CEO Leif Bergvall Hansen comments on the third quarter
The acquisition of Manor Farm, the largest chicken processor in Ireland, was completed as of 28 August 2017 and the operation is included in the Group from this date. With margins in line with our most profitable segments and scope for improvements through best practice initiatives, I am confident that this acquisition will become a strong contributor to the Group.
The Group’s net sales totalled MSEK 1,824.7 in the quarter, of which MSEK 165.8 originated in Ireland. Excluding Ireland, net sales increased by 6 percent compared to the third quarter 2016. Net sales in Sweden and Denmark rose by 5 percent and 3 percent respectively, while net sales in Norway were unchanged from last year. Net sales in Finland were 70 percent higher than in the third quarter last year, but in line with the average of the first two quarters of 2017.