contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls {
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


hkfoods-and-atria-export-licenses-for-poultry-to-china-strengthen-the-earnings-potential

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

alternatePageUrls

imgUrl

description

Analyst

Pauli Lohi

HKFoods operates in the food industry. Within the Group, there are a number of subsidiaries with the business of selling, marketing, and producing meat products of pig, beef, and poultry. The Group operates the entire value chain, from slaughter, cutting to processing and resale of the raw materials. HKFoods has the largest operations in the Nordic market. The head office is located in Turku.

HKFoods

Atria is a food group. The group includes a number of companies, the more well-known of which include Sibylla, Lithells, and Ridderheims. The subsidiaries' operations include the production of liver pate, meat and chicken products, and various finished products. Operations are conducted worldwide but mainly concentrated in the Nordic countries, the Baltics, and Russia. The company was founded in 1903 and is headquartered in Seinäjoki.

Atria

The export potential to the significant Chinese market supports the overall margin level of poultry production and enables an increase in production volumes in the long term. 

Translation: Original published in Finnish on 10/31/2024 at 7:00 am EET
The export potential to the significant Chinese market supports the overall margin level of poultry production and enables an increase in production volumes in the long term. We do not change our forecasts but estimate that the annual earnings impact could, in a positive scenario, reach millions of euros in the long term. However, increasing export volumes may take several years and, on the other hand, there are also political risks involved.
<h2>Export licenses were confirmed during a political visit</h2>
Both Atria and HKFoods announced on Wednesday that they had received an export license to export poultry to China. The aim of obtaining the licenses was already known, but due to the bureaucracy and politics involved in the authorization process, it was challenging to assess when the export licenses would be granted. The granting took place during Finland&apos;s President Alexander Stubb&#x2019;s visit to China. Atria and HKFoods have already exported pork to China. For China, imports are also about politics aimed at influencing foreign policy and China&#x2019;s own export opportunities. For example, EU tariffs on electric cars have led China to threaten to impose restrictions or tariffs on pork produced in the EU, which could have a negative impact on the European meat industry.
<h2>Exports provide more tools to improve the earnings level</h2>
We estimate that if successful, the annual earnings impact of Chinese exports could be in the order of millions of euros for both companies in the long term. The Chinese export channel enables more efficient management of the meat balance and an improvement in the overall margin level of poultry production, as especially certain bone-in parts such as wings and toes provide a better price in China compared to the European export market. In terms of pork, Finland has exported mainly products for which there is no domestic demand to China. Poultry is a growing segment in China and we see a wider export potential compared to pork, but this naturally requires companies to, e.g., strengthen their brand and quality image among local customer companies. The companies already have customers in China through pork exports, e.g., in the restaurant segment and the food industry. HKFoods announced that it will start exporting already at the end of 2024 and Atria at the beginning of 2025.

Inderes

HKFoods and Atria: Export licenses for poultry to China strengthen the earnings potential

Export licenses were confirmed during a political visit

Exports provide more tools to improve the earnings level

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