Structural tailwinds ahead

Q3: Stronger margins on higher volumes (EBIT +12% vs consensus)

Scandi Standard AB: 1 director

A director at Scandi Standard AB bought 56,896 shares at 98.160SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

One step back before two more forward

Q2: A slight miss (-2% vs consensus)

Winner winner chicken dinner

Q1: 4% EBIT-beat driven by margins

There's a will, and there's a way

Q4: EBIT in line, DPS slightly below

Brings home the bacon

Steady, and steady is good

Q3: All-time high EBIT, as expected

Spreading its wings

Q3'24e EBIT of SEK 150m (Facts Set cons . SEK 151m). Recent M&A adds new dimension to the margin story. '25e-26e P/E 14x-11x: BUY , TP SEK 90 (85).

On the right track

'24e-'25e EBIT little changed as RTE recovery offsets RTC miss. Structural improvements to support continued margin expansion. '25e P/E 13x for 15% EPS CAGR and 15% ROE next 3-4 years.

Q2: EBIT 4% below, but RTE comeback is a positive

Q1: EBIT 6% above cons. We see a strong '24 margin outlook, and the DK turnaround continues positively. Expect limited changes to cons '24e EBIT, but we find the report case-supportive

Encouraging underlying margin growth

We keep our '24e-'25e EBIT largely unchanged. Margin expansion in RTC offsets prolonged RTE recovery. Positive momentum and undemanding valuation: BUY.

Q1: EBIT 6% above cons on better margins

Q1: EBIT 6% above cons. We see a strong '24 margin outlook, and the DK turnaround continues positively. Expect limited changes to cons '24e EBIT, but we find the report case-supportive

Scandi Standard (No_rec, TP: SEK) - Discontinuing coverage

We have discontinued coverage of Scandi Standard. Our last published recommendation, target price and estimates should no longer be relied upon.

Northern Lights

Scandi Standard (Buy, TP: SEK46.00) -

Scandi Standard (SCST SS, Buy) - (17 pages)