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.
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”.