Atria sold its fast food business in Russia

16.5.2022 12:00

Atria Plc     Company Announcement, other information to be disclosed in accordance with the rules of the stock exchange    16 May 2022, 12.00 am

Atria sold its fast food business in Russia

Atria has sold its fast food business Sibylla Rus LLC to Limited Liability Company Agricultural Complex Mikhailovskiy, which is part of the Cherkizovo Group. The sales price is approximately EUR 8 million. The transaction does not include the Sibylla trademark.

The net sales of the fast food company operating in Russia has been approximately 2 percent of the Atria Group's total net sales and the business has been profitable. The fast food business is reported in the Atria Sweden segment.

Atria will record a capital gain of approximately EUR 2 million from the divestment. In addition, a translation loss of approximately EUR 10 million is recorded from the transaction. The translation loss is recognized in EBIT, but it has no effect on the Group's equity nor cash flow.

For more information, please contact Tomas Back, CFO of Atria Plc, tel. +358 50 577 4086.

Atria Plc
Juha Gröhn

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