Scandi Standard reports higher second quarter earnings, secures new US$513.7M financing
Poultry producer posts higher sales, earnings and production volumes in the second quarter and first half of 2026.
SWEDEN – Scandi Standard recorded higher production, sales and profitability during the second quarter of 2026, supported by increased chicken volumes across its operations in the Nordic region and other European markets.
The poultry producer processed 76,000 metric tons of chicken between April and June, representing a 3% increase compared with the same period in 2025.
Net sales for the quarter reached just over SEK3.69 billion (US$382 million), reflecting growth of 4% from a year earlier.
Operating profit, measured as earnings before interest and taxes (EBIT) at constant exchange rates, rose 30% to SEK179 million (US$18.53 million), while the EBIT margin improved to 4.9% from 3.9% in the corresponding quarter last year.
EBIT per kilogram of product also increased to SEK2.37 (US$0.25), compared with SEK1.88 (US$0.19) a year earlier.
Chief Executive Officer Jonas Tunestål said the company strengthened its market position in the Nordic countries and Ireland while continuing to improve efficiency and expand operations in the Baltics and Central Europe.
First half results strengthen outlook
The positive quarterly performance contributed to stronger financial results for the first six months of the year, with production volumes increasing 4% to 151,000 metric tons.
Net sales for the January to June period climbed 8% year on year to almost SEK7.38 billion (US$763.9 million).
Reported EBIT increased 32% to SEK346 million (US$35.82 million), while the EBIT margin improved from 3.8% to 4.7%.
On a per kilogram basis, EBIT reached SEK2.29 (US$0.24), compared with SEK1.80 (US$0.19) during the first half of 2025.
Tunestål said the company remains well positioned to continue expanding while pursuing its long-term financial objectives, adding that a broader geographic presence has strengthened the business against uncertainty in the market.
New financing agreement supports expansion
Alongside its quarterly results, Scandi Standard announced a new sustainability-linked five-year financing agreement with its banking partners valued at €450 million (US$514 million).
The package includes a €100 million (US$114 million) multi-currency loan facility and a €350 million (US$399.8 million) revolving credit facility, with an option to increase total financing by a further €150 million (US$171.3 million) subject to lender approval.
Tunestål said the agreement provides the company with financial flexibility to pursue both organic growth and strategic investment opportunities over the coming years.
The financing was arranged with ABN AMRO Bank N.V., Coöperatieve Rabobank U.A., Bank of Ireland and the Swedish branch of DNB Bank ASA.
Scandi Standard, which operates in Sweden, Norway, Denmark, Finland, Ireland, Lithuania and the Netherlands, produces around 172 million birds annually and recently expanded its portfolio through the acquisition of Denmark-based Danbroiler.
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