Atria: Proceeding with EUR 80m convenience food investment - Nordea

Atria announced today that it will proceed with EUR 82m investment in the modernisation of convenience food production and related energy solutions in Nurmo, Finland. We view the announcement as expected (as we pointed on Monday) following Business Finland's decision to award Atria with EUR 25m clean transition investment support for the investment. In addition, Atria will apply for a green transition tax credit for the investment, which may amount to 20% of the investment amount. Convenience food investment is part of a larger programme where Atria has now made investment decisions of EUR 90m of the planned total of EUR 110m. Atria will report its Q2 results today at 13:00 EET.

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