Atria: Divests factory property in Sweden and books EUR 10m profit - Nordea

Atria announced that it will sell its factory property in Malmö, Sweden. This is a continuation of efficiency improvement program launched in 2021 when Atria decided to centralise its production from Malmö to Sköllersta in Örebro. Atria receives EUR 22m from the sale of its property and continues to run industrial operations on the premises and close production in 2023. The company will book non-recurring sales profit of approximately EUR 10m, boosting Q2 EBIT (transaction takes effect on 26 April). We had not anticipated any sales gain from the closure of the plant. Atria will report its Q1 on 3 May. We have a fair value range of EUR 11.4-13.9 per Atria share.

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