CEO Leif Bergvall Hansen comments on the second quarter
Adjusted operating profit amounted to MSEK 90 compared to MSEK 91 pro forma in the second quarter 2017, corresponding to a margin of 4.0 (4.4 pro forma) percent. Although both Norway and Ireland performed well, and Finland reported a continued improvement, the margin was negatively affected by a less favourable price/mix, primarily in Sweden as well as by higher raw material costs and marketing investments in Denmark.
The share of value-added products of total net sales increased significantly compared to the second quarter 2017 pro forma. Chilled products grew by 4 percent pro forma and ready-to-eat products by 16 percent pro forma. Sales in the retail channel increased by 7 percent pro forma and net sales in the food-service channel rose by 12 percent pro forma.