Business Risks Q1/2026
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 2025, which is available at www.atria.com/en/investors/financial-information/annual-reports/.
During the review period, uncertainty has significantly increased due to the conflict in the Middle East that started in February 2026. The conflict is particularly reflected in the energy markets and oil price development, which have a direct impact on Atria’s transport costs throughout the food supply chain. In addition, there are cost pressures on packaging materials as well as primary production, including the prices of feed components, fertilisers and fuels.
In addition, uncertainty continued due to both the continuation of Russia’s war of aggression in Ukraine and the escalation of global geopolitical tensions. Combined with the unstable US tariff policy, these affected market behaviour and consumers’ purchasing decisions and confidence. In 2025, China imposed import duties on European pork, which affected the pork market, with more products remaining on the European market. In addition, African swine fever was detected in Spain in the last quarter of 2025. For these reasons, pork prices in Europe fell during the second half of 2025, and the pork market is expected to remain unstable at least for the first half of 2026.
During the review period, animal disease risks in Finland and nearby areas remained moderate. In Sweden, there was an avian influenza epidemic at the end of 2025, which significantly reduced the supply of poultry on the Swedish market during the first quarter. The situation has now stabilised and the supply of poultry in Sweden is returning to normal, but there is still a risk that the epidemic will continue. Last year, there was an outbreak of African swine fever in Estonia. At the moment, the situation is calm, but the risk of the disease remains. Atria actively monitors the animal disease situation in Europe. 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.