ATRIA'S YEAR 2025
BOARD OF DIRECTORS' REPORT, SUSTAINABILITY STATEMENT AND FINANCIAL STATEMENTS 2025
GOVERNANCE 2025
p. 50
Atria launched 208 new products
Atria is investing over 80 million euros in the modernisation and energy efficiency of its convenience foodproduction
p. 21
CONTENTS
ATRIA 2025 3
Atria in brief 4
CEO's review 6
Financial development 8
Highlights of the year 10
Atria's value chain 12
ATRIA'S DIRECTION 13
Food market trends 14
Consumer behaviour 15
Strategy 17
Sustainability as a part of strategy 24
Atria as an employer 27
BUSINESS AREAS 29
Atria Finland 31
Atria Sweden 37
Atria Denmark & Estonia 41
RESEARCH AND DEVELOPMENT 48
INVESTOR INFORMATION 51
Atria as an investment 52
Contacts 56
This part of the Annual Report in PDF format is not an xHTML document compliant with the ESEF (European Single Electronic Format) regulation. The Board of Directors' report, Sustainability Statement and Financial Statements 2025 in accordance with ESEF regulations are available electronically as an xHTML document in Finnish language at
atria.com/sijoittajat/taloustieto/vuosikertomukset
Atria announced its new strategy for 2025-2030:
p. 17
Atria's Annual Report 2025 consists of three parts:
Atria's year 2025
Board of Directors' Report, Sustainability Statement and Financial Statements 2025
Governance 2025
All parts are found on Atria's website:
ATRIA.COM
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA 2025
ATRIA'S YEAR 2025 3
ATRIA 2025Atria in brief
CONTENT ATRIA 2025
CEO's review Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
ATRIA 2025 ATRIA'S YEAR 2025 4
ATRIA IN BRIEF
WINNING NORTHERN EUROPEAN FOOD COMPANY
Atria is one of the leading food companies in Northern Europe. We are a company established in 1903 and valued by our customers, personnel and owners. Atria was listed on the Helsinki Stock Exchange in 1991.
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
We have been producing food for people for 120 years and want to keep doing so. That is why we act with respect for the environment, society, people and food.
In 2025, Atria announced its new strategy for 2025-2030. The name of the strategy is TOGETHER 2030. The new strategy highlights the importance of working together to achieve our vision - to be the Winning Northern European Food Company. Atria's strategy focuses on ensuring the competitiveness of our core business, allocating investments and resources to rapidly growing product categories, increasing cross-border cooperation to exploit economies of scale and renewing ourselves to meet future needs.
Our main product, Good Food, creates a better mood and sustainable value for all our stakeholders. In 2025, our net sales were EUR 1,813.7 million, and Atria employed 3,785 food professionals in Finland, Sweden, Denmark and Estonia.
The key element of Atria's good competitiveness and profitable growth is the company's strong market position in various business areas and strong local organisations. In the main product categories we represent, we are the market leader or a strong second.
Atria's position in the market is also strengthened by its valued brands. Atria Finland's leading brand is Atria, one of the best-known and most valuable food brands in Finland.
In Sweden, Atria's best-known brands are Lönneberga, Sibylla, Lithells, Ridderheims and Gooh!. In Denmark, Atria produces cold cuts under the 3-Stjernet and Aalbaek brands. In Estonia, Atria's Maks & Moorits meat products were voted Estonia's best-known meat product brand.
Sustainable business is an integral part of Atria's strategy, business and daily work. It covers the entire value chain - from family farms to dining tables. It means taking environmental and social issues into account and promoting them in ever closer cooperation with our supply chain partners and customers. Atria wants to enable consumers and customers to make sustainable choices and promote the wellbeing of the environment and people.
Atria has production plants in Finland, Sweden, Denmark and Estonia. In addition, Atria exports its products to 25 countries. The main export countries are South Korea, Denmark, China, Sweden, the Baltic countries and Japan.
Pietarsaari
Seinäjoki/Nurmo
Atria in brief
CONTENT ATRIA 2025
CEO's review Financial development Highlights of the year
ATRIA 2025 ATRIA'S YEAR 2025 5
KEY FIGURES
Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
NET SALES, EUR MILLION
1,813.7(2024: EUR 1,755.4 million)
ADJUSTED EBIT, EUR MILLION
69.9(EUR 65.4 million)
PERSONNEL, FTE
3,785(3,864)
NUMBER OF NEW PRODUCTS
208(213)
NET SALES BY BUSINESS AREA, EUR MILLION
124.8
392.7
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
DIVIDEND PER SHARE, TOTAL*
0.75(0.69)
NUMBER OF ATRIA'S CONTRACT FARMS
3,800SCOPE 1 & 2 EMISSIONS REDUCED
FROM 2020 LEVEL
28.5%Atria Finland Atria Sweden
Atria Denmark & Estonia
1,319.6
INVESTOR INFORMATION
Atria as an investment Contacts
*Board proposal to the Annual General Meeting
ACCIDENT FREQUENCY RATE
10(14)
THE SHARE OF DOMESTIC MEAT IN FINLAND
100%PERSONNEL BY BUSINESS AREA, FTE
442
880
2,463
EXPORTS TO
25countries (25)
Atria Finland Atria Sweden
Atria Denmark & Estonia
CONTENT
ATRIA 2025
Atria in brief
ATRIA 2025
ATRIA'S YEAR 2025 6
CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends
Consumer behaviour
A record-breaking year despite challenges - together
The year 2025 was exceptionally strong for Atria. We started the year from an excellent position: we had the highest adjusted operating profit in the company's history, a strengthened return on equity and a healthy financial position.
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
However, we knew that the market environment was going to be challenging and prepared ourselves for several risks such as economic and geopolitical uncertainties, the erosion of consumer confidence, the effects of changes in nutrition recommendations, labour market disturbances, tariff changes, and animal diseases. Most of the risks materialised, but we still achieved a historically good result.
Systematic development driving growth and profitability
The Group's net sales grew by nearly EUR 60 million from the previous year. Although the early part of the year was challenging, demand picked up significantly in the third quarter. The performance of Atria Sweden was particularly strong, driving the general improvement in performance. Sales growth, successful commercial measures and the strong performance of Gooh! convenience food products significantly increased Atria Sweden's net sales and profit. Projects carried out as part of the Profitable Growth Plan programme have produced significant and measurable results.
Atria Finland's development took a positive turn despite the difficult start of the year. Atria Finland has been able to significantly improve the efficiency of its poultry production thanks to the new plant and the centralisation of production, which was reflected in an improved result compared with the previous year. Atria Estonia faced production challenges due to African swine fever, but the strong Maks & Moorits brand, successful marketing, and growth in retail sales strengthened its market share
and net sales. The efficiency measures implemented at Atria Denmark strengthened the result, improved productivity and increased financial sustainability.
During the year, we also made progress in many strategic investment projects. The Convenience Food Factory of the Future in Nurmo proceeded as planned, representing a total investment
of approximately EUR 110 million. In addition, the EUR 16 million modernisation project in Kauhajoki and the EUR 23 million investment in meat products in Sköllersta in Sweden will strengthen our long-term competitiveness and support our
strategic priorities: optimising our core business and accelerating growth.
Investments accelerate emissions reductions
Reducing greenhouse gas emissions is a key element of our sustainability work throughout the food chain. In 2025, we made significant progress, especially in improving energy quality and efficiency in our own operations. The solutions related to the energy efficiency of the Nurmo convenience food factory, as well as the green transition support received, demonstrate that competitiveness and the reduction of climate impact can go hand in hand successfully.
Investments made during the year - such as in heat recovery at the poultry plant and electric boiler solutions - support energy efficiency and emissions reductions in the long term. In the supply chain, we focused on reducing emissions from primary production by developing the carbon footprint calculation of beef, pork and poultry production, as well as increasing the use of domestically produced proteins in feed. The bioenergy cooperation in Nurmo and the biogas plant under preparation are key solutions that enable emissions reductions at the farm level.
CONTINUED →
CONTENT
ATRIA 2025
Atria in brief
ATRIA 2025 ATRIA'S YEAR 2025 7
CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
New strategy: TOGETHER 2030
One of our most significant achievements during the year under review was the development and publication of our new strategy. The strategy work was carried out in close cooperation with the management teams and personnel in our countries of operation to ensure that the final result truly reflects the views of the entire Atria community.
Our new strategy TOGETHER 2030 is built on a strong foundation, and its core is crystallised in four key strategic actions:
Grow and Optimise Core Business
Accelerate Development in Growing Categories (Poultry and Convenience Foods)
Collaborate to Grow and Scale Our Operations
Renew for the Future
We invest in people, competence development and communication
As the name of our strategy, TOGETHER 2030, indicates, people and working together are at the heart of our operations and Atria's key strength. I am therefore glad that employee engagement was particularly high in 2025: the response rate to the personnel survey went up considerably, brand recommendation reached 85 percent, and the engagement index improved significantly. This shows that our employees are willing to build Atria together and have faith in our shared direction.
We continue to invest in competence development. The Atria Growth Engine programme, which focuses on developing innovation competence, and the Pathfinder programme on artificial intelligence are examples of how we are building new capabilities in all our operating countries and at all organisational levels.
Commercial AI-related tools and the development of product-category management also offer tangible support to our next growth leaps.
KAI GYLLSTRÖM
CEO
Strengthening communication has also been an important part of strategy implementation. During the autumn, we have been active in various channels, and the results are clear: our reputation improved to the highest level in recorded history, and brand images have strengthened. This builds trust among customers, producers and investors alike. It has been encouraging to note that Atria is seen as a stronger player in all our markets.
Towards a stronger, more sustainable and unified Atria
The year 2026 is the first year when the new strategy will be put into practice. We are building on a strong foundation and are making determined progress in strategic projects. The direction is clear, and our goal is to produce good food every day while building a stronger, more sustainable and more unified Atria.
I would like to warmly thank all Atria employees, customers, producers, partners and investors for their cooperation and trust. We will continue our work to produce good food this year - together.
Good food - better mood.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development
Highlights of the year
ATRIA 2025 ATRIA'S YEAR 2025 8
FINANCIAL DEVELOPMENT
Atria's value chain
ATRIA'S DIRECTION
ATRIA GROUP'S KEY INDICATORS, EUR MILLION
GROSS INVESTMENTS, % OF NET SALES
%
ADJUSTED EBIT, EUR MILLION AND % OF NET SALES
EUR million %
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment
Net sales EBIT EBIT, %
Adjusted EBIT * Adjusted EBIT, % * Balance sheet total
Adjusted return on equity, % * Equity ratio, %
Net gearing, %
2024
1,755.4
66.4
3.8
65.4
3.7
984.8
10.1
43.2
61.8
2025
1,813.7
64.0
3.5
69.9
3.9
999.4
11.0
45.7
48.1
* EBIT adjustment items 2025 totalled -5.9 EUR million (+1.0 EUR million).
8 7.7
6.3
3.6
3.0
2.3
7
6
5
4
3
2
1
0
2021 2022 2023 2024 2025
75 69.9
65.4 | 3.9 | |||||||||
3.7 | ||||||||||
49.2 49.0 49.6 | ||||||||||
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0
2021 2022 2023 2024 2025
5.0
4.0
3.0
2.0
1.0
0
Contacts
NET SALES, EUR MILLION
EUR million
1,697
1,753
1,755
1,814
1,540
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
ADJUSTED EPS, EUR
EUR
1.8
1.43 1.38 | |||||||||
1.27 | |||||||||
0.98 | |||||||||
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
1.61
EQUITY RATIO, %
%
44.9
45.7
41.7
43.2
50 48.7
40
30
20
10
0
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
2021 2022 2023 2024 2025
CONTENT
ATRIA 2025
Atria in brief CEO's review
ATRIA 2025 ATRIA'S YEAR 2025 9
Financial development
261.8
234.7
218.7
152.6
10.1
8.9
8.2
7.3
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
16
18
16
14
12
10
8
6
4
2
0
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
ACCIDENT FREQUENCY RATE
PERSONNEL AVERAGE FTE
2025
2024
2023
2022
50 2
0
2021 2022 2023 2024 2025 2021
4
100
6
150
8
200
10
250
11.0
274.2
ADJUSTED RETURN ON EQUITY (ROE), %
NET DEBT, EUR MILLION
EUR million
300
%
12
ATRIA GROUP'S CARBON FOOTPRINT, TONNES CO2e
1,000 tonnes CO2e
100
80
60
40
20
0
2022 2023 2024 2025
Scope 2
Scope 1
Target
The calculation of the Group's greenhouse gas emissions is based on the international GHG protocol (Greenhouse Gas Protocol). The calculation covers greenhouse gas emissions from Atria's industrial production process in companies of which Atria owns more than 50 percent, in line with Scope 1 and Scope 2.
Scope 1 (red) covers direct emissions from energy sources that are owned or controlled by the reporting company, and that are used for heating and production, for example.
Scope 2 (yellow) covers indirect emissions from purchased electricity, steam and heat production, and from cooling. Scope 2 reporting is based on a cost-based calculation method and employs the emission values of known energy sources or the national residual mix.
Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends
Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND
DEVELOPMENT
INVESTOR INFORMATION
3,711
3,898
3,698
3,864
3,785
14 | 14 | |||||||||
12 | ||||||||||
10 | ||||||||||
Atria as an investment Contacts
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year
ATRIA 2025
HIGHLIGHTS OF THE YEAR
ATRIA'S YEAR 2025 10
Atria's value chain
ATRIA'S DIRECTION
Food market trends
JANUARY JULY JUNE/AUGUST
Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
CHICKEN MEAT EXPORTS TO CHINA BEGAN
At the turn of the year, the first deliveries of Atria chicken meat, chicken feet in particular, left for China. The products are transported from Nurmo to Shanghai and further inland to restaurant chains and industrial customers. The export advantage is the purity and high quality of Finnish meat.
APRIL
FUTURE CONVENIENCE FOOD FACTORY TO BE BUILT IN NURMO
Atria is investing more than EUR 80 million in the modernisation of its convenience food production in Nurmo and in carbon-free energy solutions. The
modernisation enables the development of innovative products, improves energy efficiency and supports Atria's goal of a carbon neutral food chain. Earthworks began in November, and the new development is expected to be completed in 2028.
AFRICAN SWINE FEVER IN ESTONIA
Infections of African swine fever were detected at two Atria pig farms in Estonia, one in June and the other in August. The farms were cleaned and disinfected. Meat from the farms is not exported to Finland or Atria's other operating areas. Thanks to the state compensation scheme in Estonia, the direct financial impacts of the outbreaks on Atria remained limited.
INVESTOR INFORMATION
Atria as an investment Contacts
INVESTMENT IN A NEW PANCAKE PRODUCTION LINE
Atria Finland is investing EUR 7 million in a new pancake production line to meet growing demand and
READ MORE READ MORE
KATI JANHUNEN APPOINTED AS ATRIA GROUP'S EVP, SUSTAINABILITY
SEPTEMBER
strengthen its position in the convenience food market. The investment makes it possible to develop the product range and increase production capacity for exports as well. The new line will be commissioned in the summer of 2026.
Kati Janhunen has been appointed as Atria Group's Executive Vice President, Sustainability. She will take on the position after Merja Leino' retirement in the summer of 2026. Kati Janhunen has been a member of Arla Finland's Management Team. She brings with her
solid experience in the development of sustainability and consumer brands. She will also become a member of the Atria Group Management Team.
READ MORE
ATRIA PUBLISHES ITS NEW TOGETHER 2030 STRATEGY
Atria published its new TOGETHER 2030 strategy for 2025-2030. The objective of the new strategy is for Atria to become the Winning Northern European Food Company. The strategy focuses on strengthening the core business, investing in growing product categories,
increasing collaboration, and sustainable renewal. Financial targets include net sales of over EUR 2 billion and a return on equity of 12 percent.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development
Highlights of the year
Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
SALT CONTENT OF ATRIA PRODUCTS DOWN BY 15 PERCENT
Atria reduced the salt content of its products by an average of 15 percent during 2020-2024 as part of comprehensive nutritional responsibility efforts. As a result, more and more products meet the Heart Symbol (Sydänmerkki) criteria. Atria continues to work on developing healthy and tasty food options.
Atria Finland Atria Sweden
Atria Denmark & Estonia
NOVEMBER
RESEARCH AND DEVELOPMENT
ATRIA WINS THE WORLD'S BEST GRASS-FED FILLET COMPETITION
At the World Steak Challenge 2025, Atria won the World's Best Grass-Fed Fillet category, which is yet another testament to the high quality and sustainability of Finnish grass feeding. The victory was the result of cooperation between Atria and JN Meat International, and the strong professionalism of Finnish family farms. With the new Nurminauta® (Grass-Fed Beef) registered trademark, Atria wants to highlight the animals' feeding on Finnish grass and the sustainable production methods.
READ MORE
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA 2025 ATRIA'S YEAR 2025 11
SEPTEMBER
OCTOBER
DECEMBER
NEW OPERATIONS TO SUPPORT NEW STRATEGY
Atria established two new operations, Industrial Operations and Product Export, in support of the new TOGETHER 2030 strategy. Tauno Perälä, in charge of Industrial Operations, and Gustaf Birkoff, in charge of Product Export, were appointed as the leaders of the new operations and members of the Management Team. The aim is to enhance Group-level production and increase exports, as well as Foodservice cooperation.
MODERNISATION OF BEEF PRODUCTION IN KAUHAJOKI
Atria invests EUR 16 million in the Kauhajoki factory to modernise beef production and to develop processes. The aim is to strengthen the processing of high-quality Finnish beef for domestic and export markets. In addition, the investment will improve production efficiency and competitiveness.
READ MORE
ATRIA INVESTS IN PRODUCTION OF MEAT PRODUCTS IN SKÖLLERSTA
Atria is investing approximately EUR 23 million in the production of meat products at the Sköllersta plant
in Sweden, including a continuously operating new production line, and the expansion and upgrading of the production site. The investment replaces old equipment and improves energy efficiency, product quality and the reliability of deliveries, and enables the production of sausages and the expansion of the product range.
READ MORE
ATRIA'S POSITION AS A SUSTAINABLE BRAND STRENGTHENED
Atria has risen 28 places in the 2025 Sustainable Brand Index and now ranks 13th in the food industry. The development reflects the strengthening of Atria's brand as a sustainable and domestic food company. In particular, consumers appreciate Atria's transparency, nutritional quality and sustainable packaging solutions.
CONTENT
ATRIA 2025
Atria in brief CEO's review
RESOURCES AND INPUTS
Financial development Highlights of the year
ATRIA 2025 ATRIA'S YEAR 2025 12
ATRIA'S VALUE CHAIN
Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
RAW MATERIALS AND OTHER MATERIALS
Meat raw materials: pork, beef, poultry
Other raw materials
Packaging and other materials
HUMAN RESOURCES AND DEVELOPMENT
Atria Finland: 2,463
Atria Sweden: 880
Atria Denmark & Estonia: 442
INTANGIBLE CAPITAL
Brands, patents, concepts
Competence
Research and development: EUR 14.8 million
INVESTMENTS
Investments: EUR 54.2 million
FINANCING
Equity and liabilities: EUR 999.4 million
ENERGY CONSUMPTION
Energy consumption: around 468 GWh, of which renewable sources represent around 30 percent
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
PRIMARY PRODUCTION
ATRIA'S INDUSTRIAL AND COMMERCIAL OPERATIONS
Atria Finland - Atria Sweden - Atria Denmark & Estonia
CUSTOMERS CONSUMERS
Industrial and export clients
Foodservice Retail
BUSINESS MODEL AND IMPACTS
Strategy: TOGETHER 2030 Strategic objectives: STRONG FINANCIAL PERFORMANCE | GROWTH AND COLLABORATION | SUSTAINABLE, LONG-TERM RENEWAL
VALUE CREATED BY ATRIA
PRODUCERS AND PARTNERS
Purchases from producers, subcontractors and other partners
Total purchases and other expenses: EUR 1,473.5 million
CUSTOMERS
Sales to consumer product and primary production customers and other revenues: EUR 1,818.2 million
PERSONNEL
Total salaries and bonuses: EUR 224.9 million
SOCIETY
Corporate taxes and social security expenses: EUR 66.0 million
SHAREHOLDERS AND FINANCIERS
Dividends: EUR 20.8 million
Financial income and expenses: EUR -10.7 million
RESEARCH AND DEVELOPMENT
In addition to its own research and product development activities, Atria participates in applied research in product and packaging technology, nutrition and environmental efficiency, among other fields
COMMUNITIES
Support for public and private organisations and associations, including ones working
with children and young people's physical exercise and competitive sports
The value chain illustration demonstrates the financial impacts of the different stages of the value chain. The impacts and risks in accordance with the ESRS standards for sustainability reporting are presented in detail in the Sustainability Statement in section ESRS2 General disclosures - Strategy - Strategy, business model and value chain.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 13
ATRIA'S DIRECTIONCONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
FOOD MARKET TRENDS
Healthiness and sustainability
Consumers' awareness of healthy lifestyles and the demand for healthy food are noticeable in the market. For example, fruit and vegetable sales have increased.
Easier cooking
Demand for easy-to-cook ingredients is increasing, as seen for example in the growing demand for minced meat.
Ease
Ease is becoming more and more important for consumers, and consumers are increasingly hoping for food that makes everyday life easier. Consumer demand is met by more varied convenience food prepared at stores, for example.
ATRIA'S YEAR 2025 14
Processed food
Consumers' concern about food processing has increased, and particular attention is paid to ultra-processed food. However, ultra-processed food divides opinions, and the concept is not precisely defined.
Protein
Protein consciousness is increasing. This is related to an increased overall awareness of food content. The discussion is driven by social media influencers who produce exercise-related content.
Plant-based proteins vs meat
Interest in vegetarianism is an established phenomenon in the 2020s. However, utilising plant proteins as part of diets has not reduced total meat consumption. Meat is also seen as a good source of protein among health-conscious people.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development
ATRIA'S DIRECTION
PASI LUOSTARINEN
Executive Vice President, Marketing & Market Insight
Moderate market development
ATRIA'S YEAR 2025 15
Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends
Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
in a challenging operating environment
The year 2025 began on an economically challenging note. The general economic downtrend and uncertainty were reflected in consumer sentiment across all Atria markets, especially eating out. Although there was no significant change from 2024, the retail trade of consumer goods developed moderately and the sales of our food product categories grew by about 2 percent.
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
In 2025, food prices continued to rise, but inflation was clearly more moderate than in previous years. Price development in Finland, Sweden and Denmark was steady, while inflation was significantly higher in Estonia. Consumers continued to be cautious, and no significant changes were seen in purchasing behaviour. The proportion of private label products remained largely unchanged, and consumers also continued to spend money on more luxurious products.
Consumption habits largely continued along the lines of previous years. Demand for poultry and convenience food increased in all markets. This boosted the growth of Atria's sales in both Finland and Sweden. The year was marked by an exceptional change in the meat market, as a shortage in the supply of beef led to a decrease in beef consumption and, correspondingly, a strong increase in pork consumption.
Total meat consumption continued to grow. At the same time, the consumption of plant-based foods, vegetables and fruits increased, which indicates a diversification of the diet without a clear health boom. In Finland, the extensive public debate on nutrition recommendations weakened the demand for meat products, especially cold cuts consumed as sandwich toppings.
In the other Nordic countries, no similar effect was seen, and the meat products market remained fairly stable.
The development of the restaurant market varied from country to country, especially with regard to dining restaurants. In Sweden, the restaurant market recovered significantly during the year, especially in large cities. In Finland, growth was focused on fast food, with dining restaurants still lagging behind. The role of online food sales remained unchanged or decreased slightly in Finland, Sweden and Estonia, while moderate growth was seen in Denmark.
Atria responds to market changes primarily with country-specific productisation and market-based pricing. The new TOGETHER 2030 strategy focuses on poultry, convenience food and on increasing exports of ready-to-eat products. An extensive product and brand portfolio enables flexible responses even in an uncertain market environment.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
ATRIA'S DIRECTION
MEAT CONSUMPTION IN FINLAND 2025, MILLION KG
TOTAL MEAT CONSUMPTION WAS AT LAST YEAR'S LEVEL
Chicken consumption increased
2%ATRIA'S YEAR 2025 16
Food market trends
Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
174.7
Pork Beef Poultry
94.3
157.1
Beef consumption decreased
5%Pork consumption increased
2%RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIAN EDUSTAMIEN TUOTERYHMIEN KEHITYS VUONNA 2025 VÄHITTÄISKAUPPAMARKKINASSA ARVOSSA MITATTUNA
Consumer packed red meat | +3.1% |
Consumer packed poultry | +3.0% |
Sausages and other meat products | -1.8% |
Cold cuts | -4.4% |
Convenience food | +1.9% |
Atria's product categories, total | +0.8% |
Sausages | +0.2% |
Fresh poultry | +14.8% |
Cold cuts | +1.0% |
Fresh convenience food | +8.4% |
Atria's product categories, total | +4.5% |
Fresh meat (excluding poultry) | +5.4% |
Sausages | -1.3% |
Convenience food components | +1.2% |
Marinated meat | +2.5% |
Cold cuts | +1.5% |
Atria's product categories, total | +2.0% |
Cold cuts | +0.3% |
ATRIA FINLAND
Market development in value
ATRIA SWEDEN
Market development in value
ATRIA ESTONIA
Market development in value
ATRIA DENMARK
Market development in value
CONTENT
ATRIA 2025
SAFETY, PEOPLE & COMMUNICATION
EFFICIENCY, DIGITAL & AI
COMMERCIAL EXCELLENCE
ONE ATRIA
ENABLERS
RENEW FOR THE FUTURE
COLLABORATE TO GROW
ACCELERATE IN GROWTH CATEGORIES
GROW & OPTIMIZE OUR CORE
BIG MOVES
SUSTAINABLE LONG-TERM RENEWAL
LEAD KPI: CO2 EMISSIONS VS. 2020: -42% SCOPE 1-2; - 20% SCOPE 3 (PER MEAT KG)
LEAD KPI: 5% EBIT LEAD KPI: NS >€2BN
GROWTH AND COLLABORATION
STRONG FINANCIAL PERFORMANCE
STRATEGIC TARGETS
& KPIS
TOGETHER 2030WINNING NORTHERN EUROPEAN FOOD COMPANY GOOD FOOD, BETTER MOOD
VISION & MISSION
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
ATRIA'S STRATEGY 2025-2030
Atria announced its new strategy for 2025-2030 in September 2025. Called TOGETHER 2030, the strategy highlights the importance of working
together to achieve our vision - to be the winning Northern European Food Company. Our strategy focuses on ensuring the competitiveness of our core business, allocating investments and resources to rapidly growing product categories, increasing cross-border cooperation to exploit economies of scale and to renew ourselves to meet future needs. Atria has clearly defined business areas and strong local organisations: Atria Finland, Atria Sweden, and Atria Denmark & Estonia.
Atria has over 120 years of tradition, strong economic performance and skilled, motivated people. Our new strategy is a managed and consistent development path - built on a strong core business and proactive exploitation of future opportunities.
ATRIA'S YEAR 2025 17
CONTENT
ATRIA 2025
Atria in brief
CEO's review
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 18
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
WE PURSUE OUR OBJECTIVES THROUGH FOUR KEY STRATEGIC ACTIONS (BIG MOVES)
Grow and Optimise Core Business
Red and processed meat is a major part of our core business and continues to be a focus during our next strategy period. The objective is to grow organically and optimise our efficiency.
Accelerate in Growth Categories
Poultry and convenience foods are the fastest growing product categories in our portfolio, and we expect to grow fast in them. We have set ourselves up to seize profitable growth opportunities and will invest relatively more into these categories during our strategy period.
Collaborate to Grow and Scale our Operations
We have a strong local presence in our four markets. We drive collaboration and scale to become more efficient and get the most from our assets. Areas for increased collaboration include cross-border scale, net revenue management and product exports.
Renew for the Future
In addition to focusing on growth today, we must continuously renew to secure our future competitiveness. Our renewal focus is on sustainability, being the best partner for owner-producers, developing our unique unified food chain with tech, continuing to develop our healthy food solutions and readiness to expand to alternative proteins. We also empower our people for growth.
List of things on which we will not focus:
We will not expand into new "home markets" outside Finland, Sweden, Estonia and Denmark.
We will not leave any of our current main categories.
We will not expand into completely new categories at Group level (such as dairy products). However, we will maintain the ability to produce alternative proteins.
We will not expand into new businesses that are not closely linked to our current core competence, food production.
FINANCIAL TARGETS | ACTUALISED 2025 |
Net sales > EUR 2 billion | EUR 1.8 billion |
EBIT 5%1) | 3.9% of net sales |
Equity ratio 40% | 45.7% |
Return on equity 12%1) | 11.0% |
Dividend distribution 50% 1) 2) of the profit for the period | 46.6% |
Strategy enablers
ONE ATRIA CULTURE
Increased cooperation supported by the ONE Atria culture, new functions, systems and goals.
COMMERCIAL EXCELLENCE
Focus on innovation, sales excellence, category improvement and brand management.
EFFICIENCY, DIGITAL & ARTIFICIAL INTELLIGENCE
Improved cost-efficiency and better digital and artificial intelligence capabilities.
SAFETY, PEOPLE & COMMUNICATION
Safety first and continuous human resources development, and employee wellbeing.
More internal and external communication.
The figures are presented adjusted for items affecting comparability.
The Board of Directors' proposal for the dividend to be distributed for the financial year 2025 is EUR 0.75.
CONTENT
ATRIA 2025
ATRIA AS AN INVESTMENT
Excellent financial performance
Record-high adjusted EBIT
Equity ratio 45.7 percent, adjusted return on equity
11.0 percent
Unique products and strong market positions
Consistent success in the World Steak Challenge
Strengths of Finnish meat production: meat grown without antibiotics and a salmonella-free production chain
Unique traceability of family farms with product-specific carbon footprints
Strong brand positions in four business areas: Finland, Sweden, Denmark and Estonia
We are well positioned in the large and fast-growing product categories of poultry and convenience foods.
An ambitious and feasible new strategy
Ambitious strategic objectives
Tangible projects support our goals
The new strategy also aims to maintain strong development outside Finland
We are already well on our way to achieving our goals.
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
TWO NEW FUNCTIONS WILL BE ESTABLISHED WITHIN ATRIA GROUP TO SUPPORT NEW TOGETHER 2030 STRATEGY
Atria Group Industrial Operations
The objective of the Atria Group Industrial Operations function is to focus on strategic themes and enable
the scaling of operational efficiency across country borders. It ensures the functioning of the cross-country scaling model, makes the best expertise available to major investments at Group level and guides the longterm planning of the plant network at Group level.
Responsibility for results remains with business areas, and local industrial operations will continue to have operational responsibility, as they do today.
Atria Group Product Export
The priority of the Atria Group Product Export function, with the business areas, is to promote product exports,
as well as to strengthen cross-border Foodservice cooperation to better serve major customers.
Responsibility for results remains with business areas, and no changes will be made to local export and Foodservice teams.
Strengthening the competitiveness and production efficiency of our core business is at the heart of our TOGETHER 2030 strategy. We allocate investments and resources to rapidly growing product categories and deepen cross-border cooperation to take advantage of economies of scale. Our goal is to build new export operations and strengthen cooperation between business areas in export. Tauno Perälä, who is responsible for the Atria Group Industrial Operations function and serves as a member of the Group Management Team, and Gustaf Birkoff, who heads the Atria Group Product Export function, play central roles in the implementation of these strategic priorities.
ATRIA'S YEAR 2025 19
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 20
Strategy
STRATEGIC MEASURES | IMPLEMENTATION 2025 | |||
ATRIA GROUP | ATRIA FINLAND | ATRIA SWEDEN | ATRIA DENMARK & ESTONIA | |
GROW AND OPTIMISE CORE BUSINESS |
|
| Atria Denmark:
| |
ACCELERATE IN GROWTH CATEGORIES |
|
| Atria Estonia:
| |
COLLABORATE TO GROW |
|
| Atria Estonia:
| |
RENEW FOR THE FUTURE |
|
|
| Atria Denmark:
|
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland
Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
CASE
ATRIA'S YEAR 2025 21
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA INVESTS OVER EUR 80 MILLION IN THE MODERNISATION AND GREEN TRANSITION OF THE CONVENIENCE FOOD FACTORY IN NURMO
Atria invests a total of EUR 82.4 million in the modernisation of convenience food production and green transition energy solutions in Nurmo. The investment covers the renovation of the production plant, the introduction of energy-efficient technical systems and the decarbonisation of heat production. The modernisation improves the quality of products, enables the development of innovative convenience foods and utilises the latest technology. The project supports Atria's ambitious environmental goals and creates a model for a carbon-neutral factory concept.
Energy consumption is expected to decrease by approximately 50,000 MWh, or 21 percent of Atria Finland's consumption, resulting in annual savings of more than EUR 5 million. Over three years, carbon dioxide emissions (Scopes 1 and 2) will be halved through a reduction of 32,000 equivalent tonnes. Business Finland granted a clean transition grant of EUR 24.7 million to the project.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development
Highlights of the year
ATRIA'S DIRECTION
ATRIA'S STRATEGY 2021-2025
ATRIA'S YEAR 2025 22
Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
Atria's previous strategy period ended in the autumn of 2025. The main objective of the previous strategy period was to accelerate growth and improve profitability.
CONTENT
ATRIA 2025
Atria in brief
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 23
CEO's review Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends
Consumer behaviour
Atria 2025: Growth, profitability and investments
TOMAS BACK
CFO, Deputy CEO
In 2025, Atria refined its financial targets in accordance with the new Atria TOGETHER 2030 strategy. The Group's net sales target is now over EUR 2 billion, and the return on equity target was increased to 12 percent from the previous 10 percent.
Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
Atria's financial situation is strong: adjusted operating profit in 2025 was record-breaking, and return on equity exceeded
previous targets. Growth in adjusted operating profit was good compared to the previous year. The balance sheet remained strong, and the dividend payment to owners grew steadily - a dividend of EUR 0.60 per share was paid in 2024, while in 2025, the dividend was EUR 0.69 per share. Now the Board of Directors of Atria Plc proposes a dividend of 0.75 euros per share.
The equity rate exceeded targets at approximately 45.7 percent, and net gearing remained at a good level. Under the new strategic period, the return on equity target was raised to 12 percent.
This strategy makes clear choices: it focuses on strengthening and optimising core businesses, and seeks growth in growth categories and through cooperation between the Group's businesses. Investments are directed at growth and essential maintenance.
A significant investment was launched in 2025: a programme worth approximately EUR 110 million in convenience food production in Finland. The programme included an investment of EUR 7 million in thin pancake production, and EUR 82.4 million in convenience food production and related energy solutions. In addition, a maintenance investment of EUR 16 million was launched to renew beef production processes at the Kauhajoki factory.
At the end of the year, Atria decided to invest approximately EUR 23 million in meat product production at the Sköllersta plant in Sweden.
These investments are intended to streamline operations and improve profitability in the coming years, as well as to drive growth in segments that are important to us.
At the end of the year, the average maturity of loans and credit facilities was 3 years and 7 months, and the Group's liquidity remained strong.
The average interest rate on loans at the end of the year was 3.36 percent, compared to 3.76 percent in the previous year. Atria has reduced its interest rate risk by dividing its financing between variable- and fixed-rate loans, and by hedging with interest-rate derivatives. At the end of the year, fixed-rate debt accounted for
47.6 percent of the total loan portfolio.
At the end of the year, the company had EUR 50 million in undrawn committed credit facilities that were not used during the review year, as well as a EUR 200 million commercial paper programme that was used for short-term financing.
ATRIA'S FINANCIAL TARGETS AND ACTUALS | ACHIEVED | ||
2025 | 2024 | 2023 | |
Net sales: EUR 2,000 million | 1,813.7 | 1,755.4 | 1752.7 |
EBIT: 5% 1) | 3.9% | 3.7% | 2.8% |
Equity ratio: 40% | 45.7% | 43.2% | 41.7% |
Return on equity: 12% 1) | 11.0% | 10.1% | 7.3% |
Dividend distribution: 50% of the profit for the period 1) 2) | 46.6% | 50.0% | 61.2% |
1) The figures are adjusted for items affecting comparability, formulae for the calculation of key indicators are found on pages 25-26 in the Board of Directors' Report, Sustainability Statement and Financial Statements 2025.
2) The Board's proposal for the dividend to be distributed for 2025 is 0.75 EUR/share.
CONTENT
ATRIA 2025
Atria in brief
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 24
CEO's review Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
Sustainability is at the core of Atria's strategy - and the focus is on the future
The year 2025 marked a significant milestone in Atria's sustainability work. The renewed TOGETHER 2030 strategy has sustainability at its core, and this is reflected in all our operations throughout the value chain.
During the year under review, we focused particularly on climate goals and promoting emissions reductions based on Science Based Targets. This work takes place through day-to-day decision-making, both in our own operations and in our supply chain, in conjunction with producers and partners.
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
Good progress in climate work both in our own operations and the supply chain
Reducing greenhouse gas emissions is a key environmental goal of our sustainability work throughout the food chain. This is highlighted by the fact that the Science Based Targets-based emissions reduction targets have also been placed at the heart of the Group's renewed TOGETHER 2030 strategy as one of
its strategic targets. In 2025, we took further significant steps towards reaching our emission reduction targets.
In our own operations (Scopes 1 and 2), we focused on energy efficiency and energy quality. We implemented and advanced several investments such as heat recovery at our modern poultry plant, investments in electric boilers, and designing a future convenience-food factory - solutions that reduce emissions over the long term.
Among our most significant ongoing projects are the modernisation of convenience food production and green transition energy solutions in Nurmo. The total of these investments amounts to EUR 82.4 million. These actions are expected to reduce the plant's energy consumption by approximately 50,000 MWh, which corresponds to 21 percent of Atria Finland's total consumption and will bring annual savings of more than EUR 5 million. Within three years, carbon dioxide emissions (Scopes 1
and 2) will be halved by 32,000 equivalent tonnes. This project will receive EUR 24.7 million in clean transition investment support from Business Finland.
In the supply chain (Scope 3), our focus is on farm-level actions. We further developed the carbon footprint calculators for the production of beef, pork and poultry, and expanded their coverage. The calculators help identify emission sources and effective reduction actions. In feeds, we continued to reduce the use of soy and increase the use of domestically produced protein. The biogas plant to be completed in Nurmo will enable the processing of slurry in a new way and will significantly reduce the emissions from primary production in the future. CONTINUED →
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
Improving animal welfare is an essential part of our sustainability. In the pig chain, free farrowing has been systematically increased, and more than half the pork we procure already comes from free farrowing farms. The grass-fed beef operating model supports animal welfare and the circular economy. Antibiotic-free production continued strong in all production segments.
People, products and quality at the heart of sustainability
Employee wellbeing and safety at work are key areas of our sustainability programme. Safety at work is our most important metric, and it continued to develop positively in 2025: the incident rate fell significantly, and in Denmark, for example, the milestone of 500 consecutive accident-free days was reached.
In the personnel surveys, we got excellent results again. The response rate went up, and the employees' willingness to recommend Atria as an employer increased, which indicates employee commitment and trust.
For consumers, we raise our sustainability profile through our products and communications. The Heart Label, antibiotic-free products and the traceability of our products to farms remain key responsibility factors, and the Hyvää Suomesta label (Produce of Finland) for feed strengthens our communication about domestic origin and transparency. High quality is the
basis of our operations: the Number one in Quality development continued, and Atria's Quality Ambassadors promoted a culture of quality across the various operations in our production chain. Quality indicators are actively monitored, and continuous improvements are made as a result.
ATRIA'S YEAR 2025 25
MERJA LEINO
Executive Vice President, Sustainability
Looking ahead - strategy implementation and sustainability programme
The year 2025 was marked by extensive and constantly changing sustainability regulation. This was our first year under the scope of the Corporate Sustainability Reporting Directive (CSRD), and we prepared a third-party audited Sustainability Statement in accordance with the directive on our own. The work required
significant resources, and the double materiality assessments and new reporting requirements gave us new perspectives on our sustainability work, as well as a strong basis for future reporting and comparability.
Our focus is already on implementing the new TOGETHER 2030 strategy and the new sustainability programme to be published at the beginning of 2026. We are developing the commercialisation of sustainability, strengthening sustainability communications, and building a group-wide training programme that ensures every Atria employee can talk proudly about our sustainability work.
The year 2025 was also personally significant for me: it was my last full year as Atria's EVP for Sustainability before my retirement in the summer of 2026. As I am entering a new phase in life, above all, I'm feeling grateful. I would like to warmly thank all Atria employees and partners for allowing me to do meaningful work with you for the last 30 years and to develop a sustainable food chain together.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
ATRIA'S DIRECTION
CASE
ATRIA STRENGTHENS ITS POSITION AS A SUSTAINABLE CONSUMER BRAND
According to the 2025 Sustainable Brand Index survey, Atria's ranking in the food industry has improved by 28 places, and the company is now ranked the 13th. In the overall assessment, Atria improved its ranking from 56th to 41st place, which reflects Atria's strengthened brand image as a sustainable Finnish food company among consumers. The Sustainable Brand Index is Europe's largest independent sustainability brand survey, based on a comprehensive consumer survey and covering both environmental and social responsibility.
Atria's success is based on long-term sustainability communication and consistent brand development. Improvement is particularly visible in the areas of Finnish origin, sustainable packaging, and nutrition. Consumers perceive Atria's communications as credible and transparent, which strengthens the brand's position as a responsible operator. Consumers' expectations for sustainability have increased, and they expect companies to make sustainable choices on their behalf, which also challenges Atria to renew itself continuously.
ATRIA'S YEAR 2025 26
CONTENT ATRIA 2025
Atria in brief
ATRIA'S DIRECTION
ATRIA'S YEAR 2025 27
CEO's review Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour
Strategy
Together towards a safer and more competent Atria
JENNIFER PAATELAINEN
Executive Vice President, Human Resources
The year 2025 was marked by strong cooperation and determined development for Atria. Investments in occupational safety, competence building, a new strategy and employee engagement were reflected in both everyday operations and the employees' experiences. Positive developments were also seen in key personnel indicators.
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
Safety at work comes first
In 2025, safety at work was a key priority in all Atria's countries of operation. After the drop in the previous year, the accident frequency rate improved again. Safety was improved through management's personal commitments, safety-themed days and weeks, campaigns, and extensive training, for example. Longterm efforts have continued to further increase open safety discussions.
Safety at work was also included in the Atria Awards with the addition of a new Safety category. This initiative highlighted actions to promote occupational safety and strengthened our common safety culture. The 2025 award went to Atria Denmark for its outstanding achievement: more than 500 consecutive accident-free days at work.
Human resource development and growing competence
Another key focus for 2025 was the development of employee competence. The new Pathfinder programme on artificial intelligence was launched through an open application process, which attracted more than 200 applications from all over Atria. A total of 115 participants were selected. The programme aims to increase understanding and practical knowledge about the use of artificial intelligence such as Copilot in work and business.
The results have been tangible: more efficient use of time and new ways of working.
The Atria Growth Engine innovation programme (AGE) also continued with a new group of participants, strengthening innovation expertise and cooperation across country borders.
New strategy: TOGETHER 2030
The new strategy prepared during the year, TOGETHER 2030, was built openly and inclusively. For example, the entire personnel participated in the strategy work by answering open-ended questions in the personnel survey, and the progress of the process was communicated transparently. The name of the strategy reflects a common objective: one Atria, where safety, people and communication are highlighted as key facilitators of strategy implementation. Alongside strategy work, an overhaul of the company's values started with the intention of better supporting the company's common direction.
Stronger employee engagement
The results of the personnel survey show that employee engagement at Atria is strong and getting even stronger - at a time when many other organisations are experiencing the opposite situation. The response rate increased to 78 percent, and the willingness to recommend Atria as an employer to 85 percent. Engagement improved in all personnel groups.
Behind the excellent result are the employees' experience that their work is meaningful, clear goals, team and project work, and the perceived attractiveness of the company's values and strategy, for example. The long-term investment in leadership, communication and human resource development is strongly reflected in the results.
CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
ATRIA'S DIRECTION
NUMBER OF PERSONNEL ON AVERAGE, FTE
5,000
4,500
3,711
3,698
3,898
3,864
3,785
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
ATRIA'S YEAR 2025 28
PROPORTION OF WOMEN/MEN, HC100
%
100
80
60
40
20
0
Atria Finland
Atria Sweden
2021 2022 2023 2024 2025
Atria Finland
Atria Sweden Atria Denmark Atria Estonia
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
2022
WomenMen
2023
WomenMen
2024
WomenMen
2025
WomenMen
Atria as an investment Contacts
ACCIDENT RATE IN THE ATRIA GROUP BY BUSINESS
AREA 2022-2025, HC100
20
SICKNESS ABSENCES FROM REGULAR WORKING HOURS, HC100
%
10
8
15
6
10
4
5
2
0
Atria Finland
Atria Sweden
Atria Denmark
Atria Estonia
0
Atria Finland
Atria Sweden
Atria Denmark
Atria Estonia
2022 2023 2024 2025 2022 2023 2024 2025CONTENT
ATRIA 2025
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR INFORMATION
Atria as an investment Contacts
BUSINESS AREAS
ATRIA'S YEAR 2025 29
BUSINESS AREASCONTENT
ATRIA 2025
BUSINESS AREA | CUSTOMERS | CORE PRODUCT CATEGORIES | BRANDS | PERSONNEL (FTE) | NET SALES | ADJUSTED EBIT |
ATRIA FINLAND |
|
|
| 2,463 65.1% of the Group's personnel | EUR 1,319.6 million 71.8% of the Group's net sales | EUR million 62.2 |
ATRIA SWEDEN |
|
|
| 880 23.2% of the Group's personnel | EUR 392.7 million 21.4% of the Group's net sales | EUR million 8.3 |
ATRIA DENMARK & ESTONIA |
|
|
| 442 11.7% of the Group's personnel | EUR 124.8 million 6.8% of the Group's net sales | EUR million 4.9 |
Atria in brief CEO's review
Financial development Highlights of the year Atria's value chain
ATRIA'S DIRECTION
Food market trends Consumer behaviour Strategy
Sustainability as a part of strategy
Atria as an employer
BUSINESS AREAS
Atria Finland Atria Sweden
Atria Denmark & Estonia
RESEARCH AND DEVELOPMENT
INVESTOR
INFORMATION
Atria as an investment
BUSINESS AREAS
ATRIA'S YEAR 2025 30
Contacts