GLOBAL MEAT MARKET SITUATION SLOWS ATRIA'S PROFIT GROWTH IN FINLAND
Atria Group Plc COMPANY ANNOUNCEMENT 15 April 2008, 2:00 pm
GLOBAL MEAT MARKET SITUATION SLOWS ATRIA'S PROFIT GROWTH IN FINLAND
Atria Finland's Q1 result will fall clearly short of last year's operative EBIT
due to the higher prices of raw material and other materials and supplies and
difficulties in the wholesale and export markets. The company also expects a
year-over-year drop in its Q2 operating profit in the Finnish business area.
Contrary to previous announcements, Atria predicts that the Group's operative
EBIT in 2008 will be lower than that in 2007. Earlier this year, the company
launched a restructuring programme in Finland, the goal being to improve
cost-effectiveness and enhance production. The programme is expected to generate
annual cost savings of approximately EUR 4 million.
The company's Q1 result will be published on 6 May 2008.
Further information is available from Matti Tikkakoski, President and CEO of
Atria Group Plc, tel. +358 50 2582.
ATRIA GROUP PLC
Matti Tikkakoski
President and CEO
DISTRIBUTION:
Helsinki Stock Exchange
Main media
www.atria.fi