HKScan Lowers its Operating Profit Outlook
HKScan, the leading Nordic meat group, estimates that its comparable operating profit (EBIT) for 2016 will remain at Eur12–14 million mainly due to the weakened profitability of its market area in Sweden. The comparable operating profit (EBIT) for the previous year was Eur21.5 million.
In the stock exchange release published on 21 October 2016, HKScan estimated that its comparable operating profit (EBIT) for 2016 would remain at the previous year’s level or below it. HKScan will publish its financial statements bulletin for 2016 on 8 February 2017.
HKScan produces, markets and sells high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. Customers are the retail, food service, industrial and export sectors, and its home markets comprise Finland, Sweden, Denmark and the Baltics. HKScan exports to close to 50 countries. In 2015, HKScan generated net sales of approximately Eur1.9 billion and employed 7,400 people.
