FINLAND: Atria posts largest full year profits since 1995

Finnish meat processor Atria revealed earlier today [Friday] that its pre-tax profit for 2001 would be the largest recorded since the middle of the last decade. A statement commented: “Since operations in the last quarter shaped up to be quite good, the result for the full year will be the best since Finland joined the European Union (in 1995).”

January 11, 2002

Finnish meat processor Atria revealed earlier today [Friday] that its pre-tax profit for 2001 would be the largest recorded since the middle of the last decade.

A statement commented: “Since operations in the last quarter shaped up to be quite good, the result for the full year will be the best since Finland joined the European Union (in 1995).”

Explaining that the discovery of BSE in Finland had not dealt such a large blow to consumer demand for meat as had been expected, Atria posts Q4 net sales up 24% to €176m (US$157.1m). Full-year sales had meanwhile increased by around 5% to €645m.