to 4.5% from 3.7%.

• EBIT per kilo increased to SEK 2.22 from SEK 1.73.

• EBITDA margin rose to 7.4% from 6.9%.

• Earnings per share increased to SEK 1.55, up 53% year-over-year.

• Operating cash flow improved to SEK 69 million, with leverage at 1.9x, below the internal target of 2.5x.

Outlook and guidance

• Positive outlook for 2026, supported by strong demand, ongoing improvement programs, and significant investments, mainly in Lithuania and the Netherlands.

• CapEx for 2026 expected at SEK 650 million, focusing on capacity expansion and debottlenecking.

• Financial targets include EBIT margin above 6% by 2027, net sales growth of 5–7% annually, and ROCE above 15%.

• Blended effective tax rate expected at approximately 19%.

• Dividend of SEK 3.30 per share proposed for 2026.