Finnish meat firm HKScan has booked an increase in third-quarter profit and reaffirmed its full-year guidance.
In the three months to the end of September, the company earned EUR6.9m (US$8.8m), a 23.2% increase on the prior year period. The company said its businesses in Finland, Baltics and Poland recorded “positive progress” and “improved performance” compared to the previous year.
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EBIT amounted to EUR15m compared to EUR14m last year, while net sales edged up 0.8% to EUR623m.
HKScan said it maintains its outlook for 2012, which stated that “due to the weak development of business in Sweden, there is a risk that the group’s EBIT will come out below the level of 2011”.
