POST Online Media Lite Edition



 

Atria's profit down in Q2, exports to China rise

Christian Fernsby |
Finnish meat producer Atria saw its profit in Q2 this year decline to 4.1 million euros (4.7 million U.S. dollars), compared with 5.1 million euros in the same period in 2019, said the company in its report on Friday.

Article continues below



Topics: ATRIA   

The turnover of Q2 was 366 million euros, slightly down from the 368 million turnover of the same period last year, according to the report.

Juha Grohn, CEO of Atria, noted in a media release on Friday that households stocked up the supplies of meat productions at the end of March, when the COVID-19 pandemic hit hard, but the demand levelled off quickly in April with sales over Easter lower than normal.

Grohn noted that the volume of pork exports to China in Q2 has been better than expected, but the price level in the Chinese markets decreased.

In Atria's home markets, net sales in Finland, Estonia and Denmark grew, while in Sweden and Russia weakened, showed the report.

On Thursday, HKScan, the other Finland-based international meat producer, also noted that its export volumes to China had clearly increased in Q2.

Tero Hemmila, CEO of HKScan, noted that despite the impact of the COVID-19 epidemic, the company's export volumes to China almost reached the level planned in advance.

"Meat prices in Europe are significantly dependent on the development of Asian export markets. Changes in Asia are rapidly reflected in Europe and our home markets," Hemmila said. He predicted that volatility on the international meat market is expected to continue in the rest of the year.

Looking towards future trends, Grohn of Atria noted in the media release that the consumption of poultry meat is expected to continue to increase, while the consumption of red meat is expected to decline slightly.


What to read next

Hormel Foods diluted EPS $0.63
Eni Q4 standalone adjusted operating profit down 64%
Hormel Foods Q1 2016 net earnings increased 25 percent

AutoZone Q1 net income decreased to $539.32 million

 
AutoZone reported that net income for the first quarter decreased to $539.32 million or $27.45 per share from $555.24 million or $25.69 per share in the year-ago quarter.
 
 

Latest

Germany factory orders recover on foreign demand
EPPO’s Paris office investigates French former MEP and assistant on suspicion of fictitious employment
Illumina gets EU antitrust charge sheet to unwind Grail acquisition swiftly
South Africa's Q3 GDP grows 1.6%

NEWS

Virginity testing, virginity certification and hymen reconstruction surgery to be criminalised in Sweden

UK rail walkouts confirmed over Christmas period
Russian state bank VTB hit by DDoS attack
6.2 magnitude earthquake jolts western Indonesia
U.S.: Locally heavy snow and rain in some spots
Arctic blast set to freeze Britain as temperatures plunge to -8C
 

BUSINESS

Deal on new law to ensure products causing deforestation are not sold in EU

NHS plans to return retired and partially retired staff to work
Germany approves tax benefits for small solar installations
Payday loans market to reach $6.8 billion
U.S. preliminarily finds some companies circumventing solar tariffs
Switzerland watchdog investigates labour market in banking sector
 

Trending Now

Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping

Jordan, Norway to partner on renewable energy, green hydrogen

FM: Hungary received exemption from using oil price cap

Owens Corning completes sale of Russian operations


POLITICS

Thousand of Moldova's households to get higher compensations when paying bills

FM: Hungary received exemption from using oil price cap
Commission approves €26.3 million Finnish measure to support SEVO in construction of hydroelectric pump storage
Five Polish regions to get €3.85 billion for just transition toward climate neutral economy
Jordan, Norway to partner on renewable energy, green hydrogen
Colorado submits Canadian drug importation plan to FDA
 

Today We Recommend

Payday loans market to reach $6.8 billion


Highlights 

Becker Robotic Equipment will create 137 new jobs in Cherokee County, Georgia

Iran’s shrimp exports to Russia up by 350% this year

Global food prices overall hold steady in November


COMPANIES

Owens Corning completes sale of Russian operations

Milence charging network accelerates Europe's shift to fossil-free road transport
TotalEnergies to supply sustainable aviation fuel to Air France-KLM
Becker Robotic Equipment will create 137 new jobs in Cherokee County, Georgia
Venture Life buys HL Healthcare in a deal worth up to 13 million pounds
Octopus Energy Generation acquires Zestec Renewable Energy
 

CAREERS

BioMar appoints Andrew Campbell as CEO for AQ1

Roche appoints Brad Moore as CEO of Roche Diagnostics North America
Duke Energy chief operating officer Dhiaa Jamil to retire
MSC Industrial Supply elects Rahquel Purcell as director
Boeing appoints Brendan Nelson as Boeing International
Totally appoints John McMullan as medical director
 

ECONOMY

World Bank hikes Philippines' 2022 GDP forecast to 7.2 pct

CBI severely downgrades UK growth forecast
Japan services PMI continued to expand in November
Italy: GDP growth loses momentum in Q3
Indonesia: Inflation declines to lowest level since August in November
Australia retail sales contract in October
 

EARNINGS

Genesco Q3 2023 GAAP earnings $1.66

Kirkland's Q3 sales $131.0 million
Cracker Barrel Old Country Store Q1 2023 revenue $839.5 million
Malvern Bancorp Q4 net income $2.6 million
Big Lots Q3 loss $4.33 million
Kroger Q3 profit decreases
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Rospotrebnadzor: Swine flu reported in 74 Russian regions

Hong Kong Customs detects suspected frozen meat smuggling case involving cargo vessel
First direct train from Laos to China arrives with 543 tons of fruit
Vets cull 15,000 ducks in Czech Republic over bird flu outbreak
Hong Kong suspends poultry meat and products import from areas in Canada
China interested in importing Kazakh agricultural products
 

LEADERSHIP

Only 32% of employees believe their pay is fair

Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
 

CRIME

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts

Hertz to pay $168 mln to settle over 95% of wrongful theft report claims
Glencore to pay Republic of Congo $180 mln over alleged corruption claims
Fraudsters target water infrastructure projects, OLAF closes several cases
Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud
Switzerland fines ABB $4.3 mn over South Africa bribery
 

Magazine

TRAVEL

Cambria Hotels opens in Minneapolis

All aboard the Heathrow Festive Express
Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping
"Pets with Love" Dog Adoption Carnival 2022 to be held in Hong Kong
Weather-resistant ArtWalk Downtown Billings, Montana
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal
 

SEA, LAND, AIR

Lamborghini Huracán Sterrato, first super sports car for any terrain

New colorful Porsche 718 Style Edition models
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
 

DESIGN

Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
 

GADGETS

ASUS launches ExpertBook B9 for executives

Take Elektor Fortissimo and make your own high-end amplifier
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
 

HEALTH

Justice Department secures agreement with Alabama Medicaid to remove unlawful sobriety mandate for health care access

Pfizer and BioNTech apply for FDA authorization for Omicron-retooled vaccine booster in kids under 5
Cornwall first area in England to trial NHS Digital Health Check
Huge rise of scarlet fever cases in UK, 6 kids dead of Strep A
Neglecting COVID this year created perfect conditions for deadly new variant
EMA recommends withdrawal of pholcodine medicines from EU market
 

MEANTIME

James Webb telescope produces an unparalleled view of the ghostly light in galaxy clusters

China's two meteorological satellites put into operation
Lagoon dries up as drought grips Peru
Mysteriously bright flash is black hole jet pointing straight toward Earth
Researchers discover Egypt's oldest tomb oriented to winter solstice
China's latest manned space mission blasts off