Geopolitical ImpactAll markets showed positive organic growth except Finland, which remains affected by the geopolitical situation.
Market RecommendationDespite the updates and strategic initiatives, there is limited upside potential, maintaining a Hold recommendation.
Quarterly PerformanceScandic delivered a weaker-than-expected 3Q24 result, with net sales declining 2.0% to SEK 6,182m, which was below the Factset consensus.