Business Risks Q4/2025

Atria Group’s business, net sales and result can be affected by many uncertainties. Atria describes its business risks and risk management in detail in its Annual Report 2024, which is available at www.atria.com/en/investors/financial-information/annual-reports/.

During the reporting period, uncertainty continued due to both the continuation of the war in Ukraine and the escalation of global geopolitical tensions. Combined with the unstable US tariff policy, these affected market behaviour, consumer sentiment and purchasing decisions.

 

Pork prices in Europe have fallen in the second half of 2025, and the pork market is expected to remain unstable at least for the first half of 2026. In September, China imposed import duties on European pork, which has affected the pork market and products have remained on the European market. In addition, African swine fever was detected in Spain in the fourth quarter of 2025 which restricts the export of Spanish pork outside Europe.

 

During the reporting period, the animal disease risks in Finland and nearby areas remained moderate. African swine fever was detected in Estonia in the summer. At the moment, the situation is calm, but the risk of the disease remains. The economic and operational impacts of the disease on Atria have not been significant. The foot-and-mouth disease situation in Europe has remained stable. During the last quarter of 2025, avian influenza was detected in Sweden. This is expected to affect the availability of poultry in Sweden, at least during the first quarter of 2026. Atria has protective measures in place in its own production plants and on its contract farms.

 

European beef production has declined in recent years, while consumption has remained unchanged. This is creating an imbalance in the beef market.

The fight against cybercrime and information system disruptions requires continuous development and a proactive approach. Systematic monitoring is key, as it enables the timely detection of threats. The continuous improvement of cybersecurity through system upgrades, employee training and the introduction of new technologies is also very important.