GLOBAL MEAT MARKET SITUATION SLOWS ATRIA'S PROFIT GROWTH IN FINLAND Atria Finland's Q1 result will fall clearly short of last year's operative EBIT due to the higher prices of raw material and other materials and supplies and difficulties in the wholesale and export markets. The company also expects a year-over-year drop in its Q2 operating profit in the Finnish business area. Contrary to previous announcements, Atria predicts that the Group's operative EBIT in 2008 will be lower than that in 2007. Earlier this year, the company launched a restructuring programme in Finland, the goal being to improve cost-effectiveness and enhance production. The programme is expected to generate annual cost savings of approximately EUR 4 million. The company's Q1 result will be published on 6 May 2008. Further information is available from Matti Tikkakoski, President and CEO of Atria Group Plc, tel. +358 50 2582. ATRIA GROUP PLC Matti Tikkakoski President and CEO DISTRIBUTION: Helsinki Stock Exchange Main media www.atria.fi
Stock exchange releases | 15.4.2008