HKScan lowers its operating profit outlook

HKScan Corporation             Stock Exchange Release      21 October 2016                   at 8:00 a.m.  

HKScan lowers its operating profit outlook

HKScan Corporation estimates that its comparable operating profit for 2016 will remain at the previous year’s level or below it. The reasons for the lowered outlook are the weaker than anticipated sales performance in Sweden, as well as higher purchase prices and the scarcity of beef raw material.

HKScan previously expected that its comparable operating profit (EBIT) would improve from 2015.

HKScan will publish its January–September interim report on Wednesday 2 November.

 

HKScan Corporation
Board of Directors

For further details, kindly contact Tuomo Valkonen, CFO, HKScan Corporation. Please submit a call-back request via Marja-Leena Dahlskog, SVP Communications, HKScan Corporation, marja-leena.dahlskog(at)hkscan.com or tel. +358 10 570 2142.

HKScan is the leading Nordic meat expert. We produce, market and sell high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Our customers are the retail, food service, industrial and export sectors, and our home markets comprise Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2015, HKScan had net sales of approximately EUR 1.9 billion and some 7 400 employees.

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