Apetit will divest its service sales operations

Apetit Plc, Investor News, 9 November 2018 at 08:00 a.m.

Apetit Plc will divest its remaining service sales operations of the Food Solutions business gradually during early 2019. The service sales operations have been operated a shop-in-shop basis in connection with certain regional cooperatives. The network of the service sales operations has already been reduced earlier this year.

"The divestment of the service sales operations is in line with our strategy of focusing on our core businesses and is natural continuation of the seafood business divestment in 2017," CEO Juha Vanhainen says.

In connection with transfer of undertakings, approximately 100 Apetit employees will be transferred to the regional cooperatives as old employees. The divestment of the service sales operations will have no significant effect on Apetit's profit.

Apetit Plc

For further information, please contact:

Juha Vanhainen, CEO, Apetit Plc, tel. +358 10 402 2100

Sanna Väisänen, Director, Communications and IR, tel. +358 10 402 4041

Apetit is number one in vegetables. It is a food industry company firmly rooted in Finnish primary production. We create well-being with vegetables by offering healthy and tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit seeks to lead the way in vegetable-based food solutions. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2017, the company’s net sales were EUR 312 million and it had an average 557 employees. Read more at apetitgroup.fi.