Scandi Standard Q1 Revenue Beats Estimates

Scandi Standard reported Q1 revenue of SEK 3.68 bn, beating analysts’ SEK 3.60 bn estimate.
Operating profit rose 35% YoY to SEK 167 million, with EBIT margin improving to 4.5% from 3.7%.
Net income reached SEK 101 million and earnings per share were SEK 1.55, driven by strong domestic chicken demand.
Company launched new products, refreshed brand in Sweden and expects continued demand to sustain growth and profitability.