Atria Oyj A

Atria Plc's interim report for January-September 2024 highlights a significant improvement in its financial performance, with an adjusted EBIT of EUR 52.1 million, surpassing the previous year's total. Atria Sweden showed notable improvements, with an increase in net sales and EBIT, partly due to restructuring and efficiency measures. Atria Finland's net sales were slightly down, impacted by lower feed sales prices and subdued Foodservice sales, though the barbecue season was successful. Atria Denmark & Estonia's net sales increased, driven by strong performance in Estonia, despite challenges in Denmark. The company is focusing on sustainability, aiming for a carbon-neutral food chain, with investments in a biogas plant in Nurmo. Atria's acquisition of Gooh! and full ownership of Kaivon Liha Kaunismaa Oy was completed, while it sold a majority stake in Best-In Oy. The report also outlines new management appointments and the launch of the Atria Growth Engine innovation program. Atria's outlook for 2024 is optimistic, expecting higher adjusted EBIT than the previous year, supported by a favorable sales structure and efficient operations. The company's market position and customer relations are seen as strengths amidst uncertainties in consumer purchasing power and potential trade policy changes.

Atria Plc announced the composition of its Nomination Board, established by the Annual General Meeting. The elected members are Juho Anttikoski (Itikka Co-operative), Jyrki Halonen (Lihakunta), Kjell-Göran Paxal (Pohjanmaan Liha), Timo Sallinen (Varma Mutual Pension Insurance Company), and Seppo Paavola (Chairman of Atria Plc's Board of Directors). The Nomination Board will elect a Chairman from among its members in its first meeting and will prepare proposals for the next Annual General Meeting regarding the remuneration and election of the Board of Directors and the Supervisory Board members. These proposals will be presented by 31 January 2025. The composition of the Nomination Board is determined based on the ownership of Series KII and Series A shares, with specific provisions for combining holdings and considering nominee-registered shares.

Atria Plc's half-year financial report for January to June 2024 shows a mixed performance. Net sales were EUR 871.2 million, a decrease of EUR 14.0 million from the previous year. However, EBIT improved by EUR 5.5 million to EUR 26.4 million. All business areas saw improved results in the second quarter. Atria Finland experienced a decline in net sales due to lower feed business and Foodservice sales, but efficiency measures and a good start to the summer season helped improve EBIT. Atria Sweden's net sales and EBIT increased significantly, aided by the acquisition of Gooh! and the centralization of production. Atria Denmark & Estonia saw a rise in net sales and EBIT, driven by strong performance in Estonia despite fierce competition in Denmark. Potential risks include uncertainties related to food exports to China, which may impact pork exports and the European pork market. Atria remains committed to sustainability, aiming for a carbon-neutral food chain and improved social responsibility measures, including workplace safety and product quality. The report also highlights several strategic moves, including the acquisition of Gooh! in Sweden and the sale of a majority stake in its subsidiary Best-In Oy. The company expects its adjusted EBIT for 2024 to be higher than the previous year, supported by a favorable sales structure and operational efficiency. However, uncertainties remain due to consumer purchasing power and potential changes in customs duties affecting exports to China.

Atria Plc has issued a profit warning, raising its adjusted EBIT guideline for 2024, now expecting it to surpass the previous year's EUR 49.6 million. This adjustment is attributed to positive EBIT developments across all business areas, successful operation of a new poultry factory, and efficient operations. Despite uncertainties in consumer purchasing power and sales structure in the latter half of 2024, Atria's strong market position and reliable processes are expected to maintain business stability. Potential increases in customs duties on European food exports to China could impact Atria's Finnish pork exports. Previously, Atria had anticipated lower adjusted EBIT for 2024. The January-June 2024 interim report will be released on July 18, 2024. For further information, contact CEO Kai Gyllström via Hanne Kortesoja.

Atria Plc announced its financial reporting schedule for 2025. The 2024 Financial Statement Release will be published on February 13, 2025, at 8:00 am, and the Annual General Meeting is scheduled for April 24, 2025. Shareholders can submit written requests to include matters in the meeting agenda by February 28, 2025. The 2024 Financial Statements, including a Corporate Sustainability Report and an electronic Financial Statements format, will be published during week 10/2025 along with the Annual Report. Atria will release two Interim Reports and one Half Year Financial Report in 2025 on the following dates: April 24, July 17, and October 23, all at approximately 8:00 am. These reports will be available on the company's website. For more information, contact Hanne Kortesoja, Group Vice President, Corporate Communications & IR.