Apetit Group’s updated comparison data

26.10.2017 18:45:00 EEST | Apetit Oyj | Inside information

Apetit Plc, Stock Exchange Release, 26 October 2017 at 6:45 p.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. The parties have agreed that their goal is to conclude the deal on 31 October 2017.

As a result of the agreement, Apetit reports the business to be sold as a discontinued operation. Discontinued operations include the Seafood segment, which comprises the fish processing operations of Apetit Kala Ltd in Finland and the Maritim Food Group and its subsidiaries in Sweden and Norway.

The updated comparison data for 2016 and the first half of 2017 on the Group’s discontinued and continuing operations are presented in the tables below. The data are unaudited.

NET SALES EUR million	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1-Q4 2016	Q1 2017	Q2 2017	Q1-Q2 2017

Continuing operations
Food Solutions	25.0	24.3	22.8	25.7	97.8	25.8	25.6	51.4
Grain Trade	30.8	50.2	38.9	39.8	159.7	33.0	39.4	72.4
Oilseed Products	16.5	18.2	17.6	15.9	68.2	16.8	16.3	33.1
Intra-group net sales	-4.5	-6.8	-1.5	-0.9	-13.7	-1.0	-4.0	-5.0
Total	67.9	85.9	77.8	80.5	312.0	74.6	77.3	151.9

Discontinued operations
Seafood	20.5	22.7	20.4	24.1	87.8	20.3	20.1	40.4
Intra-group net sales	-2.1	-2.2	-4.6	-4.3	-12.6	-3.0	-2.8	-5.8
Total	18.4	20.5	15.8	19.8	75.2	17.3	17.3	34.6

Group Total	87.5	106.9	91.9	100.1	386.5	91.9	94.3	186.2

OPERATIONAL EBIT EUR million	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1-Q4 2016	Q1 2017	Q2 2017	Q1-Q2 2017

Continuing operations
Food Solutions	-1.2	-1.6	0.2	-0.1	-2.6	-1.1	-1.2	-2.4
Grain Trade	0.4	0.1	0.6	0.2	1.4	0.2	0.2	0.4
Oilseed Products	0.7	0.7	0.8	0.6	2.7	0.3	0.7	0.9
Total	-0.1	-0.8	1.6	0.8	1.5	-0.7	-0.4	-1.1

Discontinued operations
Seafood	-0.9	-0.3	-0.2	0.8	-0.6	-0.5	0.1	-0.4
Total	-0.9	-0.3	-0.2	0.8	-0.6	-0.5	0.1	-0.4

Group Total	-1.0	-1.1	1.4	1.6	0.9	-1.2	-0.2	-1.5

OPERATING PROFIT EUR million	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1-Q4 2016	Q1 2017	Q2 2017	Q1-Q2 2017

Continuing operations
Food Solutions	-1.2	-1.6	0.2	-0.1	-2.6	-1.1	-1.4	-2.5
Grain Trade	0.4	0.1	0.6	0.2	1.4	0.2	0.2	0.4
Oilseed Products	0.7	0.7	0.8	0.6	2.7	0.3	0.7	0.9
Total	-0.1	-0.8	1.6	0.8	1.5	-0.7	-0.5	-1.3

Discontinued operations
Seafood	-0.9	-0.3	-0.2	0.5	-0.9	-0.6	-1.2	-1.8
Total	-0.9	-0.3	-0.2	0.5	-0.9	-0.6	-1.2	-1.8

Group Total	-1.0	-1.1	1.4	1.2	0.6	-1.3	-1.8	-3.1

INVESTMENT EUR million	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1-Q4 2016	Q1 2017	Q2 2017	Q1-Q2 2017

Continuing operations
Food Solutions	2.5	1.3	0.9	1.0	5.7	1.3	0.8	2.0
Grain Trade	0.0	0.1	0.0	0.0	0.1	0.0	0.1	0.1
Oilseed Products	0.6	0.6	0.3	0.4	1.9	0.1	0.3	0.4
Total	3.1	2.0	1.2	1.4	7.7	1.4	1.1	2.5

Discontinued operations
Seafood	1.0	0.4	0.1	0.5	2.0	0.2	0.2	0.4
Total	1.0	0.4	0.1	0.5	2.0	0.2	0.2	0.4

Group Total	4.1	2.4	1.3	1.8	9.7	1.6	1.3	2.9

DEPRECIATIONS AND IMPAIRMENTS EUR million	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1-Q4 2016	Q1 2017	Q2 2017	Q1-Q2 2017

Continuing operations
Food Solutions	0.9	0.9	1.0	1.0	3.8	1.1	1.1	2.2
Grain Trade	0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1
Oilseed Products	0.2	0.2	0.2	0.2	0.8	0.2	0.2	0.4
Total	1.1	1.2	1.2	1.3	4.8	1.3	1.4	2.7

Discontinued operations
Seafood	0.4	0.4	0.4	0.4	1.7	0.5	0.4	0.9
Total	0.4	0.4	0.4	0.4	1.7	0.5	0.4	0.9

Group Total	1.5	1.6	1.7	1.8	6.6	1.8	1.8	3.6

PERSONNEL Average	Q1 2016	Q2 2016	Q3 2016	Q4 2016	Q1 2017	Q2 2017

Continuing operations
Food Solutions	419	435	446	452	423	431
Grain Trade	53	54	55	55	56	56
Oilseed Products	39	41	42	42	43	44
Total	511	530	543	549	522	531

Discontinued operations
Seafood	193	187	183	180	177	175
Total	193	187	183	180	177	175

Group Total	704	717	726	729	699	706

Sami Saarnio
CFO

For more information:
Sami Saarnio, CFO, tel. +358 10 402 00

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Nasdaq Helsinki
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Apetit Group’s updated comparison data

Apetit Group’s updated comparison data

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