In April-June, HKScan’s comparable EBIT improved to 1.5 M€ and net sales increased by 13%. Sales price increases largely covered the sharp rise in production input prices. Drivers for profit improvement were better sales mix, production efficiency and cost management. Outlook 2022 remains unchanged.
We make life tastier - today and tomorrow
Securing local food production is our shared mission. Smart practices ensure that you can always rely on the quality, responsibility and safety of the food produced in HKScan’s home markets. HKScan’s familiar brands and great-tasting food have been an important part of Northern Europeans’ food moments for over a hundred years. Now we all need to pull together so that we can continue to enjoy local food for the next hundred years.
HKScan has set the goal of carbon neutrality of its own industrial production by the end of 2025 and carbon neutrality of the entire food chain from farms to consumers by the end of 2040 at the latest. Climate work is carried out in all our home market areas in Finland, Sweden, the Baltics and Denmark.
“HKScan strengthened its comparable EBIT in April-June in a very difficult operating environment marked by strong cost inflation. Net sales increased by 13%, mainly due to sales price increases, but also to better sales mix. Finland, Sweden and Denmark reported positive comparable EBIT, while the Baltics continued to be negative.”
The new HKScan-led partnership network aims to create operating models that will strengthen the responsibility and transparency in the food chain.
HKScan expanding into the growing market of value-added vegetable products together with Vihannes-Laitila
The new joint venture between HKScan and Vihannes-Laitila will increase the added value of vegetables and renew the supply of fresh vegetable products.
Since the sanctions imposed by Russia in 2014, HKScan has had no food exports to Russia. HKScan has had minor food exports to Belarus, but the company has suspended them as a result of the war in Ukraine.
We make responsible, delicious food with over hundred years of experience. For us, responsibility means genuine action throughout the value chain and continuous improvement. As a leading food company in the Nordics, we pave the way for more responsible food production.