Q1 2021 Scandi Standard AB (publ) Earnings Call Transcript
Ladies and gentlemen, welcome to today's Scandi Standard Interim Report for the First Quarter of 2021. My name is Jordan, and I'll be coordinating your call today. (Operator Instructions)
I'm now going to hand over to Leif Bergvall Hansen to begin. Leif, please go ahead.
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Thank you, and good morning, everybody. Welcome to the Scandi Standard Q1 presentation.
The Q1 is the quarter where we delivered a stable development in a challenging environment. We delivered an underlying 3% growth. The retail business showed a resilient performance and a low demand for our food service sector. Adjusted EBIT comes in at SEK 88 million versus SEK 75 million in the same quarter of last year. It's a quarter where we introduced a new segment to support value creation for the group going forward. It's also the quarter where we introduced a new sustainability reporting, and we will be going more into details to that also. It's -- also, I want to be clear
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