Finland’s leading poultry meat company has announced higher-than-forecast operating profit for the last financial year.
In September of last year, HKFoods Plc was forecasting comparable Earnings Before Interest and Taxes (EBIT) of EUR22-25 million (US$23.0-26.2 million). This was for its continuing operations, and for the 2024 fiscal year.
However, the company has achieved better than expected progress in production efficiencies, and its Christmas sales were beyond previous expectations.
As a result of these positive developments, HKFoods announced recently that its now expects comparable EBIT for the last full financial year to be in the range EUR27-28 million.
Around the same time, the company announced a change to the date of its Annual General Meeting. This will now be held in Turku, Finland, on April 23, 2025.
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With 95 million birds slaughtered, HKFoods is among the largest poultry companies in Europe, according to WATTPoultry.com’s Top Poultry Companies survey for 2023. Now operating only in Finland, the firm processes ducks and turkeys as well as chickens.
According to the firm’s web site, it was founded 110 years ago, and has a workforce of around 3,000. Among its well-known brands on its home market are HK, Kariniemen, and Via.
A publically listed company, HKFoods reported net sales of EUR933 million for the 2023 financial year.
In 2024, HKFoods changed its name from HKScan.
At the end of October, the company divested its last remaining overseas business when the acquisition of HK’s Danish operation by Plukon Food Group was finally closed following official authorization.
To reflect the evolution of the business, a number of changes to HKFoods’ executive team were announced last November.
