Atria Oyj - Company Announcement

Atria will discontinue primary pork production in Russia and all production operations in Moscow - investments in the operations in St Petersburg will continue

Seinäjoki, Finland, 2013-10-21 11:15 CEST (GLOBE NEWSWIRE) -- Atria Plc Company
Announcement 21 October 2013 at 12.15 pm 

Atria will discontinue primary pork production in Russia and all production
operations in Moscow - investments in the operations in St Petersburg will
continue 

Atria will discontinue the unprofitable primary pork production at the
Campofarm farm. Production at the pork farm will be discontinued as soon as
possible. 

Furthermore, the Campomos industrial production and logistics unit located in
Moscow will be discontinued by the end of 2014. Pizza production will be
transferred to the Gorelovo plant in St Petersburg, where investments amounting
to EUR 4.6 million will be made. Sales in Moscow will continue under the
Campomos brand. 

Atria will recognise EUR 25.0 million of non-recurring costs

Due to the discontinuation of primary pork production and of production
operations in Moscow, Atria will recognise a total of EUR 25.0 million of
non-recurring costs, EUR 17.4 million of which will be allocated to EBIT. 

Of the non-recurring costs recognised as write-downs, EUR 14.3 million will be
allocated to fixed assets, EUR 7.6 million to deferred tax assets and EUR 1.1
million to other assets. The write-downs, which total EUR 23.0 million, will
have no effect on cash flow and will be recognised in Q3/2013. Furthermore, EUR
2.0 million will be recognised in Q4/2013 as a provision for expenses related
to the discontinuation of the aforementioned operations. 

For more information, please contact Juha Gröhn, CEO, Atria Plc, tel. +358 400
684 224. 


ATRIA PLC
Juha Gröhn
CEO

DISTRIBUTION
Nasdaq OMX Helsinki Ltd
Principal media
www.atriagroup.com