Q3 2024 Scandi Standard AB (publ) Earnings Call Transcript
Key Points
- Scandi Standard AB (LTS:0QVR) reported a significant volume of profit and growth in Q3 2024, with a 3% increase in volumes.
- The company's EBITDA increased by 11% to 155 million SEK, with an improved EBITDA margin from 4.2% to 4.6%.
- Strong demand and progress in both ready-to-cook and ready-to-eat segments contributed to the company's growth.
- The acquisition in Lithuania is expected to enhance production capacity and has already secured orders for the remainder of the year.
- Scandi Standard AB (LTS:0QVR) has a strong balance sheet with positive operating cash flow and net cash flow, allowing for debt reduction despite dividend payments.
- The ready-to-eat segment experienced an 8% decline in net sales due to the loss of a contract in Central Europe.
- The company faced adverse developments in personal injuries, particularly in Denmark, affecting employee safety metrics.
- Sales have been impacted by price reductions driven by lower costs for feed and currency headwinds.
- The company is experiencing increased finance costs due to the timing of depreciation related to previous financing arrangements.
- There is uncertainty in the macroeconomic environment, which could impact future export prices and feed costs.
Ladies and gentlemen, welcome to the SCDI interim report for the third quarter, 2024 conference call. I am George, the Chorus cooperator.
I would like to remind you that all participants will be listen-only more than the conference is being recorded. The presentation will be followed by Q initiation.
You can register for questions at any time by pressing star and one on your telephone. For operator assistance. Please press star and zero.
The conference must not be recorded for publication or broadcast at this time. It's my pleasure to hand over to Jonas Tunstall. See you, please go ahead.
Thank you and welcome to this presentation of SCDI Standards Result for Q 3 2023 '24. Sorry. My name is Ena Sunal and I'm the CEO and managing director of SCDI Standards.
By my side. I have played a two on our CFO and I'm pleased to have him by my side today. I'm also glad to report a significant volume of profit and growth in the quarter.
So next slide, please.
Next slide,
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