Atria specifies its Q4/2008 result estimate Atria Group's operative EBIT in Q4/2008 will be substantially lower than in the same period in 2007 especially due to the result development in Business Area Scandinavia. Atria Scandinavia's result is impacted negatively by the significant weakening of the Swedish krona, continued high raw material costs and the impact on volumes from the general slow down in the economy. Atria Scandinavia has launched an extensive efficiency programme to prepare for a tougher market environment. The measures are expected to generate annual cost savings of approximately 7 million euro and will impact approximately 100 employees across different sites. Atria Group's net sales are expected to grow in 2008, but the operative EBIT is predicted to fall substantially compared with 2007. The Group's Financial Statement Bulletin 2008 will be published on 25 February 2009. For further information contact Matti Tikkakoski, President and CEO of Atria Plc, tel. +358 50 2582. ATRIA PLC Matti Tikkakoski President and CEO DISTRIBUTION: Nasdaq OMX Helsinki Ltd Principal media www.atria.fi
Stock exchange releases | 12.1.2009