Growing sales and profits in Scandinavia has buoyed Finland-based food group Atria, the company said today (8 November).
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Atria saw operating profit soar almost 52% to EUR19.3m (US$28.3m), outpacing sales growth of 14.6% during the third quarter of the year. Turnover reached EUR312.8m
Sales and profits rose in Finland and in Scandinavia as a whole amid the integration of the Sardus business Atria bought last year.
In Atria’s Baltic markets, profits were boosted after the closure of a site in Lithuania. In Russia, the company’s sales suffered due, it said, to its unwillingness to be dragged into a price war.
Atria last month announced plans to invest about SEK10m (US$1.5m) in its ready meals factory near Malmo, Sweden, as a result of cooperation with supermarket chain ICA.
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