INTERIM REPORT 1 January - 30 September 2010

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LÄNNEN TEHTAAT PLC         Interim Report        3 November 2010, 8.30 am       
INTERIM REPORT 1 January - 30 September 2010                                    

July-September (third quarter):                                                 
-  Consolidated net sales came to EUR 65.9 (64.1) million, up 3%                
-  Operating profit, excluding non-recurring items, was EUR 1.3 (1.3) million;  
non-recurring items totalled EUR 0.0 (-0.3) million                             
-  Profit for the period came to EUR 0.7 (1.1) million, and earnings per share  
amounted to EUR 0.10 (0.18).                                                    

January-September:                                                              
-  Consolidated net sales came to EUR 220.8 (194.3) million, up 14%             
-  Operating profit, excluding non-recurring items, was EUR 3.2 (2.2) million;  
non-recurring items totalled EUR 0.0 (-0.8) million                             
-  Profit for the period came to EUR 2.1 (1.6) million, and earnings per share  
amounted to EUR 0.34 (0.26).                                                    

In its second-quarter Interim Report, the company estimated that the            
consolidated full-year operating profit, excluding non-recurring items, would be
at least at the level of 2009. The updated guidance for the full year is that   
the consolidated operating profit, excluding non-recurring items, is expected to
exceed the level of 2009.                                                       

The information in this Interim Report has not been audited.                    


Matti Karppinen, CEO:                                                           

“Profit performance continued to be steady during the third quarter. For        
July-September, the consolidated operating profit, excluding non-recurring      
items, was about the same as a year ago. Both Frozen Foods and Other Operations 
posted a year-on-year improvement in their profits. Grains and Oilseeds managed 
the strong and rapid changes in market prices well, bringing the profit almost  
to the previous year's level. In Seafood, the result was down on the previous   
year's figure. The greatest operational challenges still lay with Seafood's     
Finnish operations, where high raw material costs burdened the result until late
in the period. The profits of Myrskylän Savustamo Oy and the associated company 
Taimen Oy, which were acquired in June, have been in line with expectations and 
have had a positive impact on Seafood's result.                                 

“The integration of the new companies into Apetit Kala's functions has proceeded
as planned, and Apetit Kala's reorganisation took effect at the beginning of    
September. Following the Taimen arrangement, the streamlining of the fresh fish 
supply chain has continued as planned. To improve the level of service, it was  
decided at the end of the period to begin fish processing at the Kustavi        
production plant.”                                                              


KEY FIGURES                                                                     

EUR million                    Q3/      Q3/  Jan-Sep  Jan-Sep  Jan-Dec          
                              2010     2009     2010     2009     2009          
                                                                                
Net sales                     65.9     64.1    220.8    194.3    266.0          
Operating profit               1.3      1.0      3.2      1.4      6.8          
Operating profit,                                                               
excluding non-recurring items  1.3      1.3      3.2      2.2      7.7          
Profit before taxes            1.2      1.4      3.3      2.1      7.3          
Profit for the period          0.7      1.1      2.1      1.6      5.8          
Earnings per share, EUR       0.10     0.18     0.34     0.26     0.94          


NET SALES AND PROFIT                                                            

July-September (third quarter):                                                 

Consolidated net sales for the third quarter amounted to EUR 65.9 (64.1)        
million, an increase of 3% on the same quarter in 2009. The majority of the     
growth was in the Seafood business.                                             
                                                                                
The Group's third-quarter operating profit, excluding non-recurring items, was  
EUR 1.3 (1.3) million. The non-recurring items totalled EUR 0.0 (-0.3) million. 
The operating profit includes EUR 0.6 (0.3) million as the share of the profits 
of associated companies. In the Frozen Foods and Other Operations segments the  
operating profit, excluding non-recurring items, was better than the previous   
year. In Seafood and the Grains and Oilseeds business, the profit was down year 
on year.                                                                        

January-September:                                                              

Consolidated net sales for January-September came to EUR 220.8 (194.3) million, 
up by 14%.                                                                      

The operating profit, excluding non-recurring items, was EUR 3.2 (2.2) million. 
The non-recurring items came to EUR 0.0 (-0.8) million. A total of EUR -0.7     
million of the non-recurring items in the comparison period was in the Seafood  
business and EUR -0.1 million in the Grains and Oilseeds business. The operating
profit includes EUR 0.8 (0.7) million as the share of the profits of associated 
companies.                                                                      

Financial income and expenses came to a total of EUR 0.1 (0.7) million. This    
figure includes valuation items of EUR 0.8 (0.6) million with no cash flow      
implications. Financial expenses also include EUR -0.6 (-0.4) million of Avena  
Nordic Grain Group's profit as the share attributable to the Avena Nordic Grain 
Oy employee shareholders.                                                       

Profit before taxes was EUR 3.3 (2.1) million. Profit for the period came to EUR
2.1 (1.6) million, and earnings per share amounted to EUR 0.34 (0.26).          


FINANCING AND BALANCE SHEET                                                     

The Group's liquidity was good and its financial position is strong.            
                                                                                
The cash flow from operating activities in January-September after interest and 
taxes amounted to EUR -3.1 (23.3) million. The impact of the change in working  
capital was EUR -7.3 (18.1) million, most of this being in the Grains and       
Oilseeds business. The net cash flow from investing activities came to EUR 6.9  
(-11.5) million. Deposits and withdrawals of liquid assets into and from        
short-term fixed income funds had an impact of EUR 13.0     (-12.0) million on  
the cash flow from investing activities. The cash flow from financing activities
came to EUR -4.7 (-16.8) million, and this included EUR -4.7 (-5.3) million in  
dividend payments.                                                              

At the end of the period the Group had EUR 3.5 (5.6) million in interest-bearing
liabilities and EUR 11.4 (20.9) million in liquid assets. Net interest-bearing  
liabilities totalled EUR -7.9 (-15.4) million. The Group's liquidity over the   
next few years is secured with committed credit facilities; a total of EUR 25   
(25) million was available in credit at the end of September. No credit         
facilities were used during the January-September period.                       

The consolidated balance sheet total stood at EUR 178.5 (172.7) million. At the 
end of September, equity totalled EUR 134.8 (132.1) million. The equity ratio   
was 75.6% (76.7%) and gearing was -5.9% (-11.6%).                               


INVESTMENT                                                                      

Gross investment in non-current assets in January-September came to EUR 2.6     
(2.0) million.                                                                  


PERSONNEL                                                                       

The average number of personnel during January-September was 624 (659). Most of 
the reduction in personnel occurred in the Seafood business.                    


OVERVIEW OF OPERATING SEGMENTS                                                  

Frozen Foods                                                                    

EUR million                    Q3/      Q3/  Jan-Sep  Jan-Sep  Jan-Dec          
                              2010     2009     2010     2009     2009          
                                                                                
Net sales                     10.0     10.4     33.8     34.6     46.0          
Operating profit               1.3      1.1      1.9      1.9      3.4          
Operating profit,                                                               
excluding non-recurring items  1.3      1.1      1.9      1.9      3.4          

Third-quarter net sales were down by 3% year on year. The decrease was in sales 
to the food industry and export sales. Sales of retail products and sales to the
hotel, restaurant and catering sector were favourable. The hot summer reduced   
frozen foods consumption and monthly fluctuations were strong.                  

Apetit Pakaste launched several new products during the period. The most        
significant new retail products were the Apetit Focaccia breads, comprising     
three products, and the lactose-free Apetit soups (puréed potato and root       
vegetable soup, salmon soup). The most important new items for the hotel,       
restaurant and catering sector were carrot patties and whitefish fishcakes.     

Third-quarter operating profit improved on the previous year's figure as a      
result of the sales emphasis on more profitable products, higher productivity   
and good management of overheads.                                               

Net sales in Frozen Foods for January-September fell by 2% year on year. Sales  
of retail products and sales to the hotel, restaurant and catering sector were  
at the previous year's level, while sales to the food industry and exports were 
down year on year. Within product groups, the good sales performance of frozen  
vegetables, frozen potato products and frozen soups continued. Operating profit 
for January-September was at the level of the previous year.                    

The number of personnel in Frozen Foods during January-September was 191 (199). 

The most significant of the investments during the period, which totalled EUR   
1.1 (1.4) million, were the replacements in crop-season production facilities   
and in the frozen ready meals factory, and the enlargement of the dispatch area 
at the Pudasjärvi production plant.                                             


Seafood                                                                         

EUR million                     Q3/      Q3/  Jan-Sep  Jan-Sep  Jan-Dec         
                               2010     2009     2010     2009     2009         
                                                                                
Net sales                      19.7     18.1     57.1     54.9     75.9         
Operating profit               -1.1     -1.1     -2.2     -3.0     -2.5         
Operating profit,                                                               
excluding non-recurring items  -1.1     -0.9     -2.2     -2.4     -1.8         

The third-quarter net sales of the Seafood business were up by about 9% on the  
same quarter a year earlier. This growth was in the Finnish Seafood business.   

The growth was attributable to the higher average price of fish product sales   
compared with a year earlier, the positive sales trend in higher added value    
cold-smoked and raw-pickled products, and the addition of Myrskylän Savustamo to
the Group at the start of June.                                                 
                                                                                
Net sales of Seafood's Norwegian and Swedish operations in euros were at about  
the level of a year earlier. Measured in local currencies, net sales were down  
by about 10%. Most of the decrease in net sales was on the Norwegian market. On 
the Swedish market, retail sales performed favourably, whereas sales in the     
hotel, restaurant and catering sector were slightly short of the previous year's
level.                                                                          

Seafood's third-quarter operating profit, excluding non-recurring items, was    
down a little, year on year. In the Finnish Seafood business the result         
improved. The result in Seafood's Norwegian and Swedish operations was adversely
affected by unrealised changes in the fair value of currency hedges, for which  
EUR -0.4 (-0.1) million was included in the operating result for the period. The
share of the third-quarter profit of the associated company Taimen Group        
amounted to EUR 0.4 million.                                                    

The profitability of the Finnish Seafood business was affected by raw material  
prices for rainbow trout and Norwegian salmon, which remained exceptionally     
high. Due to the market environment and the retail trade's pricing periods, it  
has so far only been possible to pass on a proportion of the higher raw material
costs to sales prices.                                                          
                                                                                
The operating efficiency of Seafood's Norwegian and Swedish operations has been 
good. In Norway, the high raw material price for salmon also continued to have  
an adverse impact on profit-earning capacity, as it was possible to introduce   
only a proportion of the price rises that would have compensated for the        
increased raw material prices, due to market circumstances.                     

Seafood's net sales for January-September were up by 4% on the same period in   
2009. The operating profit, excluding non-recurring items, was up by EUR 0.2    
million year on year, but was a loss overall. The operating profit included EUR 
-0.3 (-0.1) million as unrealised changes in the fair value of currency hedges. 
The share of the profit of the associated company Taimen Group, acquired in     
June, amounted to EUR 0.3 million.                                              

The process of integrating Apetit Kala and Myrskylän Savustamo Oy, acquired in  
June, and its subsidiary, Safu Oy, has proceeded according to plan. The         
functions of Apetit Kala were reorganised, and the new organisation took effect 
at the start of September. To streamline the fresh fish supply chain and improve
the service level, Apetit Kala is to begin fresh fish processing at the Kustavi 
production plant at the start of November. This will expand the fish processing 
capacity, reduce logistics costs and shorten the time from sea to table.        

The average number of personnel in the Seafood business totalled 363 (387).     

Investment in the Seafood business in January-September amounted to EUR 0.8     
(0.4) million. Most of this was in completing the productivity investment       
programme at the Kuopio production plant.                                       


Grains and Oilseeds                                                             

EUR million                    Q3/      Q3/  Jan-Sep  Jan-Sep  Jan-Dec          
                              2010     2009     2010     2009     2009          
                                                                                
Net sales                     36.1     35.6    129.7    104.7    143.4          
Operating profit               1.5      1.5      5.6      4.6      7.3          
Operating profit,                                                               
excluding non-recurring items  1.5      1.6      5.6      4.8      7.4          

Third-quarter net sales in the Grains and Oilseeds business were up by slightly 
more than 1% year on year. This growth was attributable to a small increase in  
deliveries and stronger prices.                                                 

The operating profit of Grains and Oilseeds, excluding non-recurring items, was 
down slightly on the previous year's third-quarter figure.                      

As part of its growth strategy, Avena Nordic Grain Oy established a subsidiary  
named TOO Avena Astana in Kazakhstan during the summer to strengthen its grain  
purchasing and trading operations in the region.                                

January-September net sales in Grains and Oilseeds were up by 24% year on year, 
thanks to a growth in volumes. Operating profit, excluding non-recurring items, 
was up on the previous year's level.                                            

Due to exceptional weather, this autumn's grain crop was below that of 2009 in a
number of key grain production regions, particularly in Russia, Ukraine and     
Kazakhstan. The EU crop was down by 20 million tonnes year on year. As there was
no corresponding drop in world demand, market prices rose in late July to a     
level significantly higher than a year earlier. At the end of harvesting, prices
came down on the world market but have since strengthened again.                

The grain crop in Finland was the smallest for a decade, amounting to a quarter 
less than the previous autumn's crop. The area under rapeseed doubled, but the  
per-hectare crop was below average on account of the hot, dry summer.           

Although the grain crop in Finland and many other countries was down year on    
year, there is an abundance of trading opportunities in the crop season         
currently under way, due to changes in grain flows, quality differences among   
crops on different markets, and price fluctuations.                             

The Grains and Oilseeds business employed an average of 60 (62) people.         

In January-September, investment came to EUR 0.6 (0.2) million and focused on   
the renewal of Avena's Internet marketplace (Avenakauppa) and the renewal of the
process automation system and other replacement investment for the Kirkkonummi  
vegetable oil mill.                                                             


Other Operations                                                                

EUR million                     Q3/      Q3/  Jan-Sep  Jan-Sep  Jan-Dec         
                               2010     2009     2010     2009     2009         
                                                                                
Net sales                       0.5      0.5      1.4      1.3      2.4         
Operating profit               -0.4     -0.5     -2.0     -2.1     -1.3         
Operating profit,                                                               
excluding non-recurring items  -0.4     -0.5     -2.0     -2.1     -1.3         

Other Operations comprise the service company Apetit Suomi Oy, Group            
Administration, items not allocated under any of the business segments, and the 
associated companies Sucros Ltd and Ateriamestarit Oy. The cost impact of the   
services produced by Apetit Suomi Oy is an encumbrance on the operating result  
of the Group's businesses in proportion to their use of the services.           
                                                                                
In the third quarter, net sales from the sale of services were at the previous  
year's level.                                                                   

The third-quarter operating profit came to EUR -0.4 (-0.5) million, which       
includes EUR 0.2 (0.3) million as the share of the profits of associated        
companies.                                                                      

The January-September operating profit was EUR -2.0 (-2.1) million. This figure 
includes EUR 0.5 (0.7) million as the share of the profits of associated        
companies.                                                                      

Investment in Other Operations totalled EUR 0.1 (0.0) million.                  


USE OF THE AUTHORISATIONS GRANTED TO THE BOARD OF DIRECTORS                     

Authorisations to issue shares                                                  

The company's Board of Directors has not exercised the authorisation granted to 
it by the Annual General Meeting on 30 March 2010 to issue new shares or to     
transfer Lännen Tehtaat plc shares held by the company.                         


SHARES AND TRADING                                                              
                                                                                
The number of Lännen Tehtaat plc shares traded on the stock exchange during     
January-September was 917,244 (1,105,775), representing 14.5% (17.5%) of the    
total number of shares. The euro-denominated share turnover was EUR 16.1 (14.0) 
million. The highest share price quoted was EUR 20.00 (15.20) and the lowest EUR
15.51 (11.90). The average price of shares traded was EUR 17.60 (12.64).        

At the end of September, the market capitalisation totalled EUR 116.6 (93.1)    
million.                                                                        


OWN SHARES                                                                      

At the end of September, the company had in its possession a total of 130,000 of
its own shares, with a combined nominal value of EUR 0.26 million. These shares 
represent 2.1% of the company's total number of shares and of the total number  
of votes.                                                                       


FLAGGING ANNOUNCEMENTS                                                          

Lännen Tehtaat received 3 flagging announcements in the period                  
January-September.                                                              

On 7 May 2010, EM Group Oy announced that its holding in Lännen Tehtaat plc had,
on 6 May 2010, exceeded 5% of the total number of Lännen Tehtaat plc shares and 
votes. At the time of the announcement, EM Group Oy owned 316,000 Lännen Tehtaat
plc shares, equating to 5.002% of the total number of Lännen Tehtaat plc shares 
and 5.107% of the votes.                                                        

On 15 September 2010, Valio Ltd announced that its holding of Lännen Tehtaat plc
shares had, on 14 September 2010, fallen below the 5% flagging level. Prior to  
the share transactions of 14 September 2010, Valio Ltd's holding amounted to    
327,912 shares and votes. Following the share transactions of 14 September 2010,
Valio Ltd owns no Lännen Tehtaat plc shares.                                    

On 15 September 2010, the Valio Pension Fund announced that its holding of      
Lännen Tehtaat plc shares and votes had, on 14 September 2010, exceeded 5%.     
Prior to the share transactions of 14 September 2010, the Valio Pension Fund    
held 86,478 Lännen Tehtaat plc shares and votes. Following the share            
transactions of 14 September 2010, the Valio Pension Fund holds 414,390 Lännen  
Tehtaat plc shares, which equates to 6.5% of the total of Lännen Tehtaat plc    
shares and votes.                                                               


SEASONALITY OF OPERATIONS                                                       

In accordance with the IAS 2 standard, the historical cost of inventories       
includes a systematically allocated portion of the fixed production overheads.  
In production that focuses on seasonal crops, raw materials are processed into  
finished products mainly during the final quarter of the year, which means that 
the inventory volumes and their balance-sheet values are at their highest at the
end of the year. Since the entry of the fixed production overheads included in  
the historical cost as an expense item is deferred until the time of sale, most 
of the Group's annual profit is accrued in the final quarter. The seasonal      
nature of operations is most marked in Frozen Foods and in the associated       
company Sucros, due to the link between production and the crop harvesting      
season.                                                                         

In the Seafood business, the sales of Apetit Kala Oy and Myrskylän Savustamo Oy 
peak at weekends and on holidays. A significant proportion of these companies'  
profits depends on the success of Christmas season sales. The profit accrual of 
the Taimen Group, which reports as an associated company, is weighted towards   
the end of the year and the early months of the year.                           

Net sales in the Grains and Oilseeds business vary from one year and quarter to 
the next to a greater extent than in the other businesses, being dependent on   
the demand and supply situation and on the price levels domestically and on     
other markets.                                                                  


SHORT-TERM RISKS AND UNCERTAINTIES                                              

The most significant short-term risks for the Lännen Tehtaat Group concern the  
following: the management of raw material price changes and currency risks;     
availability of raw materials; the impact of seafood price rises on consumer    
demand; the success of Christmas season sales in the Seafood business; the      
effects of a prolonged economic downturn on demand from consumers and customers;
the solvency of customers and the delivery performance of suppliers; changes in 
the Group's businesses and customerships; introduction of a new enterprise      
resource planning (ERP) system in Seafood's Norwegian and Swedish operations;   
and corporate acquisitions and the subsequent integration processes.            


SIGNIFICANT EVENTS SINCE THE END OF THE REVIEW PERIOD                           

Erkki Lepistö has relinquished his position as Managing Director of Apetit Kala 
Oy for personal reasons, and on 14 October 2010 Matti Karppinen was appointed as
his successor. Karppinen also continues as CEO of Lännen Tehtaat plc.           


OUTLOOK FOR THE FULL YEAR                                                       

The Group's net sales will be affected particularly by the level of activity in 
grain and oilseed markets and by changes in the price level of grains and       
oilseeds. Based on developments so far and on the current outlook, the Group's  
full-year net sales are expected to be up on the 2009 figure.                   

As in 2009, a high proportion of the Group's annual profit will accrue in the   
final quarter of the year, and so the consolidated operating profit for 2010,   
excluding non-recurring items, is expected to exceed the level of 2009.         


CONSOLIDATED INCOME STATEMENT                                                   

EUR million                           Q3/     Q3/ Jan-Sep  Jan-Sep  Jan-Dec     
                                     2010    2009    2010     2009     2009     

Net sales                             65.9   64.1   220.8    194.3    266.0     

Other operating income                 0.2    0.2     0.8      0.8      1.5     
Operating expenses                   -64.1  -62.2  -215.2   -190.4   -257.3     
Depreciation                          -1.4   -1.3    -4.0     -4.0     -5.3     
Impairments                            0.0   -0.1     0.0     -0.1     -0.1     
Share of profits of                                                             
associated companies                   0.6    0.3     0.8      0.7      2.0     
                                                                                
Operating profit                       1.3    1.0     3.2      1.4      6.8     

Financial income and expenses          0.0    0.4     0.1      0.7      0.5     

Profit before taxes                    1.2    1.4     3.3      2.1      7.3     

Income taxes                          -0.5   -0.3    -1.2     -0.4     -1.5     

Profit for the period                  0.7    1.1     2.1      1.6      5.8     

Attributable to                                                                 
Equity holders of the parent           0.7    1.1     2.1      1.6      5.8     
Non-controlling interests                -      -       -        -        -     

Basic and diluted earnings per                                                  
share, calculated of the profit                                                 
attributable to the shareholders of                                             
the parent company, EUR               0.10   0.18    0.34     0.26     0.94     


STATEMENT OF COMPREHENSIVE INCOME                                               

EUR million                           Q3/     Q3/ Jan-Sep  Jan-Sep  Jan-Dec     
                                     2010    2009    2010     2009     2009     

Profit for the period                 0.7     1.1     2.1      1.6      5.8     
Other comprehensive income                                                      
Cash flow hedges                      0.1    -0.4    -0.6      0.1      1.1     
Taxes related to cash flow hedges     0.0     0.1     0.2      0.0     -0.3     
Translation differences               0.1     0.6     0.6      1.2      1.4     

Total comprehensive income            0.9     1.4     2.2      3.0      8.0     

Attributable to                                                                 
Equity holders of the parent          0.9     1.4     2.2      3.0      8.0     
Non-controlling interests               -       -       -        -        -     


CONSOLIDATED STATEMENT OF FINANCIAL POSITION                                    

EUR million                                   30 Sep    30 Sep    31 Dec        
                                                2010      2009      2009        
ASSETS                                                                          
Non-current assets                                                              
Intangible assets                                6.1       6.0       5.6        
Goodwill                                         8.5       6.7       6.9        
Tangible assets                                 37.7      38.1      37.9        
Investment in associated companies              31.7      22.6      24.0        
Available-for-sale investments                   0.1       0.1       0.1        
Receivables                                      0.5       1.8       1.8        
Deferred tax assets                              1.4       2.1       1.1        
Non-current assets total                        86.0      77.3      77.4        

Current assets                                                                  
Inventories                                     51.6      46.3      48.1        
Receivables                                     29.5      24.6      25.5        
Income tax receivable                            0.0       0.0       0.1        
Financial assets at fair value                                                  
through profits                                  4.4      16.1      17.2        
Cash and cash equivalents                        7.0       4.8       7.9        
Current assets total                            92.5      91.9      98.7        

Non-current assets held for sale                   -       3.6         -        

Total assets                                   178.5     172.7     176.1        


EUR million                                   30 Sep    30 Sep    31 Dec        
                                                2010      2009      2009        

EQUITY AND LIABILITIES                                                          
Equity attributable to the equity                                               
holders of the parent                          131.9     132.1     137.3        
Non-controlling interests                        2.9         -         -        
Total equity                                   134.8     132.1     137.3        

Non-current liabilities                                                         
Deferred tax liabilities                         3.9       4.0       4.1        
Long-term financial liabilities                  2.5       3.7       2.4        
Non-current provisions                           0.0       0.1       0.2        
Other non-current liabilities                    4.6       0.1         -        
Non-current liabilities total                   11.0       7.9       6.6        

Current liabilities                                                             
Short-term financial liabilities                 1.0       1.9       0.9        
Income tax payable                               1.0       1.3       1.5        
Trade payables and other liabilities            30.7      29.5      29.7        
Current liabilities total                       32.7      32.7      32.1        

Total liabilities                               43.7      40.6      38.8        

Total equity and liabilities                   178.5     172.7     176.1        


CONSOLIDATED STATEMENT OF CASH FLOWS                                            

EUR million                                  Jan-Sep   Jan-Sep   Jan-Dec        
                                                2010      2009      2009        

Net profit for the period                        2.1       1.6       5.8        
Adjustments, total                               5.2       4.5       6.5        
Change in net working capital                   -7.3      18.1      14.9        
Interests paid                                  -0.8      -1.2      -1.8        
Interests received                               0.1       1.0       1.0        
Taxes paid                                      -2.2      -0.8      -0.6        
Net cash flow from operating activities         -3.1      23.3      25.8        

Investments in tangible and intangible assets   -2.6      -2.0      -2.7        
Proceeds from sales of tangible                                                 
and intangible assets                            0.5       0.4       3.2        
Acquisition of associated companies             -8.1         -         -        
Transactions with non-controlling interests      2.7      -1.2      -1.2        
Purchases of other investments                 -26.8     -15.0     -22.0        
Proceeds from sales of other investments        39.8       3.0       9.0        
Dividends received from investing activities     1.5       3.3       3.3        
Net cash flow from investing activities          6.9     -11.5     -10.4        

Repayments of short-term loans                   0.4     -10.2      -9.5        
Repayments of long-term loans                   -0.4      -1.4      -2.7        
Payment of financial lease liabilities           0.0       0.0       0.0        
Dividends paid                                  -4.7      -5.3      -5.3        
Cash flows from financing activities            -4.7     -16.8     -17.5        

Net change in cash and cash equivalents         -0.8      -5.0      -2.0        
Cash and cash equivalents at the                                                
beginning of the period                          7.9       9.9       9.9        
Cash and cash equivalents at the                                                
end of the period                                7.0       4.8       7.9        


STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY                                    

EUR million                                                                     

A = Share capital                                                               
B = Share premium account                                                       
C = Net unrealised gains                                                        
D = Other reserves                                                              
E = Own shares                                                                  
F = Translation differences                                                     
G = Retained earnings                                                           
H = Attributable to equity holders of the parent, total                         
I = Non-controlling interests (NCI)                                             
J = Total equity                                                                


                      A     B    C    D     E     F     G      H     I      J   
Shareholders'                                                                   
equity at                                                                       
1 Jan. 2010        12.6  23.4  0.0  7.2  -1.8  -0.5  96.4  137.3     -  137.3   
Dividend                                                                        
distribution          -     -    -    -     -     -  -4.7   -4.7     -   -4.7   
Transactions                                                                    
with NCI              -     -    -    -     -     -  -2.9   -2.9   2.9      -   
Other changes         -     -    -    -     -     -   0.0    0.0     -    0.0   
Total comprehensive                                                             
income                -     - -0.4  0.0     -   0.6   2.1    2.2     -    2.2   
Shareholders'                                                                   
equity at                                                                       
30 Sep. 2010       12.6  23.4 -0.4  7.2  -1.8   0.1  90.8  131.9   2.9  134.8   

Shareholders'                                                                   
equity at                                                                       
1 Jan. 2009        12.6  23.4 -0.8  7.2  -1.8  -1.9  96.6  135.1   0.5  135.6   
Dividend                                                                        
distribution          -     -     -    -    -     -  -5.3   -5.3     -   -5.3   
Transactions                                                                    
with NCI              -     -     -    -    -     -  -0.7   -0.7  -0.5   -1.2   
Other changes         -     -     -    -    -     -   0.1    0.1     -    0.1   
Total comrehensive                                                              
income                -     -   0.1    -    -   1.2   1.6    3.0     -    3.0   
Shareholders'                                                                   
equity at                                                                       
30 Sep. 2009       12.6  23.4  -0.7  7.2 -1.8  -0.7  92.2  132.1     -  132.1   


BASIS OF PREPARATION AND ACCOUNTING POLICIES                                    

The interim report has been prepared in accordance with IAS 34, Interim         
Financial Reporting, as adopted by the EU. The accounting policies adopted are  
consistent with those of the Group's annual financial statements for the year   
ended 31 December 2009.                                                         


SEGMENT INFORMATION                                                             

A  Frozen Foods                                                                 
B  Seafood                                                                      
C  Grains and Oilseeds                                                          
D  Other Operations                                                             
E  Total                                                                        


Operating segments, January-September 2010                                      

EUR million                     A       B       C       D       E               

Total segment sales          33.8    57.1   129.7     1.4   222.0               
Intra-group sales             0.0     0.0     0.0    -1.2    -1.2               
Net sales                    33.8    57.1   129.7     0.2   220.8               

Share of profits of                                                             
associated companies                                                            
included in operating                                                           
profit                          -     0.3       -     0.5     0.8               
Operating profit              1.9    -2.2     5.6    -2.0     3.2               

Gross investments in                                                            
non-current assets            1.1     0.8     0.6     0.1     2.6               
Corporate acquisitions                                                          
and other share purchases       -    10.5       -       -    10.5               

Depreciations                 1.6     1.4     0.5     0.5     4.0               
Impairments                     -     0.0       -       -     0.0               

Personnel                     191     363      60      10     624               


Operating segments, January-September 2009                                      

EUR million                     A       B       C       D       E               

Total segment sales          34.6    54.9   104.7     1.3   195.5               
Intra-group sales             0.0     0.0     0.0    -1.2    -1.2               
Net sales                    34.6    54.9   104.7     0.1   194.3               

Share of profits of                                                             
associated companies                                                            
included in operating                                                           
profit                          -       -       -     0.7     0.7               
Operating profit              1.9    -3.0     4.6    -2.1     1.4               

Gross investments in                                                            
non-current assets            1.4     0.4     0.2       -     2.0               
Corporate acquisitions                                                          
and other share purchases       -     1.2       -       -     1.2               
                                                                                
Depreciations                 1.4     1.5     0.5     0.5     4.0               
Impairments                     -     0.0     0.1       -     0.1               

Personnel                     199     387      62      10     659               


Operating segments January-December 2009                                        

EUR million                    A       B       C       D        E               

Total segment sales         46.0    75.9   143.4     2.4    267.8               
Intra-group sales           -0.1     0.0     0.0    -1.6     -1.7               
Net sales                   46.0    75.9   143.4     0.8    266.0               

Share of profits of                                                             
associated companies                                                            
included in operating                                                           
profit                         -       -       -     2.0      2.0               
Operating profit             3.4    -2.5     7.3    -1.3      6.8               

Gross investments in                                                            
non-current assets           1.9     0.6     0.3       -      2.7               
Corporate acquisitions                                                          
and other share purchases      -     1.2       -       -      1.2               

Depreciations                2.0     2.0     0.7     0.7      5.3               
Impairments                    -       -     0.1       -      0.1               

Personnel                    205     379      62      11      657               


KEY INDICATORS                                                                  
                                            30 Sep    30 Sep    31 Dec          
                                              2010      2009      2009          

Shareholders' equity per share, EUR          21.31     21.36     22.19          
Equity ratio, %                               75.6      76.7      78.0          
Gearing, %                                    -5.9     -11.6     -15.8          
Gross investments in non-current                                                
assets, EUR million                            2.6       2.0       2.7          
Corporate acquisitions and other                                                
share purchases, EUR million                  10.5       1.2       1.2          
Average number of personnel                    624       659       657          
Average number of shares, 1,000 pcs          6 188     6 188     6 188          

The key figures in this interim financial report are calculated with same       
accounting principles than presented in year 2009 annual financial statements.  


CONTINGENT LIABILITIES, CONTINGENT ASSETS AND OTHER COMMITMENTS                 

EUR million                                 30 Sep    30 Sep    31 Dec          
                                              2010      2009      2009          
Mortgages given for debts                                                       
Real estate mortgages                          2.8       5.6       2.0          
Guarantees                                    13.7      10.0      11.1          

Non-cancellable other leases,                                                   
minimum lease payments                                                          
Real estate leases                             5.0       4.7       4.3          
Other leases                                   0.8       0.7       0.8          


DERIVATIVE INSTRUMENTS                                                          

Outstanding nominal values of                                                   
derivative instruments                                                          
Forward currency contracts                     8.0       6.9       4.0          
Commodity derivative instruments              17.2      13.8       9.2          


CONTINGENT ASSETS                                                               

The present value of proceeds from the                                          
sale of shares in the joint entry account      0.7       0.7       0.7          


INVESTMENT COMMITMENTS                                                          

Lännen Tehtaat has no significant investment commitments at 30 September 2010.  


OTHER COMMITMENTS                                                               

Based on the shareholder agreements on the ownership arrangement between Apetit 
Kala Oy and Taimen Oy, once certain terms and conditions are met the contracting
parties are entitled to terminate the cross ownership at fair value. The        
liability in any termination of ownership will, on the basis of IAS 32, be      
recognised under non-current liabilities. The receivable arising in connection  
with this may not, under IFRS rules, be recognised.                             


CHANGES IN TANGIBLE ASSETS                                                      

EUR million                                   30 Sep    30 Sep    31 Dec        
                                                2010      2009      2009        

Book value at the beginning of the period       37.9      43.5      43.5        
Additions                                        2.1       1.2       2.0        
Additions through acquisitions                   0.7         -         -        
Disposals                                       -0.2      -4.0      -4.0        
Depreciations and impairments                   -3.3      -3.4      -4.5        
Other changes                                    0.4       0.8       0.9        
Book value at the end of the period             37.7      38.1      37.9        


TRANSACTIONS WITH ASSOCIATED COMPANIES AND JOINT VENTURES                       

EUR million                                  Jan-Sep   Jan-Sep   Jan-Dec        
                                                2010      2009      2009        

Sales to associated companies                    0.3       0.3       1.0        
Sales to joint ventures                          5.5       5.1       6.7        
Purchases from associated companies              1.6       1.4       2.2        

Long-term receivables from associated companies    -       1.5       1.3        
Long-term receivables from joint ventures        0.1       0.1       0.1        
Trade receivables and other                                                     
receivables from associated companies            1.5       1.6       1.6        
Trade receivables and other                                                     
receivables from joint ventures                  1.1       1.0       0.7        
Trade payables and other liabilities                                            
to associated companies                          0.0       0.0       0.2        


LÄNNEN TEHTAAT PLC                                                              
Board of Directors                                                              

Further information: Matti Karppinen, CEO, tel. +358 40 8448 692                

Distribution:                                                                   
NASDAQ OMX Helsinki Ltd                                                         
Principal media                                                                 
www.lannen.fi