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Friday, 29 July 2011 00:00

Atria has suffered heavy losses in Russia

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Activity of meat concern "Atria" in Russia is highly unprofitable. This has a negative impact on the profitability of the entire group.

Losses in the first half of 2011 amounted to € 5 million, while a year ago the concern was bringing the same amount of profit.

Losses have occurred mainly in Russia, where the concern manufactures products under the brand name "Pit-Product." Concern explains the situation to the sharp rise in raw material prices, as well as slow growth in demand for meat products.

Losses in Russia will cause a rise in prices in Finland. "Atria" is going to the end of the year to raise the prices of their products in Finland, to compensate for the losses.

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