News and analysis for the global poultry industry.
Industry News & Trends / Business & Markets / Europe
on October 8, 2021

Scandi Standard expects inflation to hit profitability

With business conditions already challenging in the present quarter, profitability will take an additional hit from rising cost inflation, warns Sweden-based poultry company, Scandi Standard.

“Significant further inflation” in the cost of many of the firm’s inputs will reduce profitability in the third quarter. This is according to the latest statement by Otto Drakenberg, interim managing director and CEO of Scandi Standard.

Earnings Before Interest and Taxes (EBIT) for the period is expected to…

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