Scandi Standard, the largest poultry company headquartered in Sweden, reported a 12% increase in net sales for both the fourth quarter of 2019 and the full year, anchored by major growth in the ready-to-eat product category.
In reporting the company’s financial results on February 7, Scandi Standard Managing Director and CEO Leif Bergvall Hansen said in a press release that ready-to-eat products generated a 34% growth for the quarter and a 31% growth for the full year.
“Our marketing efforts combined with significant capacity investments in this area has allowed us to tap into the strong demand in the ready-to-eat category,” Hansen said.
Hansen also reported a 9% growth in the ready-to-cook chilled product category for 2019, and a 12% for the full year. Meanwhile, the ready-to-cook frozen and ready-to-cook export product categories, “continued to decrease as proportion of net sales compared to the same quarter the year before, despite some stock clearance in the quarter.”
Feed conversion and sustainability
Hansen noted that the company is striving to be a leader in terms of sustainability. One example given is regarding better feed conversion ratios (FCRs).
When compared to 2018 FCRs, Scandi Standard improved its FCRs, leading to a reduced feed consumption of 7,200 tons. As a result, Scandi Standard saved about 250 truckloads of feed, Hansen said.
“This also corresponds to a reduction in the required farming area by about 1,100 hectares, making it available for other uses,” Hansen said.
Scandi Standard is striving for further improvement, he added, and he plans to report the company’s “progress from an already good level in the coming periods.”
Scandi Standard has operations in Sweden, Norway, Finland, Denmark and Ireland. According to the Poultry International Top Companies listings, is the 24th largest poultry company in Europe and the largest in Sweden. It produces broilers, turkeys, ducks and table eggs.