ATRIA'S EARNINGS LESS THAN LAST YEAR Atria's operations have undergone a powerful development. Turnover for the first quarter increased by 19,5% with the second quarter also producing good growth. The market share of Atria products continues to increase. The prices of raw materials have risen significantly this year. The international meat market situation has improved and prices have risen. Indeed, Atria's meat production has been able to significantly improve its result. However, the corresponding rise in the price of raw materials has had an impact on profits in the meat product and convenience food industries. This especially applies to Atria's Swedish subsidiary, Lithells, the profit performance of which is clearly below that of last year. The cool spring has also impaired consumer demand for meat products. Atria's second quarter IAS result for last year included extraordinary earnings of 3 million euro due to the accounting of disability pensions, which is not the case this year. Atria's earnings for the second quarter result will be lower than last year. It is difficult to estimate at this stage what the earnings for the whole year will be, but good sales development and the strengthening of Atria's market position continue to compensate for the earnings loss due to the rise in raw material prices Atria will be reporting on Russia in the near future Atria will be reporting on its possible intentions in the Russian market in the near future. The objective has been that Atria would further strengthen its market-leader position in the Baltic Sea region as a producer of meat products. At the present time, Atria has industrial operations in Estonia and Lithuania, in addition to Finland and Sweden. ATRIA GROUP PLC Seppo Paatelainen CEO DISTRIBUTION Helsinki Exchanges Principal media www.atria.fi
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