Meat group Atria today (6 May) booked a first-quarter operating loss and reiterated the profit warning it issued last month.

Operating earnings in the three months to the end of March fell from EUR3.2m (US$4.45m) last year to a loss of EUR2.5m. Sales dipped to EUR327m, compared to EUR328.4m last year.

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The Finland-based company said last month its annual EBIT is expected to fall “clearly short” of last year’s EUR37m.

“The EBIT forecast was adjusted due to the difficult conditions in the Finnish and Russian meat markets. A glut of pork and tougher competition have decreased sales prices both in Finland and elsewhere in the EU,” Atria added today.

Full-year net sales are, however, expected to be up on last year’s level.

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