Apetit Plc to change its segment structure
Apetit Plc, Stock exchange release, 18 December 2013 The Apetit Plc Board of Directors has decided to change the segment structure of Apetit Plc. In the future, the Apetit Group’s business segments will be the Food Business, the Grains and Oilseeds Business and Other Operations. Apetit Plc, Stock exchange release, 18 December 2013
The Apetit Plc Board of Directors has decided to change the segment structure of Apetit Plc. In the future, the Apetit Group’s business segments will be the Food Business, the Grains and Oilseeds Business and Other Operations.
The Food Business will include Frozen Foods and the Seafood business, which have previously been reported separately, and the Caternet Finland sub-group and the business service company Apetit Suomi Oy, both of which were formerly included in the Other Operations segment.
There will be no changes in the Grains and Oilseeds Business, which will continue to comprise Avena Nordic Grain and its subsidiaries.
The Other Operations segment will include the parent company Apetit Plc and the associated company Sucros.
The change in the reporting structure is caused by Apetit Plc’s ongoing restructuring project, the aim of which is to combine the company’s present consumer businesses in Finland into a single entity. The purpose of combining the different business operations is to improve profitability and boost the company’s potential for growth.
The first review under the new segment structure will be published in a financial statements bulletin on 25 February 2014. Comparison figures for the new business segments will be released in January 2014.
Apetit Plc
Eero Kinnunen
CFO
Further information:
Eero Kinnunen, CFO, tel. +358 10 402 00,
Copies to:
Nasdaq OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Share
Facebook
Twitter
LinkedIn
Email
