HKScan has sold its Baltic businesses to the Estonian AS Maag Grupp. Sale of the Baltic businesses will improve HKScan's profitability and strengthen its balance sheet. In addition, the divestment will enhance HKScan’s ability to improve its production efficiency and execute its long-term strategy of growing into a versatile food company.
In April-June, net sales from continuing operations was 473.8 (456.3) M€ and the comparable EBIT was 8.3 (3.3) M€. HKScan’s measures to improve profitability continued. Consumer demand improved slightly after a weak start to the year. Profitability improved as a result of increased production efficiency and cost savings.
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 is studying bull behaviour in a new research project. The aim of the welfare project is to gain more insight into the specie specific behaviour of bulls through the new possibilities offered by digitalisation and artificial intelligence.
At HKScan's continuing operations, we are about 5400 in Finland, Sweden, Denmark and Poland. Our value chain offers variety of professional opportunities. Visit our open positions and join us.
We make life tastier together with our personnel.
The food brand HK® connects mettwurst lovers with virtual reality by launching a digital mettwurst. The brand will create five NFTs, called the Metavurstis, and auction them on the OpenSea marketplace starting March 1.
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.
