Scandi Standard Q4 Profit Soars 46% on Strong Sales

Key Financial Highlights

Scandi Standard announced strong fourth-quarter financial results, highlighted by a 46% increase in operating income to SEK 156 million. Net sales grew by 9% to SEK 3.44 billion, driven by solid market demand and operational efficiency.

Detailed Performance Overview

The Nordic poultry producer's EBITDA improved by 25% year-over-year to SEK 273 million, while net income attributable to shareholders surged 140% to SEK 96 million. The company also strengthened its balance sheet, reducing its net debt to EBITDA ratio to 1.9x and improving operating cash flow significantly to SEK 197 million.

Segment and Shareholder Impact

The Ready to Cook division was a key growth driver, with its operating profit increasing by 90%. In a move reflecting confidence in future performance, the Board of Directors proposed a 32% dividend increase to SEK 3.30 per share.

Summary and Outlook

CEO Jonas Tunestål noted that high structural demand for chicken and strategic investments position the company for continued expansion and improved profitability. The results underscore a positive outlook for the company entering the new year.

FAQ

Q: What was the main driver of Scandi Standard's Q4 profit growth?
A: The primary driver was the Ready to Cook segment, which saw a 90% increase in operating profit, contributing significantly to the overall 46% EBIT growth.

Q: How much is Scandi Standard's proposed dividend?
A: The board proposed a dividend of SEK 3.30 per share, which represents a 32% increase from the previous year.

Source: Investing.com