Atria Plc COMPANY ANNOUNCEMENT 12 January 2009, 1 pm
Atria specifies its Q4/2008 result estimate
Atria Group's operative EBIT in Q4/2008 will be substantially lower than in the
same period in 2007 especially due to the result development in Business Area
Scandinavia.
Atria Scandinavia's result is impacted negatively by the significant weakening
of the Swedish krona, continued high raw material costs and the impact on
volumes from the general slow down in the economy. Atria Scandinavia has
launched an extensive efficiency programme to prepare for a tougher market
environment. The measures are expected to generate annual cost savings of
approximately 7 million euro and will impact approximately 100 employees across
different sites.
Atria Group's net sales are expected to grow in 2008, but the operative EBIT is
predicted to fall substantially compared with 2007. The Group's Financial
Statement Bulletin 2008 will be published on 25 February 2009.
For further information contact Matti Tikkakoski, President and CEO of Atria
Plc, tel. +358 50 2582.
ATRIA PLC
Matti Tikkakoski
President and CEO
DISTRIBUTION:
Nasdaq OMX Helsinki Ltd
Principal media
www.atria.fi