Atria Oyj

Interim / Quarterly Report • Jul 25, 2013

INTERIM REPORT OF ATRIA PLC 1 JANUARY – 30 JUNE 2013

Atria's net sales and EBIT continued to grow

1 January – 30 June 2013

• Consolidated EBIT was EUR 10.9 million (EUR 5.8 million).

• Consolidated net sales totalled EUR 692.0 million (EUR 641.8 million).

• Atria Finland's EBIT was EUR 14.1 million (EUR 13.0 million).

• Atria Scandinavia's EBIT was EUR 1.8 million (EUR 1.9 million).

• Atria Russia's EBIT was EUR -2.8 million (EUR -5.3 million).
• Atria Baltic's EBIT was EUR -0.4 million (EUR -0.9 million).
• The Group's equity ratio was 40.6 per cent (31 December 2012: 41.5 %).

1 April – 30 June 2013

• Consolidated net sales in Q2/2013 totalled EUR 363.6 million (EUR 333.3 million) and consolidated EBIT was EUR 7.7 million (EUR 5.7 million).

• Atria Finland's net sales totalled EUR 230.9 million (EUR 204.6 million), up by EUR 26.3 million year-onyear.

• Atria Russia's net sales totalled EUR 0.4 million (EUR -2.0 million), up by EUR 2.4 million year-on-year.

	Q2	Q2	H1	H1
EUR million	2013	2012	2013	2012	2012
Net sales	363.6	333.3	692.0	641.8	1,343.6
EBIT	7.7	5.7	10.9	5.8	30.2
EBIT, %	2.1	1.7	1.6	0.9	2.2
Profit before taxes	4.1	2.8	4.8	-0.2	18.9
Earnings per share, EUR	0.10	0.05	0.06	-0.14	0.35
Non-recurring items*	0.0	0.0	1.1	0.0	-0.5

*Non-recurring items are included in the reported figures.

Review 1 April – 30 June 2013

Atria Group's net sales for April–June totalled EUR 363.6 million (EUR 333.3 million), up by EUR 30.3 million year-on-year. EBIT was EUR 7.7 million (EUR 5.7 million), up by EUR 2.0 million year-onyear.

Atria Finland's net sales for April–June totalled EUR 230.9 million (EUR 204.6 million), up by EUR 26.3 million year-on-year. EBIT was EUR 7.4 million (EUR 7.8 million), down by EUR 0.4 million yearon-year. Net sales and market share strengthened significantly during the period under review. The decrease in export prices due to the weakening of the global meat market weighed down the growth in EBIT.

Atria Scandinavia's net sales for April–June totalled EUR 98.1 million (EUR 95.0 million), up by EUR 3.1 million year-on-year. In the local currency, net sales were at the previous year's level. EBIT was EUR 1.8 million (EUR 1.8 million). The persistently high prices of Swedish meat raw material and the increased marketing efforts weighed down EBIT development.

Atria Russia's net sales for April–June totalled EUR 31.5 million (EUR 31.3 million). In the local currency, net sales increased by 3.2 per cent year-on-year. EBIT was EUR 0.4 million (EUR -2.0 million), up by EUR 2.4 million year-on-year. Efficiency improvement measures had a positive effect on the result for

industrial operations. The poor profitability of primary production continued to weigh down second-quarter profits.

Atria Baltic's net sales for April–June totalled EUR 9.3 million (EUR 9.1 million). EBIT was EUR 0.0 million (EUR -0.4 million), up by EUR 0.4 million year-on-year.

Review 1 January – 30 June 2013

Atria Group's net sales for January–June totalled EUR 692.0 million (EUR 641.8 million), up by EUR 50.2 million year-on-year. EBIT was EUR 10.9 million (EUR 5.8 million), up by EUR 5.1 million year-onyear. EBIT includes a non-recurring profit of EUR 1.1 million resulting from a reversal of impairment on a property that had been for sale in Forssa.

In March, Atria issued a fixed-interest bond worth EUR 50 million. The funds received are used for refinancing and for the Group's general financing needs. The loan period is five years and a coupon rate of 4.375 per cent is payable on the debt. The bonds are publicly traded on the NASDAQ OMX Helsinki Ltd stock exchange.

The Group's free cash flow for the period under review (operating cash flow - cash flow from investments) was EUR -1.0 million (EUR -9.6 million), and net liabilities were EUR 364.4 million (EUR 419.8 million).

Atria Finland's net sales for January–June totalled EUR 436.0 million (EUR 393.0 million), up by EUR 43.0 million year-on-year. EBIT was EUR 14.1 million (EUR 13.0 million), up by EUR 1.1 million yearon-year. EBIT includes a non-recurring profit of EUR 1.1 million resulting from a reversal of impairment on a property that had been for sale in Forssa. The high price of domestic meat raw material and the decrease in export prices due to the weakening of the global meat market weighed down the growth in EBIT.

Atria Scandinavia's net sales for January–June totalled EUR 192.3 million (EUR 184.5 million), up by EUR 7.8 million year-on-year. In the local currency, net sales grew by 1.2 per cent year-on-year. EBIT was EUR 1.8 million (EUR 1.9 million). The high prices of meat raw material and the increased marketing efforts weighed down EBIT development.

Atria Russia's net sales for January–June totalled EUR 58.9 million (EUR 59.6 million). In the local currency, net sales grew by 1.2 per cent year-on-year. EBIT was EUR -2.8 million (EUR -5.3 million), up by EUR 2.5 million year-on-year. The result for industrial operations improved considerably and the launched efficiency improvement measures generated the planned profits. The weakening of primary production profitability, which started at the end of last year, weighed down first-half profits.

Atria Baltic's net sales for January–June totalled EUR 16.6 million (EUR 17.0 million), down by EUR 0.4 million year-on-year. EBIT was EUR -0.4 million (EUR -0.9 million), up by EUR 0.5 million year-onyear.

Key indicators

EUR million	30.6.13	30.6.12	31.12.12
Equity/share, EUR	14.78	14.59	15.15
Interest-bearing liabilities	382.6	425.1	370.5
Equity ratio, %	40.6	39.1	41.5
Gearing, %	90.8	102.3	85.9
Net gearing, %	86.5	101.0	84.3
Gross investments in fixed assets	20.7	25.7	56.2
Gross investments, % of net sales	3.0	4.0	4.2
Average number of personnel	4,749	5,038	4,898

Atria Finland 1 January – 30 June 2013

	Q2	Q2	H1	H1
EUR million	2013	2012	2013	2012	2012
Net sales	230.9	204.6	436.0	393.0	819.5
EBIT	7.4	7.8	14.1	13.0	36.5
EBIT, %	3.2	3.8	3.2	3.3	4.5
Non-recurring items*	0.0	0.0	1.1	0.0	-0.5

*Non-recurring items are included in the reported figures.

Atria Finland's net sales for April–June totalled EUR 230.9 million (EUR 204.6 million), up by EUR 26.3 million year-on-year. EBIT was EUR 7.4 million (EUR 7.8 million), down by EUR 0.4 million yearon-year. Net sales and market share strengthened significantly during the period under review in both retail trade and the Food Service market. According to Atria's own estimate, its market share in retail trade was approximately 28 per cent. The decrease in export prices due to the weakening of the global meat market weighed down the growth in EBIT.

Net sales for January–June totalled EUR 436.0 million (EUR 393.0 million), up by EUR 43.0 million year-onyear. EBIT for January–June was EUR 14.1 million (EUR 13.0 million), up by EUR 1.1 million year-on-year. EBIT includes a non-recurring profit of EUR 1.1 million resulting from a reversal of impairment on a property that had been for sale in Forssa.

Atria Finland launched a programme to improve the profitability of convenience food production. The company decided to transfer convenience food production from Karkkila to the Nurmo plant. The Karkkila production plant will be closed down by the end of October. This programme is expected to generate annual cost savings of about EUR 1.0 million, which will be fully realised as of the beginning of 2014.

The projects in the Atria's Handprint programme are progressing according to plan. Atria is investing in the transparency of its production chain and the traceability of its products. Atria was the first in its field to introduce farm-specific traceability for beef, pork and chicken products. Surveys show that food traceability is an important purchasing criterion for over half of all Finnish consumers, and Atria succeeded in strengthening its market share significantly in 2013.

Atria Scandinavia 1 January – 30 June 2013

	Q2	Q2	H1	H1
EUR million	2013	2012	2013	2012	2012
Net sales	98.1	95.0	192.3	184.5	387.8
EBIT	1.8	1.8	1.8	1.9	8.2
EBIT, %	1.8	1.9	0.9	1.1	2.1
Non-recurring items*	0.0	0.0	0.0	0.0	0.0

*Non-recurring items are included in the reported figures.

Atria Scandinavia's net sales for April–June totalled EUR 98.1 million (EUR 95.0 million), up by EUR 3.1 million year-on-year. In the local currency, net sales grew by 0.8 per cent year-on-year. EBIT was EUR 1.8 million (EUR 1.8 million). The persistently high prices of Swedish meat raw material and the increased marketing efforts weighed down EBIT development.

Net sales for January–June totalled EUR 192.3 million (EUR 184.5 million). In the local currency, net sales grew by 1.2 per cent year-on-year. EBIT for January–June was EUR 1.8 million (EUR 1.9 million). The high prices of meat raw material and the increased marketing efforts weighed down EBIT development. The development of net sales was affected by the intensification of competition with retailers' private labels.

In the first half of the year, the share of private labels in the sales of Swedish retail trade grew strongly in the product groups represented by Atria (AC Nielsen). However, in the competition against other branded products, Atria strengthened its position in both cold cuts and cooking sausages. In the first half of the year, the company increased its marketing efforts to support e.g. the successful launch of the Lithells Världskorv product concept. The 3-Stjernet cold cuts are still the market leader in their category in the Danish market. Atria Concept continued its expansion in the global fast food market as well as its investments in the development of the Sibylla brand.

	Q2	Q2	H1	H1
EUR million	2013	2012	2013	2012	2012
Net sales	31.5	31.3	58.9	59.6	126.3
EBIT	0.4	-2.0	-2.8	-5.3	-8.6
EBIT, %	1.2	-6.4	-4.7	-9.0	-6.8
Non-recurring items*	0.0	0.0	0.0	0.0	0.0

*Non-recurring items are included in the reported figures.

Atria Russia's net sales for April–June totalled EUR 31.5 million (EUR 31.3 million). In the local currency, net sales grew by 3.2 per cent year-on-year. EBIT was EUR 0.4 million (EUR -2.0 million), up by EUR 2.4 million year-on-year. Efficiency improvement measures had a positive effect on the result for industrial operations. The poor profitability of primary production continued to weigh down second-quarter profits.

Net sales for January–June totalled EUR 58.9 million (EUR 59.6 million). EBIT for January–June was EUR -2.8 million (EUR -5.3 million), up by EUR 2.5 million year-on-year. The result for industrial operations improved considerably and the launched efficiency improvement measures generated the planned profits. The weakening of primary production profitability, which started at the end of last year, weighed down firsthalf profits.

Atria estimates that its market share has remained stable in St Petersburg, where it is the market leader in the product groups it represents. In the Moscow market, major investments are being made in increasing the sales of selected products. The productivity improvement projects will continue at the Gorelovo and Sinyavino plants in St Petersburg.

Atria Baltic 1 January – 30 June 2013

	Q2	Q2	H1	H1
EUR million	2013	2012	2013	2012	2012
Net sales	9.3	9.1	16.6	17.0	34.2
EBIT	0.0	-0.4	-0.4	-0.9	-1.5
EBIT, %	-0.2	-4.3	-2.2	-5.4	-4.4
Non-recurring items*	0.0	0.0	0.0	0.0	-0.0

* Non-recurring items are included in the reported figures.

Atria Baltic's net sales for April–June totalled EUR 9.3 million (EUR 9.1 million). EBIT was EUR 0.0 million (EUR -0.4 million). EBIT improved as sales became more focused on the retail trade. Market share increased, especially in cold cuts (AC Nielsen).

Net sales for January–June totalled EUR 16.6 million (EUR 17.0 million). EBIT for January–June was EUR - 0.4 million (EUR -0.9 million). The development of net sales was weighed down by lower primary production sales and by the discontinuation of exports to Russia. The Tartu logistics centre was closed down and operations were transferred to the Valga plant.

Financing, cash flow, investments and equity ratio

In March, Atria issued a fixed-interest bond worth EUR 50 million. The funds are used for refinancing and for the Group's general financing needs. The loan period is five years and a coupon rate of 4.375 per cent is payable on the loan. The bonds are publicly traded on the NASDAQ OMX Helsinki Ltd stock exchange.

In June, Atria refinanced a committed credit facility of EUR 50 million due in September 2015. The maturity of the new credit facility is five years.

On 30 June 2013, the amount of the Group's undrawn committed credit facilities stood at EUR 197.8 million (31 December 2012: EUR 153 million). The average maturity of loans and committed credit facilities at the end of the period under review was 2 years 10 months (31 December 2012: 2 years 10 months).

During the period under review, the Group's free cash flow (operating cash flow - cash flow from investments) was EUR -1.0 million (EUR -9.6 million). Interest-bearing net liabilities amounted to EUR 364.4 million (EUR 419.8 million). The Group's investments during the period under review totalled EUR 20.7 million (EUR 25.7 million). The equity ratio was 40.6 per cent (31 December 2012: 41,5 %).

Events after the period under review

Atria Plc and Saarioinen Oy have signed a preliminary agreement according to which Atria will purchase Saarioinen's procurement, slaughtering and cutting operations for beef, pork and chicken. The deal will transfer all of Saarioinen's chicken production machinery and equipment as well as its chicken production building and site in Sahalahti (Kangasala) to Atria. Atria will also acquire the Jyväbroiler brand. In addition, Atria will take possession of all of the machinery and equipment in the Jyväskylä slaughterhouse. In connection with the deal, Atria and Saarioinen will sign an agreement concerning meat deliveries from Atria to Saarioinen.

The deal will increase Atria's cost-efficiency in meat procurement as well as in slaughtering and cutting operations. The agreement will guarantee competitive long-term raw material deliveries to Saarioinen,

possibly freeing up resources for processing operations. The personnel of Saarioinen's procurement, slaughtering and cutting operations will move to Atria as continuing employees, and Atria will continue its industrial operations in Jyväskylä and Sahalahti. The business operations covered by the deal employ about 400 people.

Atria's net sales are expected to grow by about EUR 70 million annually. It is estimated that the deal will be finalised during the first quarter of 2014 at the latest. The deal is subject to the approval of the Finnish Competition and Consumer Authority.

Personnel

The Group had an average of 4,749 employees (5,038) during the period under review. Personnel by business area:

	(2,047)
	(1,151)
	(1,485)
331	( 355)
	2,131 1,075 1,212

Short-term business risks

Exchange rate fluctuations and the weakening of the global meat market may create uncertainty for the Group's performance. Otherwise, no significant changes occurred in Atria Group's short-term business risks compared with the risks described in the financial statements for 2012.

Outlook for the future

Consolidated EBIT was EUR 30.2 million in 2012. In 2013, it is expected to be higher. Growth in net sales is expected for 2013.

Shares

Atria Plc's share capital consists of a total of 28,267,728 shares, of which 19,063,747 are A series shares and 9,203,981 are KII series shares. Each A series share entitles to one (1) vote and each KII series share to ten (10) votes. Therefore, all shares of Atria Plc entitle to a total of 111,103,557 votes. The company holds 111,312 A series shares.

Decisions of Atria Plc's Annual General Meeting of 26 April 2013

The General Meeting approved the financial statements and the consolidated financial statements for the financial year 1 January–31 December 2012 and discharged the members of the Supervisory Board and the Board of Directors as well as the CEO from liability for the financial year that ended on 31 December 2012.

The General Meeting decided that a dividend of EUR 0.22 will be paid for each share for 2012. Dividends are paid to shareholders listed on the company's shareholder register kept by Euroclear Finland Oy on the record date for the payment of dividends. The record date was 2 May 2013 and the date of payment was 10 May 2013.

The General Meeting decided to elect Authorised Public Accountants PricewaterhouseCoopers Oy as the company's auditor for a term that ends at the closing of the next Annual General Meeting. According to the firm, the auditor in charge is Authorised Public Accountant Juha Wahlroos.

The General Meeting approved the Board of Directors' proposal that a maximum sum of EUR 100,000 can be donated to universities or other educational institutions.

The General Meeting decided that the composition of the Supervisory Board is to be as follows:

Member	Term ends
Juho Anttikoski	2016
Mika Asunmaa	2016
Lassi-Antti Haarala	2015
Jussi Hantula	2015
Henrik Holm	2015
Hannu Hyry	2016
Veli Hyttinen	2014
Pasi Ingalsuo	2014
Jukka Kaikkonen	2016
Juha Kiviniemi	2014
Pasi Korhonen	2015
Ari Lajunen	2015
Mika Niku	2015
Pekka Ojala	2014
Heikki Panula	2016
Jari Puutio	2015
Ahti Ritola	2016
Risto Sairanen	2014
Timo Tuhkasaari	2014

There are 19 members in total.

The General Meeting decided that the remuneration of the members of the Supervisory Board will remain unchanged. The fees are EUR 250 per meeting and the compensation for loss of working time is EUR 250 per day of meetings and proceedings. The Chairman's fee is EUR 3,000 per month and the Deputy Chairman's fee is EUR 1,500 per month.

In its constitutive meeting following the General Meeting, Atria Plc's Supervisory Board elected Hannu Hyry as its Chairman and re-elected Juho Anttikoski as Deputy Chairman.

Composition and remuneration of Atria Plc's Board of Directors

The General Meeting decided that the Board of Directors will consist of seven members. Timo Komulainen and Maisa Romanainen, who were due to resign, were re-elected. Board member Tuomo Heikkilä announced that he will no longer be available as a member of the Board of Directors. Jyrki Rantsi was elected as a new member to replace him for a term ending at the closing of the third Annual General Meeting following the election.

The General Meeting decided that the remuneration of the members of the Board of Directors will remain unchanged. The fees are EUR 300 per meeting and the compensation for loss of working time is EUR 300 per day of meetings and proceedings. The Chairman's fee is EUR 4,400 per month, the Deputy Chairman's fee is EUR 2,200 per month and the members' fee is EUR 1,700 per month.

In its constitutive meeting following the General Meeting, Atria Plc's Board of Directors re-elected Seppo Paavola as its Chairman and Timo Komulainen as Deputy Chairman.

Atria Plc's Board of Directors now has the following composition: Chairman of the Board: Seppo Paavola; Deputy Chairman: Timo Komulainen; members: Esa Kaarto, Kjell-Göran Paxal, Jyrki Rantsi, Maisa Romanainen and Harri Sivula.

Valid authorisations for the purchase of treasury shares as well as for the issue of shares and the granting of special rights

The General Meeting authorised the Board of Directors to decide, on one or several occasions, on the acquisition of a maximum of 2,800,000 of the company's own Series A shares with funds belonging to the company's unrestricted equity, subject to the provisions of the Limited Liability Companies Act regarding the maximum number of treasury shares to be held by a company. The company's own Series A shares may be acquired for use as consideration in any acquisitions or other arrangements relating to the company's business, to finance investments, as part of the company's incentive scheme, to develop the company's capital structure, to be otherwise further transferred, to be retained by the company or to be cancelled.

The shares shall be acquired in a proportion other than that of the shareholders' current shareholdings in the company in public trading arranged by NASDAQ OMX Helsinki Ltd at the market price at the moment of acquisition. The shares will be acquired and paid for in accordance with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Oy. The Board of Directors is authorised to decide on the acquisition of treasury shares in all other respects.

The authorisation shall supersede the authorisation granted by the Annual General Meeting on 3 May 2012 to the Board of Directors to decide on the acquisition of the company's own shares and be valid until the closing of the next Annual General Meeting or until 30 June 2014, whichever is first.

The General Meeting authorised the Board of Directors to decide, on one or several occasions, on an issue of a maximum of 12,800,000 new series A shares or on an issue of any series A shares held by the company through a share issue and/or by granting option rights or other special rights entitling holders to shares as referred to in chapter 10, section 1 of the Limited Liability Companies Act. The authorisation may be exercised for the financing or execution of any acquisitions or other arrangements or investments related to the company's business, for the implementation of the company's incentive programme or for other purposes subject to the Board of Directors' decision.

The Board of Directors is also authorised to decide on all terms and conditions of the share issue and of the granting of special rights as referred to in chapter 10, section 1 of the Limited Liability Companies Act. The authorisation thus also includes the right to issue shares in a proportion other than that currently held by the shareholders under the conditions provided by law, the right to issue shares against or without payment and the right to decide on a share issue to the company itself without payment – subject to the provisions of the Limited Liability Companies Act regarding the maximum number of treasury shares to be held by a company.

The authorisation shall supersede the share issue authorisation granted by the Annual General Meeting on 3 May 2012 to the Board of Directors and be valid until the closing of the next Annual General Meeting or until 30 June 2014, whichever is first.

Accounting principles

This interim report has been prepared in accordance with the IAS 34 Interim Financial Reporting standard. Atria has applied the same principles in preparing this interim report as in preparing the 2012 annual financial statements. However, as of 1 January 2013, the Group uses new or revised standards and IFRIC interpretations published by the IASB, included in the accounting principles of the annual financial statements 2012. These new or revised standards or interpretations did not have any impact on the figures presented for the period under review.

The principles and formulas for the calculation of key indicators have not changed, and they are presented in the 2012 annual financial statements. The figures given in this release are rounded to millions of euros, so the combined total of individual figures may differ from the total sum presented. The figures given in the interim report are unaudited.

ATRIA PLC

CONSOLIDATED INCOME STATEMENT

EUR million	4-6/13	4-6/12	1-6/13	1-6/12	1-12/12
Net sales	363.6	333.3	692.0	641.8	1 343.6
Cost of goods sold	-318.0	-290.4	-609.8	-565.7	-1 172.5
Gross profit	45.6	42.9	82.1	76.1	171.1
Sales and marketing costs	-26.9	-25.4	-50.7	-47.7	-95.9
Administration costs	-11.5	-11.5	-22.3	-22.4	-44.2
Other operating income	0.6	0.6	2.2	1.2	3.8
Other operating expenses	-0.1	-1.0	-0.4	-1.4	-4.6
EBIT	7.7	5.7	10.9	5.8	30.2
Finance income and costs	-4.1	-3.8	-7.6	-7.3	-14.7
Income from joint-ventures and associates	0.5	0.9	1.5	1.3	3.4
Profit before tax	4.1	2.8	4.8	-0.2	18.9
Income taxes	-1.3	-1.5	-2.9	-3.8	-8.8
Profit for the period	2.8	1.3	1.9	-4.0	10.1
Profit attributable to:
Owners of the parent	2.7	1.3	1.8	-4.0	9.8
Non-controlling interests	0.1	0.0	0.1	0.0	0.2
Total	2.8	1.3	1.9	-4.0	10.1
Basic earnings/share, EUR	0.10	0.05	0.06	-0.14	0.35
Diluted earnings/share, EUR	0.10	0.05	0.06	-0.14	0.35

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

EUR million	4-6/13	4-6/12	1-6/13	1-6/12	1-12/12
Profit for the period	2.8	1.3	1.9	-4.0	10.1
Other comprehensive income after tax:
Items that will not be reclassified to profit or loss
Actuarial loss on post employment
benefit obligations	0.0	0.0	0.0	0.0	-0.4
Items that will be reclassified to
profit or loss when specific conditions are
met
Available-for-sale financial assets	0.0	0.0	0.0	0.0	0.0
Cash flow hedging	0.5	-0.7	1.1	-0.2	-1.2
Translation differences	-10.0	-4.7	-7.0	3.6	6.9
Total comprehensive income for the period	-6.8	-4.2	-4.0	-0.6	15.4
Total comprehensive income attributable to:
Owners of the parent	-6.7	-4.2	-4.1	-0.6	15.1
Non-controlling interests	-0.1	0.0	0.1	0.0	0.3
Total	-6.8	-4.2	-4.0	-0.6	15.4

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Assets
EUR million	30.6.13	30.6.12	31.12.12
Non-current assets
Property, plant and equipment	463.7	466.5	476.1
Biological assets	1.3	1.4	1.5
Goodwill	165.8	164.9	168.5
Other intangible assets	76.4	74.3	78.4
Investments in joint ventures and associates	14.8	14.6	14.6
Other financial assets	2.2	1.6	1.7
Loans and other receivables	10.4	17.0	11.6
Deferred tax assets	13.7	15.3	15.5
Total	748.3	755.6	768.0
Current assets
Inventories	122.1	100.6	114.3
Biological assets	6.0	5.8	5.5
Trade and other receivables	138.6	190.7	144.8
Cash and cash equivalents	18.2	5.2	6.6
Total	284.9	302.5	271.1
Non-current assets held for sale	3.4	4.4	2.5
Total assets	1,036.5	1,062.4	1,041.6
Equity and liabilities
EUR million	30.6.13	30.6.12	31.12.12
Equity belonging to the shareholders
of the parent company	417.9	412.5	428.2
Non-controlling interest	3.3	3.0	3.2
Total equity	421.2	415.5	431.4
Non-current liabilities
Interest-bearing financial liabilities	222.7	317.6	264.3
Deferred tax liabilities	46.9	47.2	47.4
Pension liabilities	8.0	7.5	8.1
Other non-interest-bearing liabilities	6.0	5.6	7.6
Total	283.6	377.9	327.4
Current liabilities
Interest-bearing financial liabilities	159.9	107.5	106.1
Trade and other payables	171.7	161.7	176.6
Total	331.7	269.1	282.8
Total liabilities	615.3	647.0	610.2
Total equity and liabilities	1,036.5	1,062.4	1,041.6

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

EUR million		of parent company			Equity belonging to the shareholders				Non- cont	Total equity
	Share ca pit al	Share pre mium	Own sha res	Other reser ves	Inv. non- rest. equity fund	Trans lation diff.	Retain ed earn ings	Total	roll ing inte rests
Equity 1.1.12	48.1	138.5	-1.3	-4.4	110.6	-17.2	144.5	418.8	2.9	421.7
Comprehensive income for the period Profit for the period Other comprehensive income Available-for-sale							-4.0	-4.0	0.0	-4.0
financial assets Cash flow hedging Actuarial loss Translation differences Transactions with owners				0.0 -0.2		3.6	0.0	0.0 -0.2 0.0 3.6	0.0	0.0 -0.2 0.0 3.6
Distribution of dividends							-5.6	-5.6		-5.6
Equity 30.6.12	48.1	138.5	-1.3	-4.6	110.6	-13.6	134.8	412.5	3.0	415.5
Equity 1.1.13	48.1	138.5	-1.3	-5.6	110.6	-10.3	148.3	428.2	3.2	431.4
Comprehensive income for the period Profit for the period Other comprehensive income							1.8	1.8	0.1	1.9
Available-for-sale financial assets Cash flow hedging Actuarial loss Translation differences Transactions				0.0 1.1		-7.0	0.0	0.0 1.1 0.0 -7.0	0.0	0.0 1.1 0.0 -7.0
with owners Distribution of dividends							-6.2	-6.2		-6.2
Equity 30.6.13	48.1	138.5	-1.3	-4.5	110.6	-17.3	143.9	417.9	3.3	421.2

CONSOLIDATED CASH FLOW STATEMENT

EUR million	1-6/13	1-6/12	1-12/12
Cash flow from operating activities
Operating activities	29.3	17.3	119.2
Financial items and taxes	-12.4	-4.6	-19.6
Net cash flow from operating activities	16.9	12.7	99.6
Cash flow from investing activities
Tangible and intangible assets	-19.7	-24.6	-50.4
Acquired subsidiary shares			-1.8
Change in non-current receivables	-0.2	1.1	0.9
Change in other investments	1.9	1.1	1.4
Net cash used in investing activities	-17.9	-22.3	-50.0
Cash flow from financing activities
Proceeds from non-current borrowings	50.0	30.0	50.0
Repayments of non-current loans and
changes in current loans	-30.9	-16.3	-94.6
Dividends paid	-6.2	-5.6	-5.6
Net cash used in financing activities	12.9	8.1	-50.2
Change in liquid funds	11.9	-1.5	-0.6
Cash and cash equivalents at beginning of year	6.6	6.6	6.6
Effect of exchange rate changes	-0.2	0.1	0.5
Cash and cash equivalents at end of year	18.2	5.2	6.6

OPERATING SEGMENTS

EUR million	4-6/13	4-6/12	1-6/13	1-6/12	1-12/12
Net sales
Finland	230.9	204.6	436.0	393.0	819.5
Scandinavia	98.1	95.0	192.3	184.5	387.8
Russia	31.5	31.3	58.9	59.6	126.3
Baltic	9.3	9.1	16.6	17.0	34.2
Eliminations	-6.3	-6.7	-11.8	-12.3	-24.2
Total	363.6	333.3	692.0	641.8	1,343.6
EBIT
Finland	7.4	7.8	14.1	13.0	36.5
Scandinavia	1.8	1.8	1.8	1.9	8.2
Russia	0.4	-2.0	-2.8	-5.3	-8.6
Baltic	0.0	-0.4	-0.4	-0.9	-1.5
Unallocated	-1.8	-1.5	-1.8	-2.9	-4.4
Total	7.7	5.7	10.9	5.8	30.2
Investments
Finland	7.5	11.3	13.1	19.3	38.6
Scandinavia	3.1	1.8	5.8	3.1	12.0
Russia	1.2	1.6	1.6	3.0	5.1
Baltic	0.1	0.0	0.1	0.2	0.5
Total	11.9	14.7	20.7	25.7	56.2
Depreciations
Finland	6.7	6.6	13.3	13.2	24.8
Scandinavia	3.1	3.0	6.2	5.9	11.9
Russia	2.4	2.5	4.9	5.1	10.4
Baltic	0.6	0.7	1.3	1.4	2.7
Total	12.8	12.8	25.6	25.6	49.8

FINANCIAL ASSETS AND LIABILITIES

Fair value hierarcy:
EUR milloin
Balance sheet items	30.6.13	Level 1	Level 2	Level 3
Non-current assets
Financial assets available for sale	2.2	0.2		2.0
Current assets
Derivative financial instruments	2.5		2.5
Total	4.6	0.2	2.5	2.0
Non-current liabilities
Derivative financial instruments	6.0		6.0
Current liabilities
Derivative financial instruments	1.1		1.1
Total	7.1	0.0	7.1	0.0
Balance sheet items	31.12.12	Level 1	Level 2	Level 3
Non-current assets
Financial assets available for sale	1.7	0.2		1.6
Current assets
Derivative financial instruments	0.1		0.1
Total	1.9	0.2	0.1	1.6
Non-current liabilities
Derivative financial instruments	7.6		7.6
Current liabilities
Derivative financial instruments	3.1		3.1
Total	10.6	0.0	10.6	0.0

There were no transfers between Levels 1 and 2 during the period.

Level 1: Prices listed on active markets for identical assets and liabilities. Level 2: Fair values can be determined either directly (i.e.. as prices) or indirectly (i.e.. derived from prices).

Level 3: Fair values are not based on verifiable market prices.

Changes in financial instruments belonging to level 3:

Unlisted shares	30.6.13	31.12.12
Opening balance	1.6	1.5
Purchases	0.4	0.1
Decreases		0.0
Closing balance	2.0	1.6

Fair values of financial instruments do not deviate significantly from balance sheet values.

NON-CURRENT ASSETS HELD FOR SALE

EUR million	30.6.13	30.6.12	31.12.12
Finland		1.4	1.4
Scandinavia	2.3
Russia		1.9
Baltic	1.1	1.1	1.1
Total	3.4	4.4	2.5

During the review period, the logistics centre located in Forssa was transferred from assets available for sale back to tangible assets. The property will be used in the company's own production. As a result of the reclassification, write-downs in the amount of EUR 1.1 million recognised during earlier financial periods were reversed. This non-recurring profit item has been recognised under "Other operating income".

In addition, the Halmstad plant real estate, which had remained empty after production was moved to the Malmö plant, was classified as an asset available for sale.

CONTINGENT LIABILITIES

EUR million	30.6.13	30.6.12	31.12.12
Debts with mortgages or other collateral
given as security
Loans from financial institutions	2.9	2.8	3.0
Pension fund loans	5.6	5.5	5.7
Total	8.5	8.3	8.6
Mortgages and other securities given as
comprehensive security
Real estate mortgages	4.0	4.0	4.2
Corporate mortgages	1.4	1.4	1.4
Total	5.4	5.4	5.6
Guarantee engagements not included in the balance sheet
Guarantees	0.4	0.5	0.4

ATRIA PLC Board of Directors

For more information, please contact Juha Gröhn, CEO, Atria Plc. tel. +358 400 684 224.

DISTRIBUTION

Nasdaq OMX Helsinki Ltd Major media www.atriagroup.com

The Interim Report Release will be mailed to you upon request and is also available on our Web site www.atriagroup.com.