Finland Times

Tuesday, 27 September, 2022
Home BUSINESSAtria issues profit warning
Tue, 15 Apr, 2014 12:10:01 AM
FTimes Report, April 15
Atria's logo in Helsinki. Photo- Lehtikuva.
Food company group Atria issued a profit warning on Monday citing difficulties in the Russian market as one reasons for the low forecast.
The food company also pointed out over supply of pork and tough competition for the decreased sales in the country and throughout the EU.
Furthermore, Atria explained that Russia's ban on import of pork meat from the EU and the weakening of Russian currency rouble has increased the price of meat raw materials by a third.
The transfer of the increase of cost of raw material to the selling price has not succeeded.
The profit for the whole of this year according to Atria is likely to remain less compared to last year's profit of 37 million euros.
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