HKScan lowers its financial guidance for 2022

HKScan Corporation, Stock Exchange Release, Inside information, 29 September 2022 at 2.30 p.m. EET

HKScan lowers its financial guidance for 2022

HKScan Corporation has decided to lower the company's financial guidance for 2022. According to the updated guidance, HKScan's comparable EBIT is expected to decrease from the comparison year, but remain positive. It has been decided to lower the financial guidance due to the significantly changed situation on the energy market. The uncertainty in the energy market affects all of HKScan's home markets and will impact the Group's EBIT despite hedging measures. 

HKScan’s previous guidance for 2022 published on 10 February 2022

HKScan estimates that the Group’s comparable EBIT in 2022 will improve compared to 2021. Early 2022 comparable EBIT is expected to be weaker than the comparison period due to inflation, which strongly affects the company's profit development, and significant imbalances in the international meat and grain markets. The full-year profit development will be significantly affected by the development of the international meat and grain market.

HKScan Corporation

Board of Directors

Further information: 
Jyrki Paappa, CFO, tel. +358 10 570 2512 or
HKScan Media Service Desk, tel. +358 10 570 5700 or by email: communications@hkscan.com

At HKScan, we make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our responsibly produced, delicious products are part of consumers’ varied food moments – both every day and on special occasions. We have some 7,000 HKScan professionals applying more than 100 years of experience to make locally produced food. For us at HKScan, responsibility means continuous improvements and concrete actions throughout the food chain. As part of our Zero Carbon programme, we are targeting a carbon-neutral food chain from farms to consumers by the end of 2040. Our home markets cover Finland, Sweden, Denmark and the Baltics. Our strong product brands include HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rose™, Rakvere® and Tallegg®. Through our strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi brands. HKScan is a publicly listed company, and in 2021, our net sales totalled over EUR 1.8 billion.

DISTRIBUTION:

Nasdaq Helsinki
Main media
www.hkscan.com