Scandi Standard (SCST) investor relations material

Executive summary

• Achieved strongest Q2 to date with 6% net sales growth and 9% EBIT increase, driven by robust demand and operational improvements across all countries and segments.

• Lithuania operations turned EBIT positive ahead of plan; Netherlands plant on track for Q4 2025 startup.

• Dividend of SEK2.50 per share approved, paid in two instalments, with the final payment due in September.

• All-time high EBIT for both Q2 and H1, with continued progress toward 2027 financial targets.

• Strategic focus on sustainability, animal welfare, and efficiency, with ongoing investments in Lithuania and the Netherlands to expand capacity and market reach.

Financial highlights

• Q2 2025 net sales: MSEK 3,543 (up 6%); EBIT: MSEK 138 (up 9%); EPS: SEK 1.29 (up 18%).

• EBITDA margin stable at 6.9%; EBIT margin improved to 3.9% from 3.8% year-over-year.

• Operating cash flow negative at MSEK -150 in Q2, mainly due to timing of receivables, acquisitions, and CapEx for Lithuanian poultry farms.

• Dividend per share: SEK2.50 (in two instalments).

• ROCE improved to 11.1% (from 10.8%); return on equity at 11.1%.

Outlook and guidance

• Further improvements expected in H2 2025, with continued strong demand and ramp-up of Lithuania and Netherlands operations.

• CapEx for 2025 estimated at SEK550 million, including investments in Netherlands and Lithuanian farms.

• 2027 targets reaffirmed: 5–7% net sales growth, EBIT margin above 6%, EBIT per kilo above 3 SEK, ROCE above 15%, and 42% CO2 reduction.

• Dividend yield remains strong; blended effective tax rate expected at 20%.

• RTE margin recovery expected as price increases are passed through in Q3 and Q4.