Feb 12 โ€ข 06:22 UTC ๐Ÿ‡ซ๐Ÿ‡ฎ Finland Yle Uutiset

Atria food company's revenue and profit increased

Atria's revenue grew to nearly 477 million euros in the last quarter, alongside a significant rise in adjusted operating profit, attributed to strong retail sales and the start of chicken exports to China.

Atria, a Finnish food company, announced a substantial increase in its revenue and profit for the last quarter of the year, reaching nearly 477 million euros, which is 30 million euros more than the previous year. The adjusted operating profit also rose to 14 million euros during this period, illustrating a strong performance attributed to various market factors. The overall revenue for Atria in the previous year amounted to 1.8 billion euros, with an adjusted profit nearing 70 million euros, marking some of the best results in the company's history.

The growth in Atria's revenue can be significantly linked to robust retail sales in both Finland and Sweden, indicating a favorable market environment despite challenges faced in other regions. Additionally, the initiation of chicken meat exports to China has had a positive impact on Atria's bottom line in Finland, strengthening its position in the competitive food market. The company's strategic moves, including expansion into new markets, reflect an adaptive and proactive business approach.

However, Atria also faced challenges, particularly in Denmark and Estonia, where local revenue was negatively impacted by supply issues related to African swine fever, affecting the availability of meat raw materials in Estonia. Despite these hurdles, Atria's decision to increase dividends, announcing a payout of 0.75 euros per share from last year, demonstrates confidence in its ongoing profitability and future growth prospects, emphasizing its commitment to returning value to shareholders.

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