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01.03.2018 07:30:00

Apetit Group clarifies its comparison data

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 SALESQ1Q2Q3Q4Q1-Q4
EUR million20162016201620162016
      
Continuing operations     
Food Solutions25.024.322.825.797.8
Grain Trade30.850.238.939.8159.7
Oilseed Products16.518.217.615.968.2
Intra-segment net sales-4.5-6.8-1.5-0.9-13.7
Total67.985.977.880.4312.0
      
Discontinued operations     
Seafood20.522.720.424.187.8
Intra-segment net sales-2.1-2.2-4.6-4.3-12.6
Total18.420.515.819.875.2
      
Group total87.5106.991.9100.1386.5


NET SALESQ1Q2Q3Q4Q1-Q4 2017
EUR million2017201720172017
      
Continuing operations     
Food Solutions25.825.623.627.5102.4
Grain Trade33.039.441.149.4162.9
Oilseed Products16.816.316.515.765.3
Intra-segment net sales-1.0-4.0-6.2-5.3-16.6
Total74.677.375.087.1314.0
      
Discontinued operations     
Seafood20.320.117.65.663.6
Intra-segment net sales-3.0-2.8-2.5-1.2-9.5
Total17.317.315.14.454.1
      
Group total91.994.389.991.6368.1


OPERATIONAL EBITQ1Q2Q3Q4Q1-Q4
EUR million20162016201620162016
      
Continuing operations     
Food Solutions-1.2-1.70.2-0.1-2.8
Grain Trade0.30.00.60.21.1
Oilseed Products0.60.60.70.52.5
Total-0.3-1.01.50.60.8
      
Discontinued operations     
Seafood-0.7-0.2-0.11.00.1
Total-0.7-0.2-0.11.00.1
      
Group total-1.0-1.11.41.60.9


OPERATIONAL EBITQ1Q2Q3Q4Q1-Q4 2017
EUR million2017201720172017
      
Continuing operations     
Food Solutions-1.2-1.30.60.6-1.3
Grain Trade0.10.20.50.10.8
Oilseed Products0.20.60.50.61.8
Total-1.0-0.51.61.21.3
      
Discontinued operations     
Seafood-0.30.30.20.10.4
Total-0.30.30.20.10.4
      
Group total-1.2-0.21.91.31.7


OPERATING PROFITQ1Q2Q3Q4Q1-Q4
EUR million20162016201620162016
      
Continuing operations     
Food Solutions-1.2-1.70.2-0.1-2.8
Grain Trade0.30.00.60.21.1
Oilseed Products0.60.60.70.52.5
Total-0.3-1.01.50.60.8
      
Discontinued operations     
Seafood-0.7-0.2-0.10.6-0.3
Total-0.7-0.2-0.10.6-0.3
      
Group total-1.0-1.11.41.20.6


OPERATING PROFITQ1Q2Q3Q4Q1-Q4 2017
EUR million2017201720172017
      
Continuing operations     
Food Solutions-1.2-1.50.70.5-1.5
Grain Trade0.10.20.50.10.8
Oilseed Products0.20.60.50.61.8
Total-1.0-0.71.61.21.1
      
Discontinued operations     
Seafood-0.3-1.0-2.40.1-3.6
Total-0.3-1.0-2.40.1-3.6
      
Group total-1.3-1.8-0.71.2-2.5


INVESTMENTSQ1Q2Q3Q4Q1-Q4
EUR million20162016201620162016
      
Continuing operations     
Food Solutions2.51.30.91.05.7
Grain Trade0.00.10.00.00.1
Oilseed Products0.60.60.30.41.9
Total3.12.01.21.47.7
      
Discontinued operations     
Seafood1.00.40.10.52.0
Total1.00.40.10.52.0
      
Group total4.12.41.31.89.7


INVESTMENTSQ1Q2Q3Q4Q1-Q4 2017
EUR million2017201720172017
      
Continuing operations     
Food Solutions1.30.80.80.93.7
Grain Trade0.00.10.20.10.4
Oilseed Products0.10.30.20.51.1
Total1.41.11.11.55.2
      
Discontinued operations     
Seafood0.20.20.30.00.7
Total0.20.20.30.00.7
      
Group total1.61.31.41.65.9


DEPRECIATION AND IMPAIRMENTSQ1Q2Q3Q4Q1-Q4
EUR million20162016201620162016
      
Continuing operations     
Food Solutions0.90.91.01.13.9
Grain Trade0.10.10.10.10.3
Oilseed Products0.20.20.20.20.8
Total1.21.21.21.44.9
      
Discontinued operations     
Seafood0.40.40.40.41.7
Total0.40.40.40.41.7
      
Group total1.51.61.71.86.6


DEPRECIATION AND IMPAIRMENTSQ1Q2Q3Q4Q1-Q4 2017
EUR million2017201720172017
      
Continuing operations     
Food Solutions1.11.11.11.24.5
Grain Trade0.10.10.10.10.3
Oilseed Products0.20.20.20.20.8
Total1.31.41.41.55.6
      
Discontinued operations     
Seafood0.40.50.00.00.9
Total0.40.50.00.00.9
      
Group total1.81.81.41.56.5


PERSONNELQ1Q2Q3Q4
Average number2016201620162016
     
Continuing operations    
Food Solutions419435446452
Grain Trade53545555
Oilseed Products39414242
Total511530543549
     
Discontinued operations    
Seafood193187183180
Total193187183180
     
Group total704716725729


PERSONNELQ1Q2Q3Q4
Average number2017201720172017
     
Continuing operations    
Food Solutions423431443451
Grain Trade56566061
Oilseed Products43444445
Total522531547557
     
Discontinued operations    
Seafood177175171140
Total177175171140
     
Group total699706717697


Apetit Plc

Tero Heikkinen


For further information, please contact:

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

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