Apetit Group clarifies its comparison data

Thu, Mar 01, 2018 07:30 CET

Apetit Group clarifies its comparison data

Apetit Plc, Stock Exchange Release, 1 March 2018 at 8:30 a.m.

On 29 June 2017, Apetit Plc announced that it had signed an agreement on selling its seafood business in Finland, Sweden and Norway to Insula AS, a Norwegian company specialising in the seafood business. As a result of the agreement, Apetit started to report the sold business as discontinued operation. The sale completed on 31 October 2017.

Apetit announced on 26 October 2017 that it has updated comparison data in relation to the sale of the seafood business. The earlier announced updated comparison data has been clarified after the completion of the sale and auditing. The clarified comparison data for 2016 and 2017 on the Group’s discontinued and continuing operations are presented in the tables below.

NET SALES	Q1	Q2	Q3	Q4	Q1-Q4
EUR million	2016	2016	2016	2016	2016

Continuing operations
Food Solutions	25.0	24.3	22.8	25.7	97.8
Grain Trade	30.8	50.2	38.9	39.8	159.7
Oilseed Products	16.5	18.2	17.6	15.9	68.2
Intra-segment net sales	-4.5	-6.8	-1.5	-0.9	-13.7
Total	67.9	85.9	77.8	80.4	312.0

Discontinued operations
Seafood	20.5	22.7	20.4	24.1	87.8
Intra-segment net sales	-2.1	-2.2	-4.6	-4.3	-12.6
Total	18.4	20.5	15.8	19.8	75.2

Group total	87.5	106.9	91.9	100.1	386.5

NET SALES	Q1	Q2	Q3	Q4	Q1-Q4 2017
EUR million	2017	2017	2017	2017	Q1-Q4 2017

Continuing operations
Food Solutions	25.8	25.6	23.6	27.5	102.4
Grain Trade	33.0	39.4	41.1	49.4	162.9
Oilseed Products	16.8	16.3	16.5	15.7	65.3
Intra-segment net sales	-1.0	-4.0	-6.2	-5.3	-16.6
Total	74.6	77.3	75.0	87.1	314.0

Discontinued operations
Seafood	20.3	20.1	17.6	5.6	63.6
Intra-segment net sales	-3.0	-2.8	-2.5	-1.2	-9.5
Total	17.3	17.3	15.1	4.4	54.1

Group total	91.9	94.3	89.9	91.6	368.1

OPERATIONAL EBIT	Q1	Q2	Q3	Q4	Q1-Q4
EUR million	2016	2016	2016	2016	2016

Continuing operations
Food Solutions	-1.2	-1.7	0.2	-0.1	-2.8
Grain Trade	0.3	0.0	0.6	0.2	1.1
Oilseed Products	0.6	0.6	0.7	0.5	2.5
Total	-0.3	-1.0	1.5	0.6	0.8

Discontinued operations
Seafood	-0.7	-0.2	-0.1	1.0	0.1
Total	-0.7	-0.2	-0.1	1.0	0.1

Group total	-1.0	-1.1	1.4	1.6	0.9

OPERATIONAL EBIT	Q1	Q2	Q3	Q4	Q1-Q4 2017
EUR million	2017	2017	2017	2017	Q1-Q4 2017

Continuing operations
Food Solutions	-1.2	-1.3	0.6	0.6	-1.3
Grain Trade	0.1	0.2	0.5	0.1	0.8
Oilseed Products	0.2	0.6	0.5	0.6	1.8
Total	-1.0	-0.5	1.6	1.2	1.3

Discontinued operations
Seafood	-0.3	0.3	0.2	0.1	0.4
Total	-0.3	0.3	0.2	0.1	0.4

Group total	-1.2	-0.2	1.9	1.3	1.7

OPERATING PROFIT	Q1	Q2	Q3	Q4	Q1-Q4
EUR million	2016	2016	2016	2016	2016

Continuing operations
Food Solutions	-1.2	-1.7	0.2	-0.1	-2.8
Grain Trade	0.3	0.0	0.6	0.2	1.1
Oilseed Products	0.6	0.6	0.7	0.5	2.5
Total	-0.3	-1.0	1.5	0.6	0.8

Discontinued operations
Seafood	-0.7	-0.2	-0.1	0.6	-0.3
Total	-0.7	-0.2	-0.1	0.6	-0.3

Group total	-1.0	-1.1	1.4	1.2	0.6

OPERATING PROFIT	Q1	Q2	Q3	Q4	Q1-Q4 2017
EUR million	2017	2017	2017	2017	Q1-Q4 2017

Continuing operations
Food Solutions	-1.2	-1.5	0.7	0.5	-1.5
Grain Trade	0.1	0.2	0.5	0.1	0.8
Oilseed Products	0.2	0.6	0.5	0.6	1.8
Total	-1.0	-0.7	1.6	1.2	1.1

Discontinued operations
Seafood	-0.3	-1.0	-2.4	0.1	-3.6
Total	-0.3	-1.0	-2.4	0.1	-3.6

Group total	-1.3	-1.8	-0.7	1.2	-2.5

INVESTMENTS	Q1	Q2	Q3	Q4	Q1-Q4
EUR million	2016	2016	2016	2016	2016

Continuing operations
Food Solutions	2.5	1.3	0.9	1.0	5.7
Grain Trade	0.0	0.1	0.0	0.0	0.1
Oilseed Products	0.6	0.6	0.3	0.4	1.9
Total	3.1	2.0	1.2	1.4	7.7

Discontinued operations
Seafood	1.0	0.4	0.1	0.5	2.0
Total	1.0	0.4	0.1	0.5	2.0

Group total	4.1	2.4	1.3	1.8	9.7

INVESTMENTS	Q1	Q2	Q3	Q4	Q1-Q4 2017
EUR million	2017	2017	2017	2017	Q1-Q4 2017

Continuing operations
Food Solutions	1.3	0.8	0.8	0.9	3.7
Grain Trade	0.0	0.1	0.2	0.1	0.4
Oilseed Products	0.1	0.3	0.2	0.5	1.1
Total	1.4	1.1	1.1	1.5	5.2

Discontinued operations
Seafood	0.2	0.2	0.3	0.0	0.7
Total	0.2	0.2	0.3	0.0	0.7

Group total	1.6	1.3	1.4	1.6	5.9

DEPRECIATION AND IMPAIRMENTS	Q1	Q2	Q3	Q4	Q1-Q4
EUR million	2016	2016	2016	2016	2016

Continuing operations
Food Solutions	0.9	0.9	1.0	1.1	3.9
Grain Trade	0.1	0.1	0.1	0.1	0.3
Oilseed Products	0.2	0.2	0.2	0.2	0.8
Total	1.2	1.2	1.2	1.4	4.9

Discontinued operations
Seafood	0.4	0.4	0.4	0.4	1.7
Total	0.4	0.4	0.4	0.4	1.7

Group total	1.5	1.6	1.7	1.8	6.6

DEPRECIATION AND IMPAIRMENTS	Q1	Q2	Q3	Q4	Q1-Q4 2017
EUR million	2017	2017	2017	2017	Q1-Q4 2017

Continuing operations
Food Solutions	1.1	1.1	1.1	1.2	4.5
Grain Trade	0.1	0.1	0.1	0.1	0.3
Oilseed Products	0.2	0.2	0.2	0.2	0.8
Total	1.3	1.4	1.4	1.5	5.6

Discontinued operations
Seafood	0.4	0.5	0.0	0.0	0.9
Total	0.4	0.5	0.0	0.0	0.9

Group total	1.8	1.8	1.4	1.5	6.5

PERSONNEL	Q1	Q2	Q3	Q4
Average number	2016	2016	2016	2016

Continuing operations
Food Solutions	419	435	446	452
Grain Trade	53	54	55	55
Oilseed Products	39	41	42	42
Total	511	530	543	549

Discontinued operations
Seafood	193	187	183	180
Total	193	187	183	180

Group total	704	716	725	729

PERSONNEL	Q1	Q2	Q3	Q4
Average number	2017	2017	2017	2017

Continuing operations
Food Solutions	423	431	443	451
Grain Trade	56	56	60	61
Oilseed Products	43	44	44	45
Total	522	531	547	557

Discontinued operations
Seafood	177	175	171	140
Total	177	175	171	140

Group total	699	706	717	697

Apetit Plc

Tero Heikkinen

For further information, please contact:

Tero Heikkinen, CFO, tel. +358 10 402 2310

Apetit Group clarifies its comparison data

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