Atria lowers its EBIT forecast
Atria Plc, Company Announcement, 14 April 2014 at 3.00 pmAn oversupply of pork and tougher competition have decreased sales prices both in Finland and elsewhere in the EU. As a result, Atria Finland's earnings in the first quarter were not as expected.Russia's import ban on EU pork meat and the weakening of the rouble have raised the price of meat raw material in Russia by an average of 30 per cent from the beginning of the year. Atria Russia has not been able to fully pass on the increased raw material costs to sales prices.For these reasons, Atria lowers its full-year EBIT forecast.