Atria focuses on its core business and streamlines its operations in Sweden Atria Scandinavia will commence a streamlining of its operations and focuses on the production of value-added products in Sweden. Atria Scandinavia will move away from the operational area of consumer packed meat and the plant in Årsta, outside of Stockholm, will be closed. The consumer packed meat business is running at a loss and it will be closed by the end of October. 49 full and part-time employees in Årsta are affected by the decision. Due to the exit of consumer packed meat Atria Scandinavia's annual net sales will decline by approx. 45 MEUR and annual EBIT will improve by approx. 0.5 MEUR. As a result of the closing of the Årsta plant max. 5 MEUR of non-recurring costs will be recorded in the result of the year 2010. Approx. 1.5 M€ of the non-recurring costs have a cash flow effect. In the future Atria Scandinavia will focus on the production of sausages, cold cuts, convenience food and delicacies. Negotiations with the respective trade unions will start immediately. For further information please contact Matti Tikkakoski, President & CEO, Atria Plc, tel. +358 50 2582, and Michael Forsmark, Executive Vice President, Atria Scandinavia, tel. +46 722 126 100. ATRIA PLC Matti Tikkakoski President & CEO DISTRIBUTION: Nasdaq OMX Helsinki Ltd Principal media www.atriagroup.com
Stock exchange releases | 22.3.2010