Friday, November 21, 2014

A small overview of Atria’s products



Interim reports and profit warnings come and go and certainly products are not forever. Anyway, let’s look quickly at new products from Atria Finland and Atria Scandinavia.

In Finland, a special Autumn Catalogue (in Finnish), Atria Food Service 2014, intended for professional kitchens, tells that Atria is or at least wants to be a full-service food company.  That’s of course just what HoReCa wants to hear, they want to have only a few suppliers to make logistics easier for them.  And Atria has resources to be that kind of a full scale supplier to any institutional kitchen or any top restaurant.  In any case, Atria Finland does not want to focus solely on meat.

So, just looking at the new products section of the catalogue, one can find that one of this autumn’s novelties is fish.  Yes, fish.  Frozen whitefish croquettes and pike loaf.  Prepare by heating.  That’s how it goes.  Besides smooth logistics, pro kitchens also want that someone else makes their food.  

Now let’s look at the other side of the bay, even up to Gothenburg where Atria Scandinavia won seven gold medals this October in a Swedish meat product contest.  Here are Atria highlights but let’s look at the official results a little closer. 

There were 16 competition categories and in each of them were chosen one Swedish Champion product and several gold, silver and bronze medal products.

Unfortunately Atria didn’t win any champion titles.  Moreover, many Atria’s products had to settle for silver or bronze medal.

In the honored ”Falukorv” category, Lithells product won only bronze, defeated by around 20 products which won gold or silver, plus of course the Champion, which incidentally is a product of HKScan,  Atria’s main rival.  As a side note one can state that HKScan’s Rapeseed Pork products did not perform well, the only exception being Rapeseed Pork Christmas Ham, which won the category’s championship.

Back to Atria’s products.  In cooked ham category Lönneberga got gold medal but all Lithells’ products fell far short of top rankings.  In smoked ham category one of Lönneberga’s products got gold but as many as six of the brand’s products got only bronze.  One may conclude that Atria’s precious brand performed quite badly.

In the barbecue sausage category and in the wiener category Lithells products got medals in all colors. Sibylla’s skinless sausage got gold in its category. In smoked cold cut category Onsala’s product had to settle for bronze. One may say that in these important sausage categories Atria’s success was only moderate. However, the biggest disappointment is the fact that in the equally important pâté category both Arboga and Pastejköket got only silver. More than ten pâté products were ranked higher.  Luckily Atria’s small Lindbergs brand was one of those and won a gold medal.



We will look at Atria again later but on Friday, December 5th, we are going to look at HKScan’s businesses. This is Doc Sausage.


This is Artoparto and here is my Disclaimer.  Please read it.

Disclaimer:  All content provided on this site is for entertainment purposes only.  This site does not provide any investment advice and content on this site should not be construed as recommendation to buy or sell any financial instruments.  Please consult a qualified financial adviser before making any financial decision.  I make no representations as to the accuracy, completeness, suitability, or validity, of any information on this site or found by following any link on this site.  I will not be liable for any errors, omissions, or any losses, injuries, or damages arising from displaying or using any content provided on this site.  I am not responsible for users' comments.  I reserve the right to update or delete any content on this site for any reason.



Friday, November 7, 2014

HKScan - growth-seeking but shrinking company



HKScan shrinks but the strategy for profitable growth is kept alive.  Currently it means plans of investing in poultry product plant in Finland and some kind of a “Flodins factory” in Rakvere, Estonia.  It is noteworthy, that the Group seems to be investing in poultry.  In Estonia, a new poultry facility was just opened and of course, there is already a large unit in Denmark, which has not been very successful lately.  It is true, that consumption of chicken meat is rising constantly but anyway plans to invest quite heavily in poultry in Finland makes me think if there will be overcapacity.

There are many so funny writings in the net including those of mine, especially the posting on this blog May, 23.  At that time I was so excited to announce the fact that in autumn and thereafter HKScan Finland’s rapeseed products will be GMO free.  I wrote for instance: “We’ll see, but GMO free product group might well be a game changer in Finland.” And perhaps or even likely HKScan would succeed in the competition and win it.  That’s what I thought in May.  Currently, I would be surprised, if HKScan wins any competition anywhere.  Looks like the term ‘win’ is not included in the Group’s playbook.

Hannu Kottonen, CEO HKScan, has always found lot of reasons for bad results:  expensive feed, private labels, low demand, aging population, recession, surplus of meat and also lack of meat, for instance.  The latest Q3 report gives one reason more.  Namely the company tells about decreasing retail sales volumes in Finland and this time one reason is that food wastage among consumers remained low.  Thats straight out of Dilbert, the comic strip.


We will discuss HKScan later but on Friday, November 21st, we are going to look at Atria’s businesses.  But now, let’s look at some failures in Russia.


This is Artoparto and here is my Disclaimer.  Please read it.

Disclaimer:  All content provided on this site is for entertainment purposes only.  This site does not provide any investment advice and content on this site should not be construed as recommendation to buy or sell any financial instruments.  Please consult a qualified financial adviser before making any financial decision.  I make no representations as to the accuracy, completeness, suitability, or validity, of any information on this site or found by following any link on this site.  I will not be liable for any errors, omissions, or any losses, injuries, or damages arising from displaying or using any content provided on this site.  I am not responsible for users' comments.  I reserve the right to update or delete any content on this site for any reason.