Company announcement 28 April 2021, at 11.00 am
Changes in Atria Plc's group structure and segment reporting as of 1 January 2021
In February 2021, Atria entered into an agreement to sell its Russian subsidiary OOO Pit-Product. The sales agreement does not include Atria Russia's other subsidiary, Sibylla Rus, which conducts fast food business in Russia.
Following the sale of OOO Pit-Product, Atria Russia does not form an independent business area and is therefore not a reportable segment. As a result, Atria Group's operational structure and financial reporting will be changed. Sibylla Rus is reported as part of Atria Sweden's segment, which includes most of the Sibylla business. OOO Pit-Product's turnover in 2021 and result is reported unallocated. The change will be implemented in reporting as of January 1, 2021. Atria has estimated that the divestment will take place during the first half of 2021.
As of 1 January 2021, Atria Group's reportable segments are:
- Atria Finland
- Atria Sweden
- Atria Denmark & Estonia
| Reported segments 2020: | |||||||
| Q1 | Q2 | Q3 | Q4 | ||||
| EUR million | 2020 | 2020 | 2020 | 2020 | 2020 | ||
| Revenue from consumer goods | |||||||
| Atria Finland | 193.1 | 205.3 | 205.8 | 219.1 | 823.2 | ||
| Atria Sweden | 71.5 | 71.7 | 79.4 | 78.2 | 300.8 | ||
| Atria Denmark & Estonia | 26.0 | 26.3 | 26.4 | 26.0 | 104.7 | ||
| Atria Russia | 16.1 | 13.3 | 19.6 | 17.6 | 66.7 | ||
| Eliminations | -10.0 | -8.6 | -9.6 | -8.4 | -36.6 | ||
| Total | 296.7 | 308.0 | 321.6 | 332.6 | 1,258.9 | ||
| Revenue from primary products | |||||||
| Atria Finland | 59.6 | 57.8 | 60.3 | 65.5 | 243.1 | ||
| Atria Sweden | - | - | - | - | - | ||
| Atria Denmark & Estonia | 0.5 | 0.6 | 0.5 | 0.5 | 2.1 | ||
| Atria Russia | - | - | - | - | - | ||
| Total | 60.0 | 58.3 | 60.8 | 66.0 | 245.2 | ||
| Net sales total | 356.7 | 366.3 | 382.4 | 398.6 | 1,504.0 | ||
| EBIT | |||||||
| Atria Finland | 6.2 | 7.3 | 15.2 | 14.4 | 43.1 | ||
| Atria Sweden | -2.1 | -2.1 | 1.4 | 0.7 | -2.0 | ||
| Atria Denmark & Estonia | 0.3 | 1.1 | 2.1 | 1.7 | 5.3 | ||
| Atria Russia | -1.3 | -1.4 | 0.9 | -1.0 | -2.9 | ||
| Unallocated | -0.9 | -0.7 | -0.6 | -0.7 | -3.0 | ||
| Total | 2.2 | 4.1 | 19.0 | 15.1 | 40.5 | ||
| Investments | |||||||
| Atria Finland | 8.1 | 7.8 | 5.2 | 9.6 | 30.6 | ||
| Atria Sweden | 2.5 | 2.9 | 1.6 | 3.4 | 10.4 | ||
| Atria Denmark & Estonia | 0.5 | 0.6 | 0.9 | 1.3 | 3.4 | ||
| Atria Russia | 0.8 | 0.2 | 0.1 | 0.1 | 1.2 | ||
| Total | 11.9 | 11.5 | 7.8 | 14.4 | 45.6 | ||
| Depreciation and write-offs | |||||||
| Atria Finland | 8.9 | 8.7 | 8.8 | 9.4 | 35.8 | ||
| Atria Sweden | 2.8 | 2.8 | 2.9 | 2.9 | 11.4 | ||
| Atria Denmark & Estonia | 1.1 | 1.1 | 1.1 | 1.2 | 4.6 | ||
| Atria Russia | 1.2 | 1.1 | 1.0 | 1.6 | 4.9 | ||
| Total | 14.0 | 13.8 | 13.7 | 15.1 | 56.7 | ||
| Information presented in the financial statements 2020: | |||||||
| Atria | |||||||
| Operating segments | Atria | Atria | Denmark & | Atria | Unallo- | Elimi- | Group |
| Year 2020 | Finland | Sweden | Estonia | Russia | cated | nations | total |
| Net sales | |||||||
| Revenue from | |||||||
| consumer goods | 807.5 | 283.3 | 101.4 | 66.7 | 1,258.9 | ||
| Revenue from | |||||||
| primary products | 243.1 | 2.1 | 245.2 | ||||
| Revenue from companies | |||||||
| within the group | 15.7 | 17.5 | 3.3 | -36.6 | 0.0 | ||
| Total net sales | 1,066.3 | 300.8 | 106.8 | 66.7 | 0.0 | -36.6 | 1,504.0 |
| EBIT | 43.1 | -2.0 | 5.3 | -2.9 | -3.0 | 40.5 | |
| Assets | 523.2 | 273.5 | 103.0 | 73.7 | -33.8 | 939.5 | |
| Liabilities | 295.1 | 165.7 | 40.6 | 33.1 | -33.8 | 500.7 | |
|
Comparable quarterly segment reporting data according to revised segments: |
||||||
| Q1 | Q2 | Q3 | Q4 | |||
| EUR million | 2020 | 2020 | 2020 | 2020 | 2020 | |
| Revenue from consumer goods | ||||||
| Atria Finland | 193.1 | 205.3 | 205.8 | 219.1 | 823.2 | |
| Atria Sweden | 78.0 | 78.3 | 90.8 | 85.1 | 332.2 | |
| Atria Denmark & Estonia | 26.0 | 26.3 | 26.4 | 26.0 | 104.7 | |
| Unallocated | 13.7 | 10.2 | 14.0 | 14.0 | 51.8 | |
| Eliminations | -14.1 | -12.1 | -15.4 | -11.5 | -53.0 | |
| Total | 296.7 | 308.0 | 321.6 | 332.6 | 1,258.9 | |
| Revenue from primary products | ||||||
| Atria Finland | 59.6 | 57.8 | 60.3 | 65.5 | 243.1 | |
| Atria Sweden | - | - | - | - | - | |
| Atria Denmark & Estonia | 0.5 | 0.6 | 0.5 | 0.5 | 2.1 | |
| Unallocated | - | - | - | - | - | |
| Total | 60.0 | 58.3 | 60.8 | 66.0 | 245.2 | |
| Net sales total | 356.7 | 366.3 | 382.4 | 398.6 | 1,504.0 | |
| EBIT | ||||||
| Atria Finland | 6.2 | 7.3 | 15.2 | 14.4 | 43.1 | |
| Atria Sweden | -1.8 | -1.6 | 3.0 | 1.2 | 0.8 | |
| Atria Denmark & Estonia | 0.3 | 1.1 | 2.1 | 1.7 | 5.3 | |
| Unallocated | -2.6 | -2.7 | -1.3 | -2.2 | -8.7 | |
| Total | 2.2 | 4.1 | 19.0 | 15.1 | 40.5 | |
| Investments | ||||||
| Atria Finland | 8.1 | 7.8 | 5.2 | 9.6 | 30.6 | |
| Atria Sweden | 3.2 | 2.9 | 1.7 | 3.4 | 11.2 | |
| Atria Denmark & Estonia | 0.5 | 0.6 | 0.9 | 1.3 | 3.4 | |
| Unallocated | 0.0 | 0.2 | 0.1 | 0.1 | 0.3 | |
| Total | 11.9 | 11.5 | 7.8 | 14.4 | 45.6 | |
| Depreciation and write-offs | ||||||
| Atria Finland | 8.9 | 8.7 | 8.8 | 9.4 | 35.8 | |
| Atria Sweden | 3.3 | 3.3 | 3.3 | 3.3 | 13.1 | |
| Atria Denmark & Estonia | 1.1 | 1.1 | 1.1 | 1.2 | 4.6 | |
| Unallocated | 0.7 | 0.7 | 0.6 | 1.3 | 3.2 | |
| Total | 14.0 | 13.8 | 13.7 | 15.1 | 56.7 | |
| Information presented in the financial statement | ||||||
| in accordance with the revised segment reporting: | ||||||
| Atria | ||||||
| Operating segments | Atria | Atria | Denmark & | Unallo- | Elimi- | Group |
| Year 2020 | Finland | Sweden | Estonia | cated | nations | total |
| Net sales | ||||||
| Revenue from | ||||||
| consumer goods | 807.5 | 315.0 | 101.4 | 35.0 | 1,258.9 | |
| Revenue from | ||||||
| primary products | 243.1 | 2.1 | 245.2 | |||
| Revenue from companies | ||||||
| within the group | 15.7 | 17.1 | 3.3 | 16.8 | -53.0 | 0.0 |
| Total net sales | 1,066.3 | 332.2 | 106.8 | 51.8 | -53.0 | 1,504.0 |
| EBIT | 43.1 | 0.8 | 5.3 | -8.7 | 40.5 | |
| Assets | 523.2 | 281.2 | 103.0 | 66.7 | -34.5 | 939.5 |
| Liabilities | 295.1 | 168.1 | 40.6 | 31.5 | -34.5 | 500.7 |
For more information, please contact Juha Gröhn, CEO of Atria Plc, tel. +358 400 684 224.
ATRIA OYJ
Juha Gröhn
CEO
DISTRIBUTION
Nasdaq Helsinki Oy
Major media
www.atria.com