Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Atria Oyj: Atria sold its fast food business in Russia

Atria
Read the release

Atria Plc     Company Announcement, other information to be disclosed in accordance with the rules of the stock exchange    16 May 2022, 12.00 am

 

Atria sold its fast food business in Russia

Atria has sold its fast food business Sibylla Rus LLC to Limited Liability Company Agricultural Complex Mikhailovskiy, which is part of the Cherkizovo Group. The sales price is approximately EUR 8 million. The transaction does not include the Sibylla trademark.

The net sales of the fast food company operating in Russia has been approximately 2 percent of the Atria Group's total net sales and the business has been profitable. The fast food business is reported in the Atria Sweden segment.

Atria will record a capital gain of approximately EUR 2 million from the divestment. In addition, a translation loss of approximately EUR 10 million is recorded from the transaction. The translation loss is recognized in EBIT, but it has no effect on the Group's equity nor cash flow.

For more information, please contact Tomas Back, CFO of Atria Plc, tel. +358 50 577 4086.

Atria Plc
Juha Gröhn
CEO
DISTRIBUTION:
Nasdaq Helsinki Ltd
Major media
www.atria.com

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.