This article first appeared on GuruFocus .
Release Date: July 17, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Scandi Standard AB ( STU:0SL ) reported a 4% growth in net sales, driven by strong demand.
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EBIT increased by 30%, with a margin improvement to 4.9%, indicating strong operational performance.
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The company secured a new five-year financing package with improved terms, enhancing financial flexibility.
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Ready-to-Eat segment showed a 12% growth in net sales and improved EBIT margin from 3.2% to 4.1%.
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Scandi Standard AB ( STU:0SL ) maintained a solid equity ratio of 34.2%, reflecting strong financial health.
Negative Points
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The ingredients segment faced a negative contribution due to adverse price environment and operational challenges.
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Feed prices, although stable, present uncertainties due to potential impacts from the Middle East crisis, El Nino, and the Ukraine war.
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Export prices may face disruptions due to EU import restrictions on Brazilian chicken, creating market volatility.
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Long-term injury rate increased compared to last year, highlighting an area needing improvement.
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Net interest-bearing debt increased during the quarter, although leverage remains below the internal target.
Q & A Highlights
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Q: Can you elaborate on the factors driving the 30% increase in EBIT for Q2 2026? A: Jonas Tunenstahl, CEO, explained that the EBIT increase was primarily due to a favorable mix and price, continued operational improvements, and higher production efficiency. The focus on ready-to-cook and ready-to-eat segments, along with passing through cost increases, contributed significantly to this growth.
Q: How is Scandi Standard managing the volatility in feed prices and other costs? A: Jonas Tunenstahl, CEO, noted that while feed prices have been stable, there are uncertainties due to factors like the Middle East crisis and the Ukraine war. Scandi Standard is closely monitoring these developments and emphasizes its agile supply chain, which allows for quick adjustments.
Q: What are the strategic goals for Scandi Standard by 2027? A: Jonas Tunenstahl, CEO, outlined the company's targets, including a 5% to 7% net sales growth and an EBIT margin exceeding 6%. The company also aims for an EBIT per kilo target of 3 SEK, supported by strategic pillars like increasing protein value and ramping up efficiency.
Q: Can you provide more details on the new five-year financing package? A: Frederik Silvaan, CFO, announced that Scandi Standard secured a new five-year financing package with improved terms, increasing total committed facilities to EUR 450 million. This package enhances financial flexibility and supports future growth, maintaining a sustainability-linked financing framework.
Q: What is the outlook for the ready-to-eat segment? A: Jonas Tunenstahl, CEO, reported a 12% growth in net sales for the ready-to-eat segment, driven by demand in both foodservice and retail. The EBIT margin improved to 4.1%, and the company expects continued positive development in the second half of 2026.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
