Net earnings were EUR 30.6m ($32.46m), against EUR 27.5m in 2013.

Revenue dropped to EUR 527.4m from EUR 549.4m, but the bottom line was boosted by financial income of EUR 29m.

This was partly due to the company receiving shares in the Aland-based insurance company Alandia Forsakring and then selling some of its stake, gaining EUR 27.7m.

It said the prevailing pressure on prices in the market, combined with falling volume early in 2014 and adverse economic conditions in Finland, had an unfavourable impact on sales.

“Consumer