Operations in Russia and the Baltic States continued to suppress the food processing company Atria’s result in January-March this year, even though the company’s losses in Russia have decreased significantly. The result before taxes remained EUR 1.8 million on the negative side. A year ago the corresponding loss was EUR 5.5 million.
In Finland, Atria’s business profit was EUR 4.9 million.
The main reason for the improved result was the nearly EUR five million reduction in the losses in the company’s operations in Russia. This compensated for the shrinking of trading profits in Finland and the Nordic region.
Just over a week ago, Atria opened a new food processing plant in Gorolevo near St. Petersburg in Russia (see attached article).
If everything goes as planned, Atria believes it has good prospects for improving the profitability of its business operations in Russia.
