Scandi Standard (SCST SS) – Q1 2020 Trading update
During this challenging period with Covid 19 pandemic, Scandi Standard is reporting a strong result for the first quarter of 2020. The business has recently experienced a major increase of 10-15 percent in retail sales as consumers are spending more time at home. Likewise, Scandi Standard has experienced a drop of 50-60 percent in the food service sales, which broadly represent a similar volume. Despite limited operational and financial impact so far, the Board of Directors has found it prudent to implement precautionary cash preservation measures in case the situation should escalate and