Scandi Standard AB (LTS:0QVR)
kr 82 0 (0%) Market Cap: 5.37 Bil Enterprise Value: 7.17 Bil PE Ratio: 19.03 PB Ratio: 2.13 GF Score: 68/100
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Q2 2024 Scandi Standard AB (publ) Earnings Call Transcript

Jul 17, 2024 / 06:30AM GMT
Release Date Price: kr74.1 (-3.64%)
Jonas Tunestal;publ;Chief Executive Officer
Scandi Standard AB;Managing Director

()- -

So let's start the presentation. And good morning, everyone, and welcome to this presentation on Scandi Standard's results for Q2 2024. My name is Jonas Tunestål, and I'm the CEO and Managing Director of Scandi Standard. With me, I have Fredrik Sylwan, our CFO and I'm pleased to have him by my side today. I'm also glad to report a strong volume and profit growth in the quarter.

Next slide, please. We see a strong demand at slightly lower prices. We have increased volumes with 3% in the quarter. We have increased EBIT with 5% to SEK127 million compared to SEK121 million last year. And we have also improved the margin from 3.5% to 3.8% in the quarter.

The improvement was driven by a strong progress in Ready-to-cook. We're also seeing improved sequential performance in Ready-to-eat. And in the Ingredients business, we have a continued downwards normalization in the rendering prices. We have a strong balance sheet and a positive operating cash flow. Net cash flow

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