LÄNNEN TEHTAAT IMPROVES LOGISTICS EFFICIENCY OF ITS SEAFOOD BUSINESS IN FINLAND
LÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE 23 June 2009, 13.15 p.m.
LÄNNEN TEHTAAT IMPROVES LOGISTICS EFFICIENCY OF ITS SEAFOOD BUSINESS IN FINLAND
An improvement in the efficiency of logistics functions represents a further
step in the efficiency improvements being implemented by Apetit Kala Oy, a
subsidiary of Lännen Tehtaat plc. Apetit Kala Oy and Swanline Oy have agreed on
a transfer of business, whereby the picking and dispatch functions at Apetit
Kala Oy's Kerava logistics centre will be transferred on 13 July 2009 to
logistics service operator Swanline Oy. As part of the business transfer, 21
employees at Kerava will also transfer to Swanline Oy. Apetit Kala Oy also took
the decision to sell the Kerava property, and this has now been sold to a
Finnish industrial operator.
With the property sale and the transfer of the logistics functions, the aim is
to achieve improved profits of around EUR 0.4 million annually, this first being
achieved in full during 2010. The sale will also release a significant amount of
tied-up capital. Non-recurring expenses of approximately EUR 0.5 million on the
property sale will be recognised in the second-quarter operating result of the
Seafood business.
Apetit Kala Oy develops and produces fresh fish products at its plant in Kuopio
and sells fish products and other fresh products at its Kalatori service
counters, which operate under the shop-in-shop principle in the largest
supermarkets. The company's brand name is Apetit. Apetit Kala's main product
groups are cold- and hot-smoked, raw pickled and marinated fish products. The
main ingredients used by the company are farmed rainbow trout and salmon, and
Finnish and Canadian whitefish.
LÄNNEN TEHTAAT PLC
Matti Karppinen
CEO
Further information: Matti Karppinen, CEO, tel. +358 10 402 4001
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