Atria (ATRAV) Q1 2025 earnings summary

Executive summary

• Net sales rose to EUR 420.5 million in Q1 2025, up 0.9% year-over-year, with all business areas improving EBIT despite challenging market conditions, especially in Finland.

• Consolidated EBIT reached EUR 12.8 million (3.1% margin), an increase of EUR 4.8 million from the prior year, with all business areas showing EBIT growth.

• Atria Finland's EBIT was EUR 11.2 million, up EUR 4.0 million, driven by intensified poultry production, new exports to China, and the new Nurmo plant.

• A new Group strategy is in preparation, to be published at year-end.

• Sustainability efforts recognized, with improved brand perception, SBTI-approved emissions targets, and the first CSRD sustainability report published.

Financial highlights

• Net sales: EUR 420.5 million (Q1 2024: EUR 416.8 million).

• EBIT: EUR 12.8 million (Q1 2024: EUR 8.0 million), EBIT margin 3.1% (1.9%).

• EPS: EUR 0.28 (Q1 2024: EUR 0.10).

• Gross profit: EUR 43.3 million, gross margin 10.3% (Q1 2024: 9.2%).

• Free cash flow: EUR 11.7 million (Q1 2024: -28.1 million).

Outlook and guidance

• Adjusted EBIT for 2025 expected to be lower than 2024 (EUR 65.4 million), due to market volatility and the impact of the April strike.

• Geopolitical instability and a recent strike in Finland are expected to impact sales and results for the rest of the year.

• Strong market position, brands, and customer relationships support business stability despite challenges.