Finnish meat processor Atria has announced rises in turnover and profit for 2004. It plans further growth, with potential for an acquisition in Russia.
In 2004, the Atria Group’s turnover rose to 833.7 million euros (US$1,033.9 million), compared with 765.1 million in 2003. Operating profit rose to 38.8 million euros, from 30.9 million in 2003.
“In Finland, Atria grew profitably in all of the main product areas,” the company said. “In Sweden, we were able to retain our strong market position and improve profitability even further.” Atria also acquired AS Valga Lihatööstus, the second-largest company in Estonia’s meat sector. “This means that Atria was able to further strengthen its position as the largest manufacturer of meat products in the Baltic Sea region,” it said.
Plans to establish in Russia were at an advanced stage, it said. “The final schedule can only be disclosed once the final decisions are realised,” it said. “An acquisition in Russia is expected to create good opportunities for growth.”