Preliminary information on HKScan’s 2017 result

HKScan Corporation             Stock Exchange Release      January 18, 2018                   09:00 (EET)

Preliminary information on HKScan’s 2017 result

In 2017, HKScan Corporation’s net sales were approximately EUR 1 808 million and comparable operating profit (EBIT) was approximately EUR -18 million. The estimated ramp up cost of the new Rauma unit and the related negative impact of the lost poultry sales due to the lowered delivery capability in Finland amounted together to some EUR 25 million in total. Figures are based on preliminary unaudited information.

HKScan Corporation revised its operating profit outlook on 31 October 2017 and estimated its comparable operating profit (EBIT) for 2017 to be at loss.

HKScan Corporation publishes its financial statements 2017 bulletin on Wednesday 7 February 2018.

HKScan Corporation
Board of Directors

For further information: please call HKScan’s media service number: +358 10 570 5700 or email: communications@hkscan.com

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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