Brief: Atria Q1 EBIT Swings To Profit EUR 2.2 Million

Atria Oyj

29/04/2020 06:06

April 29 (Reuters) - Atria Oyj  ATRAV.HE :
    * INTERIM REPORT OF ATRIA PLC, 1 JANUARY-31 MARCH 2020:
ATRIA'S
NET SALES AND EBIT INCREASED IN AN UNSTABLE BUSINESS ENVIRONMENT
    * Q1 NET SALES EUR 356.7 MILLION VERSUS EUR 336.4 MILLION
YEAR AGO
    * Q1 EBIT EUR 2.2 MILLION VERSUS LOSS EUR 2.8 MILLION YEAR
AGO
    * IN 2020, ATRIA GROUP'S EBIT IS ESTIMATED TO BE HIGHER THAN
IN
2019 (EUR 31.1 MILLION).
    * INCREASED ITS MEAT EXPORTS, AND PORK EXPORTS TO CHINA, FOR
EXAMPLE, ARE EXPECTED TO INCREASE DURING 2020.
    * CONSUMPTION OF POULTRY MEAT IS EXPECTED TO CONTINUE TO
INCREASE
    * CONSUMPTION OF RED MEAT IS EXPECTED TO DECLINE SLIGHTLY.
    * DURING CORONAVIRUS EPIDEMIC, IMPORTANCE OF DAILY FOOD IS
EXPECTED TO STRENGTHEN.
    * POSSIBLE WEAKENING OF CONSUMER PURCHASING POWER WILL ALSO
AFFECT
FOOD PURCHASES AND MAY SHIFT SALES STRUCTURE OF ATRIA'S PRODUCTS

Source text for Eikon:  ID:nWkr6H4r1k 
Further company coverage:  ATRAV.HE 

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