Scandi Standard AB (publ) Interim report Quarter 3 2026
Key Highlights
- ➤Q3 net sales increased 8% at constant exchange rates to MSEK 4,038
- ➤Q3 adjusted EBIT rose 18% to MSEK 220, with margin reaching 5.4%
- ➤Ready-to-eat sales rose 25% to MSEK 893; operating income jumped 220%
- ➤Glenhaven Foods acquisition completed October 9, expanding value-added products and UK presence
- ➤Rights issue raised approximately SEK 408 million to partly finance Glenhaven Foods acquisition
Expert Statements
Jonas Tunestål, Managing Director and CEO of Scandi Standard
“Scandi Standard's third quarter combined strong sales and earnings growth with important operational progress.”
Jonas Tunestål, Managing Director and CEO of Scandi Standard
“The acquisition also gives us a foothold in the UK retail market where Scandi Standard currently has a very limited presence.”
Jonas Tunestål, Managing Director and CEO of Scandi Standard
“We are thereby preparing for a new phase in the company's development, with broader operations and a stronger position in Europe.”
Jonas Tunestål, Managing Director and CEO of Scandi Standard
“The fact that the rights issue was oversubscribed is a clear expression of the confidence in Scandi Standard, our strategy and our future direction.”
Jonas Tunestål, Managing Director and CEO of Scandi Standard
“With strong market positions, a growing European presence and a solid financial platform, Scandi Standard is well positioned to continue executing its strategy, achieve its 2027 targets and create long-term value.”
Scandi Standard Continued growth in sales and earnings and a strong position for the future July - September 2026* Chicken processed (grill weight) amounted to 81 (79) thousand tonnes which corresponds to a 3 per cent increase * Adjusted EBIT/kg amounted to SEK 2.72 (2.36) * Net sales amounted to MSEK 4,038 (3,723). At constant exchange rates, net sales increased by 7 per cent * Adjusted operating income (Adj. EBIT) increased by 18 per cent to MSEK 220 (185), corresponding to a margin of 5.4 (5.0) per cent * Income for the period amounted to MSEK 131 (120). Adjusted earnings per share amounted to SEK 2.19 (1.83) * Operating cash flow was MSEK 218 (189) January - September 2026* Chicken processed (grill weight) amounted to 232 (224) thousand tonnes which corresponds to a 4 per cent increase * Adjusted EBIT/kg amounted to SEK 2.44 (2.00) * Net sales amounted to MSEK 11,414 (10,642). At constant exchange rates, net sales increased by 8 per cent * Adjusted operating income (Adj. EBIT) increased by 27 per cent to MSEK 566 (447), corresponding to a margin of 5.0 (4.2) per cent * Income for the period amounted to MSEK 349 (271). Adjusted earnings per share amounted to SEK 5.55 (4.14) * Operating cash flow was MSEK 166 (46) Significant events during and after the quarter* In August 2026, Scandi Standard entered into a sustainability-linked credit facility agreement totaling approximately MEUR 450 with a five-year term. The new, more favorable financing replaces the company's existing credit facilities, which were originally entered into in September 2024. * At Scandi Standard's Annual General Meeting on 28 April 2026, a dividend of SEK 3.30 per share was approved. The dividend was paid during the second and third quarters. * During the quarter, Scandi Standard completed a rights issue raising approximately SEK 408 million before deduction of transaction-related costs. The proceeds are intended to partially finance the acquisition of Glenhaven Foods while maintaining a continued strong capital structure and financial flexibility within the Group. The rights issue comprised 3,268,143 new shares at a subscription price of SEK 125 per share. * During the quarter, Scandi Standard entered into an agreement to acquire Glenhaven Foods. The acquisition expands the company's operations in processed and ready-to-eat chicken products and strengthens the Group's position in Ireland and the UK. The acquisition was completed and consolidated as of 9 October 2026.
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