Atria.com logo
Stock exchange releases | 27.10.2009

Recession affecting sales volumes, yet performance satisfactory in current market conditions

INTERIM REPORT OF ATRIA PLC, 1.1.-30.9.2009                                     

RECESSION AFFECTING SALES VOLUMES, YET PERFORMANCE SATISFACTORY IN CURRENT      
MARKET CONDITIONS                                                               

- The Group's net sales since the beginning of the year decreased by 2% from    
last year's level                                                               
- Calculated in fixed currencies, the Group's net sales increased by 3%         
- The Group's profitability is at a satisfactory level                          
- Atria Finland's EBIT represented 5.5% of net sales in the review period       
- Atria Russia's earnings improvement accelerated during Q3                     
- Free cash flow is positive for the review period                              



Atria Group                                                                     
                               Q3/        Q3/       Q1-Q3    Q1-Q3              
EUR million                    2009       2008       2009     2008     2008     
---------------------------------------------------------------------------     
Net sales                     327.5      357.7      975.6    995.8  1,356.9     
EBIT                           16.9       17.2       23.6     34.6     38.4     
EBIT %                          5.2        4.8        2.4      3.5      2.8     
Profit before taxes            14.4       14.0       13.3     25.1     16.7     
Earnings per share, EUR        0.35       0.37       0.29     0.62     0.42     


Review Q3/2009                                                                  

Atria Group's Q3/2009 net sales showed an 8.4% decline year on year. Calculated 
in fixed currencies, the Group's net sales showed a year-on-year decrease of    
4.8%. The recession has lowered demand in all of Atria's business areas. The    
Group's EBIT in Q3 was EUR 16.9 million, representing 5.2% of net sales.        

As a result of successful management of product margins and costs, Atria        
Finland's EBIT improved slightly from the figure for the corresponding period in
2008. To ensure future competitiveness, an efficiency improvement programme was 
launched during the review period. The effects of the programme will begin      
emerging gradually at the end of the year and will be fully realised by Q3/2010.

Calculated in fixed currencies, Atria Scandinavia's comparable net sales        
(excluding the net sales of the Lätta Måltider unit) decreased by 4.9%. As a    
result of a more stable Swedish krona, better raw material prices, an improved  
sales structure, and efficiency improvements, Atria Scandinavia's profitability 
showed improvement since the beginning of the year.                             

Atria Russia's net sales increased by 26.4% year on year. The earnings          
improvement continues to develop positively. The operating loss of Campomos     
decreased markedly, and, because of the good profitability of Pit-Product, only 
a slight operational loss was posted. The integration and efficiency improvement
of Campomos, which was acquired toward the end of last year, has progressed as  
planned.                                                                        

The Group's free cash flow for Q3/2009 was positive, and interest-bearing debt  
fell by EUR 7.7 million.                                                        


Atria Finland, 1.1.-30.9.2009                                                   
                               Q3/        Q3/     Q1-Q3    Q1-Q3                
EUR million                  2009       2008       2009     2008     2008       
---------------------------------------------------------------------------     
Net sales                     190.8      208.3      574.4    591.7    797.9     
EBIT                           13.9       13.3       31.7     22.1     33.9     
EBIT %                          7.3        6.4        5.5      3.7      4.2     

Atria Finland's net sales over the review period fell short of last year's      
level. Atria estimates that its overall market share in the retail market has   
decreased slightly. This decrease has been the most notable in the area of      
retailers' private lable production. Atria Fresh, a new type of line of         
convenience food products, was successfully launched in early September. Sales  
of barbecue products over the summer were also a success.                       

Pig slaughtering volumes are lower than last year, which decreased Atria's      
export sales during the period under review. The production of pork decreased by
5.1% in Finland in comparison to the corresponding period in 2008 (source:      
Suomen Gallup Elintarviketieto Oy, October 2009). Atria's pork processing       
volumes decreased by some 4%. Thus, Atria was able to increase its procurement  
share of domestic pork.                                                         

The poultry slaughtering volume also has been adjusted in response to lower     
demand. The downward trend in sales of the Food Service products, which first   
emerged during the autumn of 2008, has also had an effect on the development of 
net sales.                                                                      

The EBIT figure was somewhat better in Q3/2009 than in the previous year. The   
Q3/2009 EBIT was 7.3% of net sales, while the review period's EBIT was 5.5% of  
net sales. Atria Finland's performance improvement can be considered good under 
current market conditions. The positive development is due to successful        
management of product margins and costs and the discontinuation of unprofitable 
products.                                                                       

To ensure future competitiveness, Atria Finland launched a comprehensive        
efficiency improvement programme with which it seeks to achieve annual savings  
of approximately EUR 5 million in its cost structure. The effects of the        
programme will emerge gradually, starting at the end of the year, and will be   
fully realised by Q3/2010.                                                      

Overall market development in 2010 is expected to be weaker than that for 2009. 
Both the employment situation and the pressure on food prices have an effect on 
the development of the food product market. To respond to the challenging market
conditions, Atria aims to further reduce costs and improve efficiency.          


Atria Scandinavia, 1.1.-30.9.2009                                               

                                 Q3/        Q3/     Q1-Q3    Q1-Q3              
EUR million                    2009       2008       2009     2008     2008     
---------------------------------------------------------------------------     
Net sales                     104.4      124.5      306.4    342.8    455.2     
EBIT                            4.7        3.9        6.6     15.6     14.4     
EBIT %                          4.5        3.1        2.2      4.6      3.2     

Atria Scandinavia's net sales for the period were down year on year, mostly due 
to the sales of the Lätta Måltider unit and the weakening of the Swedish krona. 
Calculated in fixed currencies, Q3/2009 comparable net sales (excluding the net 
sales of the Lätta Måltider unit) saw a decrease of 4.9%. The decline in sales  
of consumer-packed meat, Foodservice products, and cheeses has also had an      
effect in the weak development of net sales.                                    

Atria Scandinavia's market shares have remained stable. Recession weakens       
demand, especially for the Foodservice products.                                

The review period's EBIT has decreased notably from last year's level. The fall 
is mainly a result of the weak Swedish krona and the loss-making salad and      
sandwich business, which was sold in Q2/2009. Atria Scandinavia purchases a     
large proportion of its raw materials from abroad, and the price of import goods
has risen on account of the weaker krona. As a result of the more stable krona  
and raw material prices and the improved sales structure, profitability improved
during Q3. The efficiency improvement programme launched in early 2009 also had 
a positive effect on the earnings for the period.                               

Atria Scandinavia has announced the launch of an extensive efficiency           
improvement programme to restructure its production and logistics in the Deli   
business unit. The net reduction in personnel will be about 77 employees.       

Restructured business and centralised production and logistics will make for a  
stronger and sleeker Atria Deli product range and generate considerable cost    
savings. Market conditions and raw material prices are expected to remain stable
in the last part of the year.                                                   

After Christer Åberg transferred to another employer, Michael Forsmark, 44, with
a B.Sc. degree in business administration, was appointed as Executive Vice      
President Atria Scandinavia and a member of the Atria Group Management Team,    
effective from 1 October 2009.                                                  


Atria Russia, 1.1.-30.9.2009                                                    

                                 Q3/        Q3/     Q1-Q3    Q1-Q3              
EUR million                    2009       2008       2009     2008     2008     
---------------------------------------------------------------------------     
Net sales                      28.7       22.7       83.1     58.3     93.8     
EBIT                           -0.5        1.9       -9.4      2.3     -3.4     
EBIT %                         -1.7        8.4      -11.3      3.9     -3.6     

Atria Russia's net sales for the period increased significantly year on year,   
which is mainly due to the consolidation of Campomos, acquired last autumn, into
Atria. However, the weakening of the Russian rouble against the euro weighed    
down the growth in net sales.                                                   

The Q3/2009 improvement in EBIT in comparison to Q2/2009 was due to the         
successful integration of Pit-Product and Campomos. The Q3 operating loss of    
Campomos showed a significant decrease and, because of the good profitability of
Pit-Product, only a slight operational loss was posted for Atria Russia. With   
the weak rouble, prices of imported raw materials remained high. If the rouble  
holds steady, there will be no significant pressure for the price of raw        
materials to increase in the final part of the year.                            

Atria's market share in modern retail trade in the St Petersburg region remains 
strong at 27%. The market share in Moscow also remains stable.                  

During the review period, Atria Russia continued to implement its efficiency    
improvement programme, aimed at improving the cost-efficiency of the Russian    
operations. The synergies of the St Petersburg and Moscow plants will be more   
effectively utilised, and products and accounts with poor profitability will be 
discontinued.                                                                   

The revamping of Campomos marketing as regards the brand, productisation and    
advertising was initiated during the review period. The investment amounts to   
approximately EUR 1 million, the cost effect of which will mostly be seen in    
Q4/2009.                                                                        

Atria aims to have Campomos EBIT back in the black during 2010.                 

The start-up of the new production plant in Gorelovo is expected to take place  
in the beginning of 2010, having been postponed because of lack of water and    
drain connections. The start-up of the Gorelovo plant will increase fixed costs 
by approximately EUR 4 million annually from the beginning of 2010.             


Atria Baltic, 1.1.-30.9.2009                                                    

                                 Q3/       Q3/      Q1-Q3/   Q1-Q3/             
EUR million                    2009       2008       2009     2008     2008     
---------------------------------------------------------------------------     
Net sales                       9.3        9.6       28.6     21.5     32.3     
EBIT                           -0.9       -0.9       -3.4     -3.1     -3.8     
EBIT %                         -9.7       -9.4      -11.9    -14.4    -11.8     

Atria Group's Q3/2009 net sales in Estonia remain at the same level as that seen
last year. Atria's performance in Estonia in Q3/2009 was unsatisfactory but     
somewhat better than in Q2/2009. The Q3 result includes EUR 0.2 million in costs
related to the efficiency improvement programme.                                

The overall demand in the Estonian market remains weak. Retail sector volumes   
have decreased by 16% in comparison to 2008. At the same time, the price of food
has decreased by 5.1% (source: Estonian Statistical Board, August 2008 - August 
2009). A rapid increase of demand is not likely.                                

Atria introduced poultry products as a new product group in October. The initial
sales figures are promising. Atria has renewed the product range with key       
customers to make it more consumer-oriented. In comparison to the summer,       
Atria's position in terms of the range of products offered in stores has        
improved during the autumn. The market share of Atria Baltic's brands was 22%   
for cold cuts (source: AC Nielsen).                                             

Atria Baltic's efficiency improvement programme will generate cost savings of   
approximately EUR 1.5 million in 2010. Staffing will be reduced by approximately
100 employees.                                                                  


Investments                                                                     

The Group's investments totalled EUR 5.0 million in Q3 and EUR 21.6 million     
since the beginning of the year.                                                


Personnel                                                                       

The Group had an average of 6,313 (5,840) employees during the period.          


Personnel by business area                                                      

                      Q1-Q3/2009   Q1-Q3/2008                                   
Atria Finland         2,243        2,382                                        
Atria Scandinavia     1,445        1,681                                        
Atria Russia          1,992        1,291                                        
Atria Baltic            633          486                                        
Atria Plc's administration                                                      

The Atria Plc Board of Directors now has the following membership: Chairman     
Martti Selin; Vice Chairman Timo Komulainen; and members Tuomo Heikkilä, Esa    
Kaarto, Runar Lillandt, Harri Sivula, and Matti Tikkakoski.                     


Financing                                                                       

Atria Plc's financial position remains strong. On 30 September 2009, the amount 
of undrawn committed credit facilities stood at EUR 166 million.                

During the Q3 period, as in Q1 and Q2, compensation in the amount of EUR 1.5    
million for the delay of the meat product plant in Gorelovo, St Petersburg, was 
recorded under interest income.                                                 


Short-term business risks                                                       

There were no significant changes in Atria's short-term risks during the first  
three quarters. The recession lowers demand in all of the Group's business      
areas, which puts pressure on food prices.                                      

The Gorelovo meat product plant is expected to be completed in the beginning of 
the next year, and the aim is to minimise the risks related to the start of     
production.                                                                     

Because of the financial crisis, credit risks are higher than a year ago.       


Outlook for the future                                                          

The slowing of economic growth and the resultant weaker consumer demand will    
have an effect on Atria's sales volumes. Moreover, the discontinuation of the   
salad and sandwich business in Sweden and of business with unprofitable         
customers in Russia, as well as the weaker Swedish krona and Russian rouble,    
will result in the Group's full-year net sales remaining somewhat lower than in 
2008.                                                                           

As a consequence of improved operational effectiveness and more stable currency 
rates, Atria Russia and Atria Scandinavia are expected to see improved Q4       
results year on year. However, as a result of weak performance near the         
beginning of 2009, full-year earnings in Russia and Scandinavia will remain     
below last year's level. Atria Finland's full-year EBIT is expected to grow year
on year, but the Group's full-year EBIT is predicted to fall slightly in        
comparison to 2008.                                                             


The Board's authorisation for share issues and the granting of special rights   

The General Meeting of 29 April 2009 authorised the Board of Directors to       
decide, on one or several occasions, on an issue of a maximum of 12,800,000 new 
A shares or on any A shares held by the company through a share issue and/or by 
granting option rights or other special rights entitling people to shares as    
referred to in Chapter 10, Section 1 of the Companies Act. The authorisation may
be exercised for the financing or execution of any acquisitions or other        
arrangements or investments related to the company's business, for the          
implementation of the company's incentive programme, or for other purposes      
subject to the Board's decision.                                                

The Board is also authorised to decide on all terms and conditions of the share 
issue and for the granting of special rights as referred to in Chapter 10,      
Section 1 of the Companies Act. The authorisation thus includes the right also  
to issue shares in deviation from the proportion of the shares held by the      
shareholders under the conditions provided by law, the right to issue shares    
against or without payment, and the right to decide on a share issue to the     
company itself without payment - subject to the provisions of the Companies Act 
regarding the maximum number of treasury shares to be held by a company.        

The authorisation shall supersede all other share issue authorisations in force,
including authorisation for a reserve increase, and be valid until the closing  
of the next Annual General Meeting, but no later than until 30 June 2010.       


Purchase of treasury shares and valid authorisations                            

The General Meeting authorised the Board of Directors to decide, on one or      
several occasions, on the acquisition of a maximum of 2,800,000 of the company's
own A shares with funds belonging to the company's unrestricted equity, subject 
to the provisions of the Companies Act regarding the maximum number of treasury 
shares to be held by a company. Shares in the company's A series may be acquired
for use as consideration in any acquisitions or other arrangements related to   
the company's business; to finance investments; as part of the company's        
incentive scheme; to develop the company's capital structure; and to be         
otherwise further transferred, retained by the company, or cancelled.           

The Board of Directors may also decide to acquire A shares in deviation from the
proportion of the shares held by the shareholders. The shares shall be acquired 
in public trading arranged by NASDAQ OMX Helsinki Ltd at the market price at the
time of acquisition. The shares shall be acquired and paid for in accordance    
with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Oy.             

The General Meeting authorised the Board of Directors to decide on the          
acquisition of treasury shares in all other respects.                           

The authorisation shall be valid until the closing of the next Annual General   
Meeting, but no later than until 30 June 2010.                                  


KEY FIGURES                                                                     

EUR million                                             1-9/09   1-9/08  1-12/08

Equity per share (EUR)                                   15.38    16.73    15.34
Interest-bearing liabilities                             441.1    407.4    448.4
Equity ratio (%)                                          39.9     43.2     38.4
Gearing (%)                                              101.1     87.2    103.1
Net gearing (%)                                           95.4     81.6     94.6
Gross investments in fixed assets                         21.6     91.3    152.6
Gross investments, of net sales (%)                        2.2      9.1     11.2
Average number of personnel                              6,313    5,840    6,135


Accounting principles                                                           

This interim report has been compiled in accordance with the IAS 34 Interim     
Financial Reporting standard. Atria has applied the same principles in preparing
this interim report as in preparing the 2008 annual financial statements.       
However, with effect from 1 January 2009, the Group has adopted the following   
standards published by the IASB, included in the accounting principles for the  
2008 annual financial statements:                                               

- IAS 1, Presentation of Financial Statements. The aim of the revision is to    
improve the ability of users to analyse and compare the data provided in        
financial statements by separating changes in equity related to transactions    
with company owners from other changes in equity. The revision will also lead to
comprehensive modifications of the terminology used in other standards and to   
changes in the titles of some financial statements.                             

- IFRS 8, Segment Reporting. The standard replaces IAS 14. The new standard     
requires segment information to be presented according to the ‘management       
approach', which means that data shall be presented in the same way as in       
internal reporting. The new standard will not affect the segments to be reported
upon, nor will it significantly affect the information provided on them, since  
the segment information previously published by the Group has been based on     
internal reporting.                                                             

- The other standards published by the IASB, included in the accounting         
principles for the 2008 annual financial statements and adopted with effect from
1 January 2009, have not had a significant effect on the figures presented for  
the period under review.                                                        


Function-specific income statement                                              

From 1 January 2009, Atria's external reporting has applied the                 
function‑specific income statement model that is also used in the company's     
internal reporting.                                                             

The comparative figures for 2008 presented in the interim report have been      
adjusted to correspond to the function-specific income statement model. The     
function-specific income statements for 2008 by quarter and total figures for   
2008 are presented in the interim report published on 28 April 2009.            

The figures given in the interim report are unaudited.                          


ATRIA PLC                                                                       

CONSOLIDATED STATEMENT OF FINANCIAL POSITION                                    

Assets                                                                          

EUR million                                            30-9-09  30-9-08 31-12-08

Non-current assets                                                              
 Property, plant and                                                            
 equipment                                               473.9    486.8    493.5
 Goodwill                                                158.8    162.8    151.1
 Other intangible                                                               
 assets                                                   70.9     75.7     70.5
 Investments in joint ventures                                                  
 and associates                                            6.9      6.3      6.1
 Available-for-sale financial                                                   
 assets                                                    2.3      2.2      2.1
 Loans and receivables                                    13.9     10.1     15.5
 Deferred tax assets                                       5.6      1.3      2.2
Total                                                    732.3    745.2    741.0

Current assets                                                                  
 Inventories                                             114.6    104.8    113.3
 Trade and other                                                                
 receivables                                             212.8    205.7    231.8
 Cash and cash                                                                  
 equivalents                                              24.5     25.7     37.1
Total                                                    351.9    336.2    382.2

Non-current assets                                                              
held for sale                                             11.0              11.3

Total assets                                           1 095.2  1 081.4  1 134.5


Equity and liabilities                                                          

EUR million                                            30-9-09  30-9-08 31-12-08

Equity                                                                          
 Equity belonging to                                                            
 the shareholders of the                                                        
 parent company                                          434.7    465.7    433.5
 Minority interest                                         2.0      1.8      1.4
Total equity                                             436.7    467.5    434.9

Non-current liabilities                                                         
 Interest-bearing financial                                                     
 liabilities                                             314.0    165.4    320.8
 Deferred tax                                                                   
 liabilities                                              41.5     45.0     42.4
 Other non-interest-bearing                                                     
 liabilities                                               0.5      1.1      0.2
Total                                                    356.0    211.5    363.4

Current liabilities                                                             
 Interest-bearing financial                                                     
 liabilities                                             127.1    242.0    127.6
 Trade and                                                                      
 other payables                                          175.4    160.4    208.6
Total                                                    302.5    402.4    336.2

Total liabilities                                        658.5    613.9    699.6

Total equity and                                                                
liabilities                                            1 095.2  1 081.4  1 134.5


CONSOLIDATED INCOME STATEMENT                                                   

EUR million                           7-9/09   7-9/08   1-9/09   1-9/08  1-12/08

Net sales                              327.5    357.7    975.6    995.8  1 356.9

Cost of goods sold                    -280.4   -310.5   -854.0   -873.0 -1 198.4
Gross profit                            47.1     47.2    121.6    122.8    158.5
* of Net sales                          14.4     13.2     12.5     12.3     11.7

Sales and                                                                       
marketing costs                        -18.4    -18.2    -56.5    -54.4    -73.6
Administration costs                   -10.4    -10.4    -35.5    -33.7    -47.3
Other income                             1.0      0.8      3.0      2.4      3.7
Other expenses                          -2.4     -2.2     -9.0     -2.5     -2.9
EBIT                                    16.9     17.2     23.6     34.6     38.4
* of Net sales                           5.2      4.8      2.4      3.5      2.8

Finance income                                                                  
and costs                               -2.8     -3.7    -11.2    -10.1    -22.3
Share of the result of                                                          
associates                               0.3      0.5      0.9      0.6      0.6
Profit before tax                       14.4     14.0     13.3     25.1     16.7
* of Net sales                           4.4      3.9      1.4      2.5      1.2

Income tax expense                      -4.3     -3.5     -4.5     -7.5     -5.3
Profit                                                                          
for the period                          10.1     10.5      8.8     17.6     11.4
* of Net sales                           3.1      2.9      0.9      1.8      0.8

Profit attributable to:                                                         
Owners of the parent                     9.8     10.5      8.2     17.6     11.8
Minority interest                        0.3               0.6              -0.4
Total                                   10.1     10.5      8.8     17.6     11.4

Basic earnings/                                                                 
share, EUR                              0.35     0.37     0.29     0.62     0.42

Diluted earnings/                                                               
share, EUR                              0.35     0.37     0.29     0.62     0.42


CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                                  

EUR million                           7-9/09   7-9/08   1-9/09   1-9/08  1-12/08

Profit for the period                   10.1     10.5      8.8     17.6     11.4

Other comprehensive income after tax:                                           
Available-for-sale                                                              
financial assets                        -0.1              -0.1     -1.8     -1.8
Translation                                                                     
differences                              4.2     -3.9     -0.7     -4.6    -30.0
Total comprehensive income                                                      
for the period                          14.2      6.6      8.0     11.2    -20.4

Total comprehensive income attributable to:                                     
Owners of the                                                                   
parent                                  13.9      6.6      7.4     11.2    -20.0
Minority interest                        0.3               0.6              -0.4
Total                                   14.2      6.6      8.0     11.2    -20.4


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                     

EUR million     Equity belonging to the shareholders of the        Mino   Equity
                parent company                                     rity    total

                Share Share   Fair  Inv- Own    Trans  Retain Total             
                ca    premium value non- shares lation ed                       
                pit           fond  rest-       diff-  earn                     
                al                 equity              ings                     
                                    fond                                        
Equity                                                                          
1-1-2008          48.1  138.5   1.9 110.5         -3.4  178.5 474.1   1.9  476.0
Periods comprehensive                                                           
income                         -1.8               -4.6   17.6  11.2  -0.1   11.1
Share-based                                                                     
payment                               0.2                       0.2          0.2
Distribution of                                                                 
dividends                                               -19.8 -19.8        -19.8
Equity                                                                          
30-9-2008         48.1  138.5   0.1 110.7         -8.0  176.3 465.7   1.8  467.5

Equity                                                                          
1-1-2009          48.1  138.5   0.1 110.3  -0.5  -33.5  170.5 433.5   1.4  434.9
Periods comprehensive                                                           
income                         -0.1               -0.7    8.2   7.4   0.6    8.0
Share-based                                                                     
payment                               0.2                       0.2          0.2
Acquired treasure                                                               
shares                                     -0.7                -0.7         -0.7
Distribution of                                                                 
dividends                                                -5.7  -5.7         -5.7
Equity                                                                          
30-9-2009         48.1  138.5   0.0 110.5  -1.2  -34.2  173.0 434.7   2.0  436.7


CONSOLIDATED CASH FLOW STATEMENT                                                

EUR million                                             1-9/09   1-9/08  1-12/08

Cash flow from operating activities                                             
 Operating                                                                      
 activities                                               50.3     45.7     69.9
 Financial items                                                                
 and taxes                                               -27.4    -23.5    -32.3
Net cash flow from operating                                                    
activities                                                22.9     22.2     37.6

Cash flow from investing activities                                             
 Tangible and intangible                                                        
 assets                                                  -20.2    -60.8    -65.5
 Investments                                              -1.6     -0.4      3.6
 Bought shares in                                                               
 subsidiaries                                                     -35.5    -41.3
Net cash used in investing                                                      
activities                                               -21.8    -96.7   -103.2

Cash flow from financing activities                                             
 Loans drawn down                                         30.4    130.7    171.7
 Loans repaid                                            -37.8    -46.4    -86.0
 Dividends paid                                           -5.7    -19.8    -19.8
 Acquired treasury                                                              
 shares                                                   -0.7              -0.9
Net cash used in financing                                                      
activities                                               -13.8     64.5     65.0

Change in liquid                                                                
funds                                                    -12.7    -10.0     -0.6


OPERATING SEGMENTS                                                              

EUR million                           7-9/09   7-9/08   1-9/09   1-9/08  1-12/08

Net sales                                                                       
 Finland                               190.8    208.3    574.4    591.7    797.9
 Scandinavia                           104.4    124.5    306.4    342.8    455.2
 Russia                                 28.7     22.7     83.1     58.3     93.8
 Baltics                                 9.3      9.6     28.6     21.5     32.3
 Eliminations                           -5.7     -7.4    -16.9    -18.5    -22.3
Total                                  327.5    357.7    975.6    995.8  1 356.9

EBIT                                                                            
 Finland                                13.9     13.3     31.7     22.1     33.9
 Scandinavia                             4.7      3.9      6.6     15.6     14.4
 Russia                                 -0.5      1.9     -9.4      2.3     -3.4
 Baltics                                -0.9     -0.9     -3.4     -3.1     -3.8
 Unallocated                            -0.3     -1.0     -1.9     -2.3     -2.7
Total                                   16.9     17.2     23.6     34.6     38.4

ROCE *                                                                          
 Finland                                                10.1 %    7.5 %    7.9 %
 Scandinavia                                             2.1 %    7.8 %    5.4 %
 Russia                                                -10.0 %    3.5 %   -3.3 %
 Baltics                                                -8.1 %  -12.7 %   -9.1 %
 Group                                                   3.1 %    5.8 %    4.5 %

* ROCE % =                                                                      
  EBIT, 12mr / Capital employed, 12 mr avg *100                                 

Investments                                                                     
 Finland                                 3.2      6.3     10.1     20.0     23.8
 Scandinavia                             0.9     21.6      2.9     25.0     41.8
 Russia                                  0.8     13.2      7.4     30.0     68.6
 Baltics                                 0.1     14.4      1.2     16.3     18.4
Total                                    5.0     55.5     21.6     91.3    152.6

Depreciations                                                                   
 Finland                                 7.3      7.4     22.4     22.5     29.8
 Scandinavia                             2.8      2.9      8.5      9.3     11.7
 Russia                                  1.7      0.8      4.6      2.2      3.2
 Baltics                                 0.6      0.7      2.4      1.9      2.8
Total                                   12.4     11.8     37.9     35.9     47.5


CONTINGENT LIABILITIES                                                          

EUR million                                            30-9-09  30-9-08 31-12-08

Debts with mortgages or other collateral                                        
given as security                                                               
 Loans from financial                                                           
 institutions                                              6.1      6.0      9.6
 Pension fund loans                                        4.2      4.2      3.9
Total                                                     10.3     10.2     13.5

Mortgages and other securities given as                                         
comprehensive security                                                          
 Real estate                                                                    
 mortgages                                                 7.0      6.0      6.7
 Corporate mortgages                                       5.6      6.3      7.9
Total                                                     12.6     12.3     14.6

Guarantee engagements not included                                              
in the balance sheet                                                            
 Guarantees                                                7.9      6.5      0.9




ATRIA PLC                                                                       
Board of Directors                                                              

For further information, please contact President and CEO Matti Tikkakoski, at  
tel. +358 50 2582.                                                              


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Principal media                                                                 
www.atria.fi/konserni                                                           

The interim report will be mailed to you upon request and is also available on  
our Website, www.atria.fi/konserni.
interim report q3_presentation.ppt

Jaa

Back to newsroom