HKFoods flags further beef shortages as cost of strikes yet to be felt
From Yahoo Finance: 2025-05-07 06:59:00
HKFoods warns of ongoing beef shortage in Finland due to reduced cattle numbers. Recent strike at plants will lead to added costs. Despite a 2.2% increase in sales, CEO Juha Ruohola notes consumers are eating less meat. Company plans to consolidate production for cost savings. HKFoods still assessing future of bacon processing facility in Poland. First-quarter EBITDA up 36% to €12.1m. HKFoods reports €0.8m profit, up from €3.8m loss. Strikes at Finnish meat plants disrupted business, causing pig backlog and additional costs.
Read more: HKFoods flags further beef shortages as cost of strikes yet to be felt