2022-09-29 13:30:00 CEST

2022-09-29 13:30:09 CEST


REGULATED INFORMATION

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HKScan Oyj - Inside information

HKScan lowers its financial guidance for 2022


HKScan Corporation, Stock Exchange Release, Inside information, 29 September
2022 at 2.30 p.m. EET

HKScan lowers its financial guidance for 2022

HKScan Corporation has decided to lower the company's financial guidance for
2022. According to the updated guidance, HKScan's comparable EBIT is expected to
decrease from the comparison year, but remain positive. It has been decided to
lower the financial guidance due to the significantly changed situation on the
energy market. The uncertainty in the energy market affects all of HKScan's home
markets and will impact the Group's EBIT despite hedging measures.

HKScan's previous guidance for 2022 published on 10 February 2022

HKScan estimates that the Group's comparable EBIT in 2022 will improve compared
to 2021. Early 2022 comparable EBIT is expected to be weaker than the comparison
period due to inflation, which strongly affects the company's profit
development, and significant imbalances in the international meat and grain
markets. The full-year profit development will be significantly affected by the
development of the international meat and grain market.

HKScan Corporation

Board of Directors

Further information:
Jyrki Paappa, CFO, tel. +358 10 570 2512 or
HKScan Media Service Desk, tel. +358 10 570 5700 or by email:
communications@hkscan.com

At HKScan, we make life tastier - today and tomorrow. Our strategic target is to
grow into a versatile food company. Our responsibly produced, delicious products
are part of consumers' varied food moments - both every day and on special
occasions. We have some 7,000 HKScan professionals applying more than 100 years
of experience to make locally produced food. For us at HKScan, responsibility
means continuous improvements and concrete actions throughout the food chain. As
part of our Zero Carbon programme, we are targeting a carbon-neutral food chain
from farms to consumers by the end of 2040. Our home markets cover Finland,
Sweden, Denmark and the Baltics. Our strong product brands include HK®,
Kariniemen®, Via®, Scan®, Pärsons®, Rose™, Rakvere® and Tallegg®. Through our
strategic partnerships, we are also known for Kivikylän®, Tamminen® and Boltsi
brands. HKScan is a publicly listed company, and in 2021, our net sales totalled
over EUR 1.8 billion.

DISTRIBUTION:

Nasdaq Helsinki
Main media
www.hkscan.com (https://www.hkscan.com/en/)