Apetit Plc, Stock Exchance Release on February 10th, 2016 at 9:30 a.m. EET
Apetit Plc will publish its Financial Statements Bulletin 2015 on Wednesday,
17th February 2016 at 8:30 a.m. Finnish time.
Apetit Plc, Stock Exchance Release on February 10th, 2016 at 9:30 a.m. EET
A briefing (in Finnish) for analysts and media will be held at 10:00 a.m. in
Hotel Scandic Simonkenttä, meeting room Espa, (address: Simonkatu 9, Helsinki).
The presentation material will be also published on company web pages at
www.apetitgroup.fi/en after the event.
In the briefing Apetit Plc’s CEO Juha Vanhainen presents Financial Statements
Bulletin 2015, and gives more information about other actual matters.
Please inform of your participation to Mrs Tuija Österberg, tel. +358 10 402
2110 or e-mail .
The Financial Statements Bulletin 2015 can be found on company web pages at
www.apetitgroup.fi/investors on February 17th, after 8.30 a.m. and the
presentation material after the briefing.
Apetit Plc
Juha Vanhainen
CEO
For more information, please contact:
Manager, Communications and IR, Mikko Merisaari, tel. +358 10 402 4041
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi/en
Apetit Plc, Financial Calendar, 19 January 2016 at 2.00 p.m.
CORRECTION: Apetit Plc corrects the release published on 17th December 2015.
Apetit Plc, Financial Calendar, 19 January 2016 at 2.00 p.m.
The publication of the Annual Report was incorrectly informed to take place in
week 11, 2016. The correct week of the publication is week 10, 2016. Corrected
release can be found below.
Apetit Plc will publish the following financial reports in 2016:
-- Financial Statements Bulletin 2015, Wednesday 17 February 2016 at 8:30
-- Annual Report 2015, Week 10, 2016
-- Interim Report January-March (Q1), Thursday, 12 May 2016 at 8:30
-- Interim Report January-June (Q2), Tuesday 16 August 2016 at 8:30
-- Interim Report January-September (Q3), Thursday 3 November 2016 at 8:30
Apetit Plc will hold its Annual General Meeting on Thursday 31 March 2016. The
Board of Directors will give a separate invitation to the Annual General
Meeting at a later date.
The financial reports are published in Finnish and English and will be
published on the company’s web pages at www.apetitgroup.fi
Apetit Plc
Eero Kinnunen
CFO
Further information:
Eero Kinnunen, CFO, tel. +358 10 402 00,
Distribution:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 17 December 2015 at 8:30 a.m.
Apetit Plc will publish the following financial reports in 2016:
Apetit Plc, Stock Exchange Release, 17 December 2015 at 8:30 a.m.
-- Financial Statements Bulletin 2015, Wednesday 17 February 2016 at 8:30
-- Annual Report 2015, Week 11, 2016
-- Interim Report January-March (Q1), Thursday, 12 May 2016 at 8:30
-- Interim Report January-June (Q2), Tuesday 16 August 2016 at 8:30
-- Interim Report January-September (Q3), Thursday 3 November 2016 at 8:30
Apetit Plc will hold its Annual General Meeting on Thursday 31 March 2016. The
Board of Directors will give a separate invitation to the Annual General
Meeting at a later date.
The financial reports are published in Finnish and English and will be
published on the company’s web pages at www.apetitgroup.fi
Apetit Plc
Eero Kinnunen
CFO
Further information:
Eero Kinnunen, CFO, tel. +358 10 402 00,
Distribution:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit Plc, Changes in company's own shares, December 2, 2015 at 9:30 a.m.
Apetit Plc, Changes in company's own shares, December 2, 2015 at 9:30 a.m.
Apetit Plc has assigned a total of 1,366 shares (APETI) on December 2, 2015
(other conveyance) as a reward to the Chairman, Deputy Chairman and members of
the Board. The assignment value is EUR 17,650.22 in total, which corresponds
approximately to EUR 12.92 per share. Taking into account the above-specified
conveyances, the company holds a total of 122,289 shares.
Apetit Plc’s Supervisory Board decided in April 16, 2015, that the Chairman
will receive an annual remuneration of EUR 39,060, the Deputy Chairman will
receive EUR 24,120 and the Board members EUR 19,560. A total of 50 per cent of
the annual remuneration will be in cash and the remaining 50 per cent in the
form of Apetit Plc's shares held by the company at the current value of the
share at the time of transfer. The remuneration was decided to be paid in four
equal value share and cash payments in June, September, December and March.
Apetit Plc
Mikko Merisaari
Manager, Communications and IR
For more information, please contact:
Corporate Councel Asmo Ritala, tel, +358 10 402 4005
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit Plc, Interim Report, 30 October 2015 at 08:30 a.m.
Apetit Plc, Interim Report, 30 October 2015 at 08:30 a.m.
This is a summary of the Interim Report January - September 2015. The complete
Interim Report, including tables of financial information, is attached to this
release and can be downloaded from the company’s website at
www.apetitgroup.fi/en.
Third quarter (July–September)
-- Consolidated net sales were down on the previous year and amounted to EUR
75.3 (77.0) million.
-- Operating profit excluding non-recurring items was EUR 1.5 (1.6) million.
-- The reported operating profit was EUR -2.8 (-11.1) million and
non-recurring items totalled EUR -4.3 (-12.7) million.
-- The profit for the period was EUR -4.0 (-11.1) million, and earnings per
share amounted to EUR -0.64 (-1.74).
-- The profit for the period excluding non-recurring items came to EUR 0.4
(1.0) million, and earnings per share excluding non-recurring items
amounted to EUR 0.06 (0.20).
January–September
-- Consolidated net sales were up on the comparison period and amounted to EUR
267.0 (264.0) million.
-- Operating profit excluding non-recurring items was lower than a year
earlier and came to EUR -1.5 (2.0) million.
-- The reported operating profit was EUR -5.1 (-11.2) million, and
non-recurring items totalled EUR -3.6 (-13.2) million.
-- The profit for the period was EUR -6.8 (-12.1) million, and earnings per
share amounted to EUR -1.05 (-1.86).
-- The profit for the period excluding non-recurring items came to EUR -3.2
(0.3) million, and earnings per share excluding non-recurring items
amounted to EUR -0.46 (0.15).
Assessment of profit performance for the full year is unchanged. The Group’s
full-year operating profit excluding non-recurring items is expected to fall
short of the previous year’s level. The final-quarter operating profit
excluding non-recurring items is also expected to be lower than in the
comparison period.
The information in this Interim Report has not been audited. The figures in
parentheses are the equivalent figures for the same period in 2014, and the
comparison period means the corresponding period of the previous year, unless
stated otherwise.
Juha Vanhainen, CEO:
“The Apetit Group’s third quarter net sales and operating profit excluding
non-recurring items were slightly down on the previous year. Profitability was
supported by the performance of the Grains and Oilseeds Business which matched
the comparison period’s figures, but on the whole, consolidated profit was
unsatisfactory. In the Food Business, the third quarter operating profit
excluding non-recurring items improved on the first half of the year but
nevertheless remained on an unsatisfactory level. Due to the low market price
of sugar, the associated company Sucros’s result was negative.
We continued our long-term profitability programmes in the Food Business. We
have concentrated operations of the fish products group in Kuopio, and made
investments to improve profitability and changed work arrangements. In the
fresh products group we have significantly streamlined the production structure
at the Helsinki plant. The profitability programme measures will be implemented
in stages by the end of 2015. When fully implemented, the objective of the
programmes is to achieve a reduction of EUR 4.5 million in annual operating
costs.
Management of the Food Business was strengthened in the early autumn to boost
the revision of its business operations and implementation of the profitability
programmes. Anu Ora took up the position of Director of the Apetit Group’s Food
Business in August. She has strong experience in the retail trade and strategic
business development. Changes were also made in the management of the fish and
fresh products groups to focus the best talent and resources to managing
profitability and renewal.
In the early autumn we launched a planning process for a new Apetit Group
strategy. The work is now in full swing and proceeding according to schedule.
We aim to have the new strategy ready in early 2016.”
KEY FIGURES
EUR million Q3/ Q3/ Change Q1–Q3/ Q1–Q3/ Change 2014
2015 2014 2015 2014
--------------------------------------------------------------------------------
Net sales 75.3 77.0 -2 % 267.0 264.0 +1 % 384.7
--------------------------------------------------------------------------------
Operating profit before 1.5 1.6 -1.5 2.0 7.3
non-recurring items
--------------------------------------------------------------------------------
Operating profit -2.8 -11.1 -5.1 -11.2 -5.9
--------------------------------------------------------------------------------
Profit before taxes -3.8 -11.1 -6.3 -12.1 -8.1
--------------------------------------------------------------------------------
Profit for the period -4.0 -11.1 -6.8 -12.1 -8.7
--------------------------------------------------------------------------------
Profit for the period, 0.4 1.0 -3.2 0.3 3.7
excl. non-recurring items
--------------------------------------------------------------------------------
Earnings per share, EUR -0.64 -1.74 -1.05 -1.86 -1.29
--------------------------------------------------------------------------------
Earnings per share, excl. 0.06 0.20 -0.46 0.15 0.72
non-recurring items, EUR
--------------------------------------------------------------------------------
Equity per share, EUR 19.07 20.08 20.70
--------------------------------------------------------------------------------
Equity ratio, % 60.2 61.4 69.7
--------------------------------------------------------------------------------
Gearing, % 13.0 14.8 -1.3
--------------------------------------------------------------------------------
Net cash flow from -8.4 -4.0 18.1
operating activities
--------------------------------------------------------------------------------
OUTLOOK FOR 2015
The Group’s full-year operating profit excluding non-recurring items is
expected to fall short of the previous year’s level.
The final-quarter operating profit excluding non-recurring items is expected to
be lower than a year earlier.
Owing to the extremely challenging situation in the sugar market, the
associated company Sucros, which is part of the Other Operations segment, is
anticipated to make a loss this year. In addition, harvest-time production,
which will be lower than that of the comparison period, is anticipated to have
a negative impact on Sucros’s result during the latter part of the year
compared with the comparison period.
In Finland, the market situation in the food sector is expected to remain
challenging, which is estimated to affect the profitability of the Food
Business in 2015 more than was anticipated in the early part of the year. The
aim of the long-term profitability programmes in the Food Business is to
improve profitability and competitiveness. The effect of the profitability
programmes will increase towards the end of the year but the improvement of
profitability will be slowed down by the continuing challenging market
conditions.
The outlook of the Grains and Oilseeds business is stable. The segment’s
operating profit excluding non-recurring items is, however, expected to fall
short of the strong figures of the comparison period.
Due to the substantial effect of international grain market price fluctuations
on the entire Group’s net sales, Apetit will not issue any estimates of the
expected full-year net sales.
FURTHER INFORMATION
Juha Vanhainen, CEO, tel. +358 (0)10 402 00
Eero Kinnunen, CFO, tel. +358 (0)10 402 4025
***************
INVITATION TO A BRIEFING
A briefing (in Finnish) for analysts and media representatives will be held
today at 10.00 a.m. in Hotel Scandic Simonkenttä (address: Simonkatu 9,
Helsinki). In the briefing Apetit Plc’s CEO Juha Vanhainen presents the January
- September results of Apetit Plc and gives information about other current
issues. Apetit Plc’s CFO Eero Kinnunen will also be present in the briefing.
The presentation material will be available on the company’s website at
http://www.apetitgroup.fi/en/ after the event.
Apetit Plc, Stock Exchance Release on October 23rd, 2015 at 9:30 a.m. EET
Apetit Plc will publish its Interim Report for January-September 2015 on Friday
30th 2015 at 8:30 a.m. Finnish time.
Apetit Plc, Stock Exchance Release on October 23rd, 2015 at 9:30 a.m. EET
A briefing (in Finnish) for analysts and media will be held on the same day at
10:00 a.m. in Hotel Scandic Simonkenttä, meeting room Espa, (address: Simonkatu
9, Helsinki). The presentation material will be also published on company web
pages at www.apetitgroup.fi/en after the event.
In the briefing Apetit Plc’s CEO Juha Vanhainen presents the third quarter
results of Apetit and gives more information about other actual matters.
Please inform of your participation to Mrs Tuija Österberg, tel. +358 10 402
2110 or e-mail
Apetit Plc
Juha Vanhainen
CEO
For more information, please contact:
Mikko Merisaari, Manager, Communications and IR, tel. +358 10 402 4041
Apetit Plc, Stock Exchange Release, 30 September 2015 at 6:30 p.m.
Apetit Plc, Stock Exchange Release, 30 September 2015 at 6:30 p.m.
The employee owners of Taimen Oy, whose combined holding in Taimen is 66.8 per
cent, have made an agreement to sell their Taimen shares to a new owner outside
the company. As a consequence, Apetit has decided not to use its right of
redemption but to sell its own 23.7 per cent holding in Taimen to the same
buyer on corresponding terms under the joint sale conditions of the shareholder
agreement. The transaction is expected to be completed in October.
Apetit will book a non-recurring loss of EUR 3.9 million on the transaction in
the third quarter of the current year for the Food Business. The profit impact
of the associated company Taimen Oy in January-June 2015 was EUR 0.0 million
and correspondingly EUR 0.3 million in full year 2014.
Apetit Plc
Juha Vanhainen
CEO
Further information:
Juha Vanhainen, CEO, Apetit Plc, tel. +358 10 402 00
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit - Delicious wellbeing. Apetit is a Finnish food company whose mission is
to offer delightfully satisfying flavours and service experiences. Our product
groups cover frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fruit and vegetable products, and grains and vegetable
oils. The company's shares are listed on Nasdaq Helsinki Ltd. In 2014, the
company’s net sales were EUR 385 million and it employed an average of 723
people. www.apetitgroup.fi
Apetit Plc, Changes in company's own shares, September 2, 2015 at 9:30 a.m.
Apetit Plc, Changes in company's own shares, September 2, 2015 at 9:30 a.m.
Apetit Plc has assigned a total of 1,337 shares (APETI) on September 2, 2015
(other conveyance) as a reward to the Chairman, Deputy Chairman and members of
the Board. The assignment value is EUR 17,667.39 in total, which corresponds
approximately to EUR 13.21 per share. Taking into account the above-specified
conveyances, the company holds a total of 123,655 shares.
Apetit Plc’s Supervisory Board decided in April 16, 2015, that the Chairman
will receive an annual remuneration of EUR 39,060, the Deputy Chairman will
receive EUR 24,120 and the Board members EUR 19,560. A total of 50 per cent of
the annual remuneration will be in cash and the remaining 50 per cent in the
form of Apetit Plc's shares held by the company at the current value of the
share at the time of transfer. The remuneration was decided to be paid in four
equal value share and cash payments in June, September, December and March.
Apetit Plc
Mikko Merisaari
Manager, Communications and IR
For more information, please contact
Corporate Councel Asmo Ritala, tel, +358 10 402 4005
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit Plc, Interim Report, 12 August 2015 at 08:30 am
Apetit Plc, Interim Report, 12 August 2015 at 08:30 am
his is a summary of the Interim Report January - June 2015. The complete
Interim Report, including tables of financial information, is attached to this
release and can be downloaded from the company’s website at
www.apetitgroup.fi/en.
Second quarter (April–June)
-- Consolidated net sales were up on the previous year and amounted to EUR
100.2 (98.1) million.
-- Operating profit excluding non-recurring items was lower than a year
earlier and came to EUR -0.7 (0.7) million.
-- The reported operating result was EUR 0.0 (0.6) million.
-- The profit for the period was EUR -0.6 (0.1) million, and earnings per
share amounted to EUR -0.10 (0.02).
January–June
-- Consolidated net sales were up on the previous year and amounted to EUR
191.7 (187.0) million.
-- Operating profit excluding non-recurring items was lower than a year
earlier and came to EUR -3.0 (0.4) million.
-- The reported operating profit before non-recurring items was EUR -2.2
(-0.1) million.
-- The profit for the period was EUR -2.9 (-1.1) million, and earnings per
share amounted to EUR -0.41 (-0.12).
Assessment of profit performance for the full year is unchanged. The Group’s
full-year operating profit excluding non-recurring items is expected to fall
short of the previous year’s level.
The information in this Interim Report has not been audited. The figures in
parentheses are the equivalent figures for the same period in 2014, and the
comparison period means the corresponding period of the previous year, unless
stated otherwise.
Juha Vanhainen, CEO:
“The Apetit Group’s net sales grew slightly in April–June but the operating
profit excluding non-recurring items was lower than in the comparison period.
The weakened profitability of the Food Business and especially its fish and
fresh product groups had an adverse effect on the consolidated operating
profit, which excluding non-recurring items was negative. Finland’s poor
economic situation has reduced sales in the retail and restaurant sectors and
shifted consumer demand to products of a lower price and with less added value.
The market price level of sugar was low, as was expected, turning the
associated company profit of Sucros, which is part of the Other Operations
segment, negative. The April–June period was successful for the Grains and
Oilseeds Business, where the large delivery volumes in the grain trade and the
high profitability of oilseed products led to an improvement in the segment
operating profit, excluding non-recurring items, on the previous year.
I’ve spent my first few months studying the Group’s operations, finances and
stakeholders in order to understand the challenges and opportunities that we
have. In the Food Business we are strengthening our competitiveness and
enhancing our customer and consumer orientation in a changing operating
environment. One of the first steps is to strengthen the segment’s management,
and to this end we have appointed Anu Ora as Director of the Food Business. She
has considerable experience and strong credentials in the Finnish retail trade
and strategic business development.
In the late summer we began the planning of Apetit’s new strategy and will
during the process define the methods with which we can ensure the Group’s
profitability, operating efficiency and continuous customer and consumer
oriented renewal in a changing operating environment. I am looking forward to
the strategy collaboration work within our organisation.
In the Food Business Apetit has many strengths based on quality, products and
domestic origin. Our product categories are a strong favourite of those who
appreciate delicious wellbeing. At the same time the continued difficult market
situation in the Finnish food sector and the poor profitability in the fish and
fresh product segments are significant challenges to which we must respond with
determination. The long-term profitability programmes under way in the Food
Business’s fish and fresh products groups will continue throughout 2015 as
planned, and we will adjust the measures taken if necessary.
In the Grains and Oilseeds Business our market position is strong and our
profitability is solid. We will continue to strengthen our business in the
Baltic Sea region and Finland. The expansion of the Inkoo grain terminal will
be inaugurated this month and we will enjoy the benefits of the new grain
export capacity during this harvest season. In the autumn we will launch a
project to expand the packaging plant at the Kirkkonummi vegetable oil milling
plant in response to the increased demand for vegetable oil products. Both
projects support the profitable growth of the Grains and Oilseeds Business”.
KEY FIGURES
EUR million Q2/201 Q2/201 Change Q1-Q2/ Q1–Q2/ Change Q1-Q4/
5 4 2015 2014 2014
--------------------------------------------------------------------------------
Net sales 100.2 98.1 +2% 191.7 187.0 +3% 384.7
--------------------------------------------------------------------------------
Operating profit before -0.7 0.7 -3.0 0.4 7.3
non- recurring items
--------------------------------------------------------------------------------
Operating profit 0.0 0.6 -2.2 -0.1 -5.9
--------------------------------------------------------------------------------
Profit before taxes -0.3 0.0 -2.6 -1.0 -8.1
--------------------------------------------------------------------------------
Profit for the period -0.6 0.1 -2.9 -1.1 -8.7
--------------------------------------------------------------------------------
Profit for the period -1.3 0.1 -3.6 -0.7 3.7
excluding non-recurring
items
--------------------------------------------------------------------------------
Earnings per share, EUR -0.10 0.02 -0.41 -0.12 -1.29
--------------------------------------------------------------------------------
Earnings per share -0.21 0.03 -0.52 -0.06 0.72
excluding non-recurring
items, EUR
--------------------------------------------------------------------------------
Equity per share, EUR 19.70 21.71 20.70
--------------------------------------------------------------------------------
Equity ratio, % 75.8 76.7 69.7
--------------------------------------------------------------------------------
Net cash flow from 14.1 28.7 18.1
operating activities
--------------------------------------------------------------------------------
OUTLOOK FOR 2015
The Group’s full-year operating profit excluding non-recurring items is
expected to fall short of the previous year’s level.
Owing to the extremely challenging situation in the sugar market, the
associated company Sucros, which is part of the Other Operations segment, is
anticipated to make a loss this year.
In Finland, the market situation in the food sector is expected to remain
challenging, which is estimated to affect the profitability of the Food
Business in 2015 more than was earlier projected. The aim of the long-term
profitability programmes in the Food Business is to improve profitability and
competitiveness. The impact of these programmes on the operating profit is
expected to be felt in stages during the year as the measures are implemented.
In the Grains and Oilseeds Business, no major change is expected in the
prospects for profitability in 2015 compared with the previous year.
Due to the substantial effect of international grain market price fluctuations
on the entire Group’s net sales, Apetit will not issue any estimates of the
expected full-year net sales.
Further information
Juha Vanhainen, CEO, tel. +358 (0)10 402 00
Eero Kinnunen, CFO, tel. +358 (0)10 402 4025
***************
Invitation to a briefing
A briefing (in Finnish) for analysts and media representatives will be held
today at 10.00 a.m. in Hotel Scandic Simonkenttä (address: Simonkatu 9,
Helsinki). In the briefing Apetit Plc’s CEO Juha Vanhainen presents the January
- June results of Apetit Plc and gives information about other current issues.
Apetit Plc’s CFO Eero Kinnunen and forthcoming Director of the Food Business
Anu Ora (as of 17 August, 2015) will also be present in the briefing.
The presentation material will be available on the company’s website at
http://www.apetitgroup.fi/en/ after the event.
Apetit Plc, changes to Board of Directors/management/auditing 7 August 2015, 09.00 a.m.
Apetit Plc, changes to Board of Directors/management/auditing 7 August 2015,
09.00 a.m.
Anu Ora (M.Sc., Economics and Business Administration, born 1973) has been
appointed Director of the Apetit Group’s Food Business and a member of the
Group’s Corporate Management as of 17 August 2015. She will report directly to
Juha Vanhainen, Group CEO.
Anu Ora is currently Vice President, Commercial, at Suomen Lähikauppa Oy.
Previously, she worked in the same company in various management positions in
category management, marketing and purchasing in 2010–2012, and in 1997–2010 in
several management and consultant positions at Boston Consulting Group, the
last being as Principal at its Helsinki office.
Group CEO Juha Vanhainen: “We are strengthening the competitiveness of our Food
Business and enhancing its customer and consumer orientation in a changing
operating environment. We are very pleased to have a professional like Anu Ora
join the Apetit team. She has strong credentials from the Finnish retail trade,
especially in managing supply chains, and extensive experience in strategic
business development in international environments.”
The Apetit Group Corporate Management comprises Juha Vanhainen, CEO, Johanna
Heikkilä, Human Resources Director, Eero Kinnunen, Chief Financial Officer, Anu
Ora, Director of the Food Business, Asmo Ritala, Corporate Counsel, and Kaija
Viljanen, Director of the Grains and Oilseeds Business.
Anu Ora will be present at the Apetit Group Interim Report news briefing for
media and analysts on 12 August 2015. The invitation to the briefing was
published as a stock exchange release on 5 August 2015, and this is available
on the website at www.apetitgroup.fi.
Apetit Plc
Juha Vanhainen
CEO
Further information:
Juha Vanhainen, CEO, Apetit Plc, tel. + 358 10 402 00
Anu Ora, Director, Food Business (as of 17 August 2015), Apetit Plc, tel. +358
40 164 6267
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit - Delicious wellbeing. Apetit is a Finnish food company whose mission is
to offer delightfully satisfying flavours and service experiences. Our product
groups cover frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fruit and vegetable products, and grains and vegetable
oils. The company's shares are listed on NASDAQ OMX Helsinki Ltd. In 2014, the
company’s net sales were EUR 385 million and it employed an average of 723
people. www.apetitgroup.fi
Apetit Plc, Stock Exchance Release on August 5th, 2015 at 9:30 a.m. EET
Apetit Plc will publish its Interim Report for January-June 2015 on Wednesday
12th 2015 at 8:30 a.m. Finnish time.
Apetit Plc, Stock Exchance Release on August 5th, 2015 at 9:30 a.m. EET
A briefing (in Finnish) for analysts and media will be held on the same day at
10:00 a.m. in Hotel Scandic Simonkenttä, meeting room Espa, (address: Simonkatu
9, Helsinki). The presentation material will be also published on company web
pages at www.apetitgroup.fi/en after the event.
In the briefing Apetit Plc’s CEO Juha Vanhainen presents the second quarter
results of Apetit and gives more information about other actual matters.
Please inform of your participation to Ms Maija Lipasti, tel. +358 10 402 4044
or e-mail
Apetit Plc
Juha Vanhainen
CEO
For more information, please contact:
Mikko Merisaari, Manager, Communications and IR, tel. +358 10 402 4041
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi/en
Apetit Plc, Stock Exchange Release, 26 June 2015 at 12.45 p.m.
Apetit Plc, Stock Exchange Release, 26 June 2015 at 12.45 p.m.
Apetit Plc has agreed upon the reorganisation of its long-term credit
facilities. The new binding and collateral-free credit facilities totalling EUR
40 million and intended for working capital financing will replace the current
credit facility agreements worth EUR 25 million in total. The maturity of the
credit facilities has been spread out to the years 2018 and 2020. The current
EUR 50 million commercial paper programme will continue unchanged.
In addition to these, Apetit Plc has agreed upon a EUR 5 million investment
loan that will mature in 2022.
The counterparties of the financing agreements are Pohjola Bank and Nordea.
Apetit Plc
Eero Kinnunen
Chief Financial Officer
Further information:
Eero Kinnunen, CFO, Apetit Plc, tel. +358 (0)10 402 4025
Copies to:
NASDAQ OMX Helsinki
Main media
www.apetitgroup.fi
Apetit - Delicious wellbeing. Apetit is a Finnish food company whose mission is
to offer delightfully satisfying flavours and service experiences. Our product
groups cover frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fruit and vegetable products, and grains and vegetable
oils. The company’s shares are listed on NASDAQ OMX Helsinki Ltd. In 2014, the
company’s net sales were EUR 385 million and it employed an average of 723
people. www.apetitgroup.fi
Apetit Plc, Changes in company's own shares, June 2, 2015 at 9:30 a.m.
Apetit Plc, Changes in company's own shares, June 2, 2015 at 9:30 a.m.
Apetit Plc has assigned a total of 1 295 shares (APETI) on June 2, 2015 (other
conveyance) as a reward to the Chairman, Deputy Chairman and members of the
Board. The assignment value is EUR 17 659,14 in total, which corresponds
approximately to EUR 13.64 per share. Taking into account the above-specified
conveyances, the company holds a total of 124 992 shares.
Apetit Plc’s Supervisory Board decided in April 16, 2015, that the Board
members will be paid an annual remuneration of EUR 19,560 and that the Chairman
and Deputy Chairman will receive an annual remuneration of EUR 39,060 and EUR
24,120, respectively. A total of 50 per cent of the annual remuneration will be
in cash and the remaining 50 per cent in the form of Apetit Plc's shares held
by the company at the current value of the share at the time of transfer. The
remuneration was decided to be paid in four equal value share and cash payments
in June, September, December and March.
Apetit Plc
Mikko Merisaari
Manager, Communications and IR
For more information, please contact:
Corporate Councel Asmo Ritala, tel, +358 10 402 4005
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 6 May 2015 at 4:15 p.m.
Apetit Plc, Stock Exchange Release, 6 May 2015 at 4:15 p.m.
Finalizing the transaction announced on 9 April 2015, Apetit Plc, Apetit Kala
Oy and the principal owners of Taimen Oy have today completed the rescinding of
the cross-shareholding between Apetit Kala Oy and Taimen Oy. The deal is
carried out in the form of a change in holdings, without any cash compensation.
Under the agreement, Taimen’s 30 per cent holding in Apetit Kala is terminated
and Apetit Kala’s 30 per cent holding in Taimen is reduced to 23.7 per cent.
On 29 April 2015, Apetit issued a stock exchange release on Finnish Competition
and Consumer Authority (FCCA) approval of the transaction. Completing the
transaction will result in an income of EUR 0.7 million recognised in the
second quarter.
Apetit Plc
Juha Vanhainen
CEO
For more information:
Eero Kinnunen, CFO, Apetit Plc, tel. +358 10 402 4025
Distribution:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Delicious wellbeing. Apetit Plc is a Finnish food company whose mission is to
offer delightfully satisfying flavours and service experiences. We are well
known for our frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fresh fruit and vegetable products and grains and
vegetable oils. The Group’s shares are quoted in Nasdaq Helsinki. In 2014 our
net sales was EUR 385 million and our average number of personnel was 723.
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 5 May 2015 at 8:35 a.m.
Apetit Plc, Stock Exchange Release, 5 May 2015 at 8:35 a.m.
Avena Nordic Grain Oy, part of the Apetit Group, is to invest EUR 1.3 million
in the expansion of Mildola’s vegetable oil packaging plant in Kirkkonummi. The
expansion will allow further growth in the sales of packaged vegetable oil
products and will enable the range of these products to be broadened. The
higher total capacity at the packaging plant will also improve the utilisation
rate of both the production process and the oil milling plant, and thus the
overall efficiency of operations.
Opened at Kirkkonummi in the second half of 2011, the vegetable oil packaging
plant has exceeded the volume targets set for it and has resulted in
considerable sales growth for packaged vegetable oil products and boosted the
oil milling plant’s utilisation rate.
“Apetit has the potential to become a more important producer of packaged and
bulk vegetable oil products in the Baltic region. Our aim is to develop new
vegetable oil products with greater value added and, as Finland’s largest
vegetable oil milling company, to develop the market for purely Finnish
rapeseed oil,” says Apetit Plc’s CEO, Juha Vanhainen.
The construction work will begin in the second half of 2015, and inauguration
of the expanded section of the packaging plant is scheduled for spring 2016.
Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi
Delicious wellbeing. Apetit Plc is a Finnish food company whose mission is to
offer delightfully satisfying flavours and service experiences. We are well
known for our frozen vegetables and frozen ready meals, fresh fish and fish
products, ready-to-use fresh fruit and vegetable products and grains and
vegetable oils. The Group’s shares are quoted in Nasdaq Helsinki. In 2014 our
net sales was EUR 385 million and our average number of personnel was 723.
www.apetitgroup.fi
Avena Nordic Grain Oy is Finland’s leading trader in grains, oilseeds and
animal feedstuffs, and is a manufacturer and supplier of vegetable oils and
expeller. Avena’s main market is the European Union, but it also trades in many
other markets. Avena is especially active in its home market, Finland. The
company’s principal location is Espoo, but it also operates in other parts of
Finland: Vaasa, Pori, Salo, Kirkkonummi, Loimaa, Hämeenlinna, Kouvola and
Porvoo. Its oil milling plant, Mildola Oy, is located in Kirkkonummi.
