Atria Plc's economic objectives
- EBIT 5%
- Equity rate 40%
- Return on equity 10 %
- Capital distribution of the profit for the year 50%
In 2021, Atria Group's adjusted EBIT is estimated to be EUR 37 - 43 million (EUR 40.5 million).
The adjusted EBIT is determined by adjusting the EBIT recognized in the income statement for material items that affect comparability. These may include events that are not part of the ordinary business activities, such as the restructuring of operations, capital gains and losses attributable to the sale of operations, impairment, and the costs of discontinuing significant operations. Such an item affecting the EBIT, if completed, is the translation difference related to the divestment of OOO Pit-Product. The amount of accumulated translation differences related to Pit-Product on December 31, 2020 was EUR -45 million. Translation differences depend on the development of the Ruble exchange rate and are made at the final completion of the transaction.
Atria operates mainly in the retail and Food Service markets in Finland and Sweden. The strong and rapid changes in the global meat market will have a greater impact on the company's development and reduce predictability.
Consumption of poultry meat is expected to continue to increase, while consumption of red meat is expected to decline slightly. Atria has increased its meat exports, and pork exports to China, for example, are expected to increase further during 2021.
The coronavirus pandemic that began in early 2020 and continues in early 2021 has caused strong and rapid changes in the business environment in the food industry. This has hindered the predictability of the company’s development. Immediate effects related to Atria's business have included national restrictions on restaurant operations and public food services, resulting in reduced sales to Food Service customers. During the coronavirus pandemic, the importance of ordinary everyday food has strengthened. The possible weakening of consumer purchasing power will also affect food purchases and may shift the sales structure of Atria's products into an unfavourable direction.