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SENASTE
Atria reported strong Q2 adjusted EBIT of EUR 12.6m, +100% versus Nordea. Q2 net sales of EUR 387m were up 6% y/y and came in 6% above our expectations. The 100% EBIT beat in Q2 was mainly attributable to Finland, where retail sales have continued at a high level, while foodservice sales have started to recover. Exports to China have increased while price levels are currently at a lower level. Atria reiterated its now upgraded EUR 41-48m adjusted EBIT guidance for 2021 (EUR 40.5m in 2020). Despite a lower pork export price level, we continue to believe in another guidance upgrade at the latest in conjunction with the Q3 report.
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