2013-04-26 07:00:06 CEST

2013-04-26 07:00:18 CEST


REGULATED INFORMATION

Finnish English
Atria Oyj - Interim report (Q1 and Q3)

Interim Report of Atria Plc 1 January - 31 March 2013 


Atria Group's net sales and EBIT improved

Seinäjoki, Finland, 2013-04-26 07:00 CEST (GLOBE NEWSWIRE) -- Atria Plc  
Interim Report   26 April  2013 at 8.00 am 


INTERIM REPORT OF ATRIA PLC 1 January-31 March 2013

Atria Group's net sales and EBIT improved

- EBIT amounted to EUR 3.2 million (EUR 0.1 million).
- Net sales amounted to EUR 328.4 million (EUR 308.6 million).
- Atria Finland's EBIT was EUR 6.7 million (EUR 5.2 million).
- Atria Scandinavia's EBIT was EUR 0.1 million (EUR 0.2 million).
- Atria Russia's EBIT came to EUR -3.1 million (EUR -3.3 million).
- Atria Baltic's EBIT was EUR -0.4 million (EUR -0.5 million).
- The Group's equity ratio was 41.5 per cent (31 December 2012: 41.5 %)

                              Q1              
                        ----------------------
EUR million               2013   2012     2012
----------------------------------------------
Net sales                328.4  308.6  1,343.6
EBIT                       3.2    0.1     30.2
EBIT, %                    1.0    0.0      2.2
Profit before taxes        0.7   -3.0     18.9
Earnings per share, EUR  -0.03  -0.19     0.35
Non-recurring items*       1.1    0.0     -0.5

*Non-recurring items are included in the reported figures.

Review 1 January-31 March 2013

Atria Group's net sales for January-March totalled EUR 328.4 million (EUR 308.6
million), showing growth of EUR 19.8 million year-on-year. EBIT improved by EUR
3.1 million year-on-year, amounting to EUR 3.2 million (EUR 0.1 million). EBIT
includes a non-recurring profit of EUR 1.1 million resulting from a reversal of
impairment on a property that had been for sale. The property will be used in
the company's own production. 

Atria issued a EUR 50 million bond with fixed interest rate during the review
period. The funds received will be used for refinancing and for the Group's
general financing needs. The loan period is five years and a coupon rate of
4.375 per cent is payable on the loan. The bonds are subject to public trade on
the NASDAQ OMX Helsinki Ltd stock exchange. 

The Group's free cash flow for the period (operating cash flow - cash flow from
investments) was EUR -3.8 million (EUR -5.5 million), and net liabilities were
EUR 372.1 million (EUR 411.6 million). 

Atria Finland's net sales for January-March totalled EUR 205.1 million (EUR
188.5 million), up by EUR 16.6 million year-on-year. EBIT improved by EUR 1.5
million year-on-year, amounting to EUR 6.7 million (EUR 5.2 million). EBIT
includes a non-recurring profit of EUR 1.1 million resulting from a reversal of
impairment on a property that had been for sale. The property will be used in
the company's own production. Higher sale prices and slightly higher sales
volumes also improved EBIT. The prices of meat raw materials continued to rise. 

Atria Scandinavia's net sales for January-March totalled EUR 94.2 million (EUR
89.5 million), representing an increase of EUR 4.7 million year-on-year. In the
local currency, net sales grew by 1.5 per cent year-on-year. EBIT amounted to
EUR 0.1 million (EUR 0.2 million). The prices of meat raw materials have
remained high, which impaired EBIT development. 

Atria Russia's net sales for January-March amounted to EUR 27.4 million (EUR
28.3 million). In the local currency, net sales decreased by 1.0 per cent
year-on-year. EBIT was EUR -3.1 million (EUR -3.3 million). The result for
industrial operations improved, and efficiency improvement measures showed
results. The weakening of primary production profitability, which started in
the latter part of last year, continued to impair performance at the beginning
of the year. 

Atria Baltic's net sales for January-March totalled EUR 7.2 million (EUR 7.9
million), representing a fall of EUR 0.7 million year-on-year. EBIT was EUR
-0.4 million (EUR -0.5 million), an improvement of EUR 0.1 million
year-on-year. 

Key indicators                                                
EUR million                         31.3.13  31.3.12  31.12.12
--------------------------------------------------------------
Shareholders´ equity per share EUR    15.24    14.94     15.15
Interest-bearing liabilities          379.7    420.0     370.5
Equity ratio, %                        41.5     40.1      41.5
Gearing, %                             87.4     98.8      85.9
Net gearing, %                         85.7     96.8      84.3
Gross investments in fixed assets       8.8     11.0      56.2
% of net sales                          2.7      3.6       4.2
Average FTE                           4,670    4,991     4,898

Outlook for the future

The Group's EBIT was EUR 30.2 million in 2012. In 2013, it is expected to be
higher. Some growth in net sales is expected for 2013. 

Dividend distribution proposal

The Board of Directors proposes that a dividend of EUR 0.22 be paid for each
share for the financial year 2012. 

Publication procedure

Atria Plc complies with the publication procedure in accordance with standard
5.2b of the Financial Supervisory Authority and publishes its 1 JANUARY - 31
MARCH 2013 interim report release as an attachment to this company
announcement. The full interim report is available on the company's website at
www.atriagroup.com. 

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

Invitation to a press conference

A press conference conducted in Finnish will be arranged today 26 April 2013 at
9:30 am at Finlandia Hall, in the Elissa room. Entrance is through door M3. The
presentation material will be available on the company's website
(www.atriagroup.com/en/investors/FinancialInformation/quarterlyreports) after
the distribution of the interim report and as an attachment to this company
announcement. 


ATRIA PLC
Juha Gröhn
CEO


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