Inside information, profit warning: Atria is raising its adjusted EBIT guideline for 2024
Atria Plc, Inside information, 12th of July 2024, at 4.20 pm
Inside information, profit warning: Atria is raising its adjusted EBIT guideline for 2024
Atria raises its adjusted EBIT guideline for 2024 and estimates the adjusted EBIT to be higher than the previous year (EUR 49.6 million).
The reason for raising the adjusted EBIT guideline is the good EBIT development in all of Atria's business areas. The new poultry factory has been put into operation successfully and it enables business expansion and cost-effective production in the future.
Updated guidelines:
Atria Group’s adjusted EBIT in 2024 is expected to be higher than in the previous year (EUR 49.6 million).
The favorable sales structure and the efficiency of operations have a positive effect on earnings development. The new poultry factory has been put into operation successfully and it enables business expansion and cost-effective production in the future.
The purchasing power of consumers and the structure of sales in the second half of 2024 are uncertain. However, Atria's good market position, strong brands and good customer relations as well as reliably functioning industrial processes create the conditions for business stability.
In addition, a possible increase in customs duties on foodstuffs imported from Europe to China or a ban on imports, if implemented, would affect Atria's Finnish pork exports and the European pork market. Atria has established customer relations in China, which creates good conditions for the continuation and development of exports.
Previously published guidelines were:
"Atria Group’s adjusted EBIT in 2024 is expected to be smaller than in the previous year (EUR 49.6 million).
The operating environment is expected to remain challenging in 2024, particularly in terms of consumer behaviour. The construction and installation work of the new poultry plant in Nurmo have proceeded according to schedule and the plant is fully operational. Its performance will be optimised during 2024.
The challenging market situation and the achievement of the efficiency targets set for the new poultry plant will have an impact on the year’s result. Atria’s good market position, strong brands and good customer relationships, as well as its reliable industrial processes, will nevertheless enable stable business, also in 2024."
Atria will announce the January-June 2024 interim report on July 18, 2024 at approximately 8:00 a.m.
For more information, please contact Kai Gyllström, CEO of Atria Plc. Contacts and interview requests via Hanne Kortesoja, Group Vice President, Corporate Communications & IR, e-mail: hanne.kortesoja@atria.com, tel. +358 400 638839.
ATRIA PLC
Kai Gyllström
CEO
DISTRIBUTION
Nasdaq Helsinki Ltd
Major media
www.atria.com