Atria’s net sales rise in second quarter

Scandinavian meat and poultry company Atria Group reported it is bouncing back as the COVID-19 pandemic has eased.

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(Courtesy Atria Group)
(Courtesy Atria Group)

Scandinavian meat and poultry company Atria Group reported it is bouncing back as the COVID-19 pandemic has eased.

The company reported the financial results of the second quarter of fiscal year 2021 on July 20. The quarter included the months of April, May and June.

During the quarter, the company’s net sales reached EUR387.2 million (US$456.4 million), up from the EUR366.3 million recorded during the second quarter of fiscal year 2020.

“The first six months of 2021 have been favorable to Atria,” Juha Grohn, CEO of Atria Group stated it its half-year financial report.

“In the spring and early summer, coronavirus restrictions have been lifted in all countries where Atria operates and this has immediately revitalized foodservice and fast food sales. We are not yet at the level we were at before the coronavirus appeared, but recovery is well under way. Similarly, sales growth to the retail sector is subsiding. The changes are anticipated, and Atria is prepared for the change in the focus between sales channels.”

The majority of Atria’s sales were in its Finland division, where net sales increased from EUR263 million to EUR 277.7 million. Net sales for the Sweden division also saw a meaningful increase, going from EUR78.3 million to EUR88 million.

The company’s sales in Denmark and Estonia declined slightly, going from EUR26.9 million to EUR26.7 million. Atria stated that sales were less because coronavirus restrictions weakened exports.

Other highlights of the second quarter were Atria’s divestment of its Pit-Product subsidiary, which was finalized in April, and the company’s decision in May to invest EUR30 million in production restructuring in Sweden, which includes the expansion of production facilities and the purchase of new production equipment for the Skollersta plant.

Atria Group, according to the WATTPoultry.com Top Companies Database, slaughters 43 million broilers annually. It ranks as the second largest poultry company in Finland and the 43rd largest in Europe.

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