Contrasting Trends: Lihatalo Atria’s Turnover Soars, Yet Operating Profit Dips
a Finnish food company, saw its turnover increase by 10% in 2022. However, the company’s operating profit decreased by 5%. This means that the company’s costs increased at a faster rate than its revenue.
There are a number of factors that could have contributed to the decrease in operating profit.
These include:
- Increased raw material costs
- Increased labor costs
- Increased marketing costs
- Increased depreciation costs
The decrease in operating profit is a concern for Lihatalo Atria, as it means that the company is less profitable. The company will need to take steps to reduce its costs or increase its revenue in order to improve its profitability.
Here are some additional details that I found from my knowledge:
- Lihatalo Atria is a leading food company in Finland, with a wide range of products including meat, poultry, fish, and vegetables.
- The company has been in operation for over 100 years, and it employs over 5,000 people.
- Lihatalo Atria is a publicly traded company, and its shares are listed on the Helsinki Stock Exchange.