Apetit builds bioenergy plant in conjunction with its rapeseed oil milling plant in Kirkkonummi

Apetit builds bioenergy plant in conjunction with its rapeseed oil milling plant in Kirkkonummi

On 7 June 2018 Apetit announced that it plans to build bioenergy plant.

“We are clad to be able to invest in development of our strategic businesses and the use of renewable energy. The new bioenergy plant will increase energy self-sufficiency of the plant and use of production side streams as energy source,” says CEO Juha Vanhainen.

The bioenergy plant will replace the current energy solution that uses non-renewable fuels and significantly reduce the carbon dioxide emissions of the entire Group. The value of the investment is about EUR 3.7 million. The project is conditional for an environmental permit.

 

 

For further information, please contact:

Juha Vanhainen, CEO, Apetit Plc, tel. +358 10 402 00

Sanna Väisänen, Director, Communications and Investor Relations, Apetit Plc, tel. +358 10 4024041

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The harvest of field vegetables is also likely to be lower than usual.”   KEY FIGURES EUR million 4-6 2018 4-6 2017 Change 1-6 2018 1-6 2017 Change 2017 Continuing operations               Net sales 72.8 76.8 -5% 132.5 150.8   -12% 311.8 Operational EBITDA 0.1 0.8   0.1 1.2   6.8 Operational EBIT -1.4 -0.5   -2.8 -1.5   1.3 Operating profit -2.7 -0.7   -4.1 -1.7   1.1 Share of profit of associated company Sucros -0.4 0.2   -0.9 -0.5   1.0 Profit for the period -2.8 -0.5   -4.5 -2.0   2.9 Earnings per share, EUR -0.45 -0.08   -0.72 -0.32   0.46 Working capital, at end of period       28.5 25.3   30.0 Investment       1.8 2.5   5.2 Group (incl. discontinued operations during comparison period)               Earnings per share, EUR -0.45 -0.27   -0.72 -0.56   -0.10 Equity per share, EUR       16.75 17.58   18.10 Return on capital employed (ROCE), %       0.9% 1.9%   2.4% Net cash flow from operating activities       -0.1 23.1   20.0 Equity ratio       76.1% 71.1%   72.6% Gearing       -4.7% -1.5%   -9.6%   NEWS CONFERENCE AND WEBCAST A news conference (in Finnish) will be held today at 10:00 a.m. at Apetit’s office, Sörnäistenkatu 1 A, Helsinki. 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Apetit further specifies its strategic goals – its focus areas are renewa...

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