HKFoods explores options for Poland bacon plant
From Yahoo Finance: 2025-04-28 08:48:00
Finnish meat processor HKFoods is considering options for its bacon production unit in Swinoujście, Poland, potentially including a sale. The Polish unit has approximately 300 employees, and HKFoods aims to strengthen its balance sheet through this evaluation. The company previously sold businesses in the Baltics, Sweden, and Denmark.
HKFoods recently sold its Danish subsidiary to Plukon Food Group and its Swedish business to Lantmännen. In 2024, the company saw a 7.4% increase in net sales, reaching €1bn, with EBITDA rising by 24.8%. The loss from continuing operations also decreased significantly to €1.8m.
HKFoods forecasts its Polish subsidiary to generate around €70m in net sales in 2025. The company closed a slaughterhouse in Paimio, Finland, due to declining cattle numbers in March. Operations were to be transferred to an external service provider by the end of the month.