Brief: Atria Q4 EBIT Rises To EUR 12.1 Million

Atria Oyj

13/02/2020 06:18

Feb 13 (Reuters) - Atria Oyj  ATRAV.HE :
    * REG-ATRIA PLC, FINANCIAL STATEMENT RELEASE, 1 JANUARY–31
DECEMBER 2019: ATRIA'S FINANCIAL PERFORMANCE CONTINUED STRONG
DURING THE FOURTH QUARTER
    * Q4 NET SALES EUR 380.0 MILLION VERSUS EUR 376.9 MILLION
YEAR AGO
    * Q4 EBIT EUR 12.1 MILLION VERSUS EUR 6.7 MILLION YEAR AGO
    * ATRIA FINLAND'S PROFITABILITY IMPROVED SIGNIFICANTLY.
EXPORTS OF
PORK TO CHINA CONTINUED TO INCREASE.
    * ATRIA SET AS THEIR GOAL A CARBON-NEUTRAL FOOD CHAIN -
CARBON
FOOTPRINT OF MEAT PRODUCTION IS SIGNIFICANTLY SMALLER IN FINNISH
PRODUCTION THAN INTERNATIONAL AVERAGE.
    * BOARD OF DIRECTORS PROPOSES THAT A DIVIDEND OF EUR 0.42
(EUR
0.40) BE PAID FOR EACH SHARE FOR 2019 FINANCIAL PERIOD.
    * AFRICAN SWINE FEVER, WHICH IS WIDESPREAD IN CHINA, HAS A
MAJOR
AND APPARENTLY LONG-TERM IMPACT ON GLOBAL MEAT TRADE AND ATRIA'S
OPERATIONS
    * IN 2019, ATRIA EXPORTED ALMOST 9 MILLION KILOS OF PORK
FROM
FINLAND TO CHINA (2018: APPROXIMATELY 4 MILLION KILOS). WE
EXPECT EXPORTS TO INCREASE IN 2020
    * OUR MOST IMPORTANT GOAL IS A CARBON-NEUTRAL FOOD CHAIN BY
2035
    * IN 2020, ATRIA GROUP'S EBIT IS ESTIMATED TO BE HIGHER THAN
IN
2019 (EUR 31.1 MILLION)
    * AND PORK EXPORTS TO CHINA, FOR EXAMPLE, ARE EXPECTED TO
INCREASE
DURING 2020

Source text for Eikon:  ID:nGNE3Nsjkm 
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