Scandinavian poultry company Atria Group issued a statement that revealed the company’s net sales for 2019 will be “slightly lower than expected.”
In the statement, issued on January 20, Atria stated that it is lowering its sales forecast for 2019 and expects the full-year net sales at comparable exchange rates to remain at the 2018 level. The reason the company lowered its sales forecast was due to slightly weaker sales in Finland and Russia during the end of the year.
The company, citing preliminary unaudited data, said net sales in 2019 are approximately EUR1.45 billion (US$1.6 billion). At comparable exchange rates, net sales would increase by about 1.4%.
Atria will release its 2019 financial statement report on February 13.
Following the conclusion of the second quarter of 2019, Atria reported its sales in Sweden and Finland were strong, while they remained steady in Russia. Sales for the first half in Denmark and Estonia dropped.
In October 2019, Atria announced it was planning to expand poultry production in Finland. That expansion was to include the renovation of existing production facilities, as well as the construction of new facilities and lines at the Nurmo plant. That investment was estimated at EUR130 million (US$143 million).
According to the WATTAgNet Top Poultry Companies Database, Atria Group is one of the largest food production companies in the Nordic and Baltic countries, as well as Russia. The company has 18 locations in Finland, Sweden, Denmark, Russia and Estonia.
