2013-07-25 07:00:00 CEST

2013-07-25 07:00:04 CEST


REGULATED INFORMATION

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

Interim report of Atria Plc 1 January - 30 June 2013 


Atria's net sales and EBIT continued to grow

Seinäjoki, Finland, 2013-07-25 07:00 CEST (GLOBE NEWSWIRE) -- Atria Plc 
Company Announcement 25 July 2013 at 8.00 am 

INTERIM REPORT OF ATRIA PLC 1 JANUARY -30 JUNE 2013

Atria's net sales and EBIT continued to grow

1 January - 30 June 2013
- Consolidated EBIT was EUR 10.9 million (EUR 5.8 million).
- Consolidated net sales totalled EUR 692.0 million (EUR 641.8 million).
- Atria Finland's EBIT was EUR 14.1 million (EUR 13.0 million).
- Atria Scandinavia's EBIT was EUR 1.8 million (EUR 1.9 million).
- Atria Russia's EBIT was EUR -2.8 million (EUR -5.3 million).
- Atria Baltic's EBIT was EUR -0.4 million (EUR -0.9 million).
- The Group's equity ratio was 40.6 per cent (31 December 2012: 41.5 %).

1 April - 30 June 2013
- Consolidated net sales in Q2/2013 totalled EUR 363.6 million (EUR 333.3
million) and consolidated EBIT was EUR 7.7 million (EUR 5.7 million). 
- Atria Finland's net sales totalled EUR 230.9 million (EUR 204.6 million), up
by EUR 26.3 million year-on-year. 
- Atria Russia's net sales totalled EUR 0.4 million (EUR -2.0 million), up by
EUR 2.4 million year-on-year. 


                            Q2     Q2     H1     H1         
                        ------------------------------------
EUR million               2013   2012   2013   2012     2012
------------------------------------------------------------
Net sales                363.6  333.3  692.0  641.8  1,343.6
EBIT                       7.7    5.7   10.9    5.8     30.2
EBIT, %                    2.1    1.7    1.6    0.9      2.2
Profit before taxes        4.1    2.8    4.8   -0.2     18.9
Earnings per share, EUR   0.10   0.05   0.06  -0.14     0.35
Non-recurring items*       0.0    0.0    1.1    0.0     -0.5

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


Review 1 April - 30 June 2013

Atria Group's net sales for April-June totalled EUR 363.6 million (EUR 333.3
million), up by EUR 30.3 million year-on-year. EBIT was EUR 7.7 million (EUR
5.7 million), up by EUR 2.0 million year-on-year. 

Atria Finland's net sales for April-June totalled EUR 230.9 million (EUR 204.6
million), up by EUR 26.3 million year-on-year. EBIT was EUR 7.4 million (EUR
7.8 million), down by EUR 0.4 million year-on-year. Net sales and market share
strengthened significantly during the period under review. The decrease in
export prices due to the weakening of the global meat market weighed down the
growth in EBIT. 

Atria Scandinavia's net sales for April-June totalled EUR 98.1 million (EUR
95.0 million), up by EUR 3.1 million year-on-year. In the local currency, net
sales were at the previous year's level. EBIT was EUR 1.8 million (EUR 1.8
million). The persistently high prices of Swedish meat raw material and the
increased marketing efforts weighed down EBIT development. 

Atria Russia's net sales for April-June totalled EUR 31.5 million (EUR 31.3
million). In the local currency, net sales increased by 3.2 per cent
year-on-year. EBIT was EUR 0.4 million (EUR -2.0 million), up by EUR 2.4
million year-on-year. Efficiency improvement measures had a positive effect on
the result for industrial operations. The poor profitability of primary
production continued to weigh down second-quarter profits. 

Atria Baltic's net sales for April-June totalled EUR 9.3 million (EUR 9.1
million). EBIT was EUR 0.0 million (EUR -0.4 million), up by EUR 0.4 million
year-on-year. 

Review 1 January - 30 June 2013

Atria Group's net sales for January-June totalled EUR 692.0 million (EUR 641.8
million), up by EUR 50.2 million year-on-year. EBIT was EUR 10.9 million (EUR
5.8 million), up by EUR 5.1 million year-on-year. 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 in Forssa. 

In March, Atria issued a fixed-interest bond worth EUR 50 million. The funds
received are 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 debt. The bonds are publicly traded on the NASDAQ OMX Helsinki Ltd stock
exchange. 

The Group's free cash flow for the period under review (operating cash flow -
cash flow from investments) was EUR -1.0 million (EUR -9.6 million), and net
liabilities were EUR 364.4 million (EUR 419.8 million). 

Atria Finland's net sales for January-June totalled EUR 436.0 million (EUR
393.0 million), up by EUR 43.0 million year-on-year. EBIT was EUR 14.1 million
(EUR 13.0 million), up by EUR 1.1 million year-on-year. 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 in Forssa. The high price of domestic meat
raw material and the decrease in export prices due to the weakening of the
global meat market weighed down the growth in EBIT. 

Atria Scandinavia's net sales for January-June totalled EUR 192.3 million (EUR
184.5 million), up by EUR 7.8 million year-on-year. In the local currency, net
sales grew by 1.2 per cent year-on-year. EBIT was EUR 1.8 million (EUR 1.9
million). The high prices of meat raw material and the increased marketing
efforts weighed down EBIT development. 

Atria Russia's net sales for January-June totalled EUR 58.9 million (EUR 59.6
million). In the local currency, net sales grew by 1.2 per cent year-on-year.
EBIT was EUR -2.8 million (EUR -5.3 million), up by EUR 2.5 million
year-on-year. The result for industrial operations improved considerably and
the launched efficiency improvement measures generated the planned profits. The
weakening of primary production profitability, which started at the end of last
year, weighed down first-half profits. 

Atria Baltic's net sales for January-June totalled EUR 16.6 million (EUR 17.0
million), down by EUR 0.4 million year-on-year. EBIT was EUR -0.4 million (EUR
-0.9 million), up by EUR 0.5 million year-on-year. 


Key indicators                                                
EUR million                         30.6.13  30.6.12  31.12.12
--------------------------------------------------------------
Shareholders´ equity per share EUR    14,78    14,59     15,15
Interest-bearing liabilities          382,6    425,1     370,5
Equity ratio, %                        40,6     39,1      41,5
Gearing, %                             90,8    102,3      85,9
Net gearing, %                         86,5    101,0      84,3
Gross investments in fixed assets      20,7     25,7      56,2
% of net sales                          3,0      4,0       4,2
Average FTE                           4 749    5 038     4 898


Outlook for the future

Consolidated EBIT was EUR 30.2 million in 2012. In 2013, it is expected to be
higher. Growth in net sales is expected for 2013. 

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 - 30
JUNE 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 25 July 2013 at
9:30 am at Atria offices in Helsinki, address Läkkisepäntie 23, Helsinki. 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
Board of Directors


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