HKScan to revise its operating profit outlook

HKScan Corporation                                   Stock Exchange Release 31 October 2017, at 9:00 EET

HKScan to revise its operating profit outlook

HKScan Corporation estimates its comparable operating profit (EBIT) for 2017 to be at loss. HKScan previously estimated that its comparable operating profit (EBIT) for 2017 to stay below the previous year’s level (EUR 13.2 million).

HKScan is currently ramping up the new poultry unit in Rauma, Finland. The reasons for the revised outlook is the higher than anticipated ramp up cost of the new Rauma unit and also the temporary decreased delivery capability in poultry in Finland.

The Rauma unit will improve the efficiency and the competitiveness of the HKScan’s poultry production and enable to introduce new food concepts in 2018.

HKScan will publish its January–September interim report on Wednesday 8 November, 2017.

HKScan Corporation
Board of Directors

For further details, kindly contact Jari Latvanen, CEO, HKScan Corporation. Please submit a call-back request via Marja-Leena Dahlskog, VP Communications, HKScan Corporation, marja-leena.dahlskog(at)hkscan.com or tel. +358 10 570 2142.

HKScan is the leading Nordic food company. We sell, market and produce high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Our customers are the retail, food service, industrial and export sectors, and our home markets comprise Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2016, HKScan had net sales of nearly EUR 1.9 billion and some 7 300 employees.

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