Apetit Plc, Stock Exchange Release, 7 August 2014 at 11:00
Apetit will publish its Interim Report for January – June 2014 on Thursday, 14
August 2014 at 8.30 a.m.(EET).
Apetit Plc, Stock Exchange Release, 7 August 2014 at 11:00
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).
In the briefing Apetit Plc’s CEO Veijo Meriläinen 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
The January – June Interim Report will be published on Company web pages at
www.apetitgroup.fi/en and the presentation material of the briefing after the
event.
Apetit Plc
Veijo Meriläinen
CEO
For more information, please contact
Manager, Communications and IR, Mikko Merisaari, tel. +358 10 402 4041
Copies to
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 3 June 2014 at 11.15 a.m.
Apetit Plc, Stock Exchange Release, 3 June 2014 at 11.15 a.m.
Apetit Plc’s Supervisory Board decided in April, 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 will be paid in four equal value share and cash payments in
June,September, December and March.
Apetit Plc has assigned a total of 797 shares (APETI) on June 3, 2014 (other
conveyance) as a reward to the Chairman and members of the Board. The
assignment value is EUR 14,645.27 in total, which corresponds approximately to
EUR 18.38 per share. The Deputy Chairman will not be paid remuneration for
Board duties while serving as the company’s CEO. Taking into account the
above-specified conveyances, the company holds a total of 129,203 shares
(APETI).
Apetit Plc, Interim Report,13 May 2014 at 08.30 am
Apetit Plc, Interim Report,13 May 2014 at 08.30 am
This is a summary of the Interim Report January - March 2014. 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.
FIRST QUARTER (JANUARY-MARCH)
-- Consolidated net sales in the first quarter amounted to EUR 88.9 (100.0)
million, down 11 per cent on the same quarter in 2013.
-- Operating profit excluding non-recurring items came to EUR -0.2 (1.3)
million, and the reported operating profit was EUR -0.7 (1.2) million.
-- Profit for the period was EUR -1.2 (0.7) million, and earnings per share
amounted to EUR ‑0.14 (0.16).
-- The company’s estimate of its full-year profit performance for 2014 has
been updated.
The information in this Interim Report has not been audited. The figures in
parentheses are the equivalent figures for the same period in 2013 and the
comparison period means the corresponding quarter of the previous year, unless
stated otherwise.
Veijo Meriläinen, CEO:
"Net sales and the operating profit excluding non-recurring items for the first
quarter were down on the previous year’s figures. The operating profit
excluding non-recurring items was unsatisfactory, with a year-on-year decline.
In the Grains and Oilseeds Business there was an improvement in profitability
as a result of our focused efforts on oilseed product raw material purchasing,
highly refined vegetable oils and our Finnish vegetable oil products. In Food
Business, the profitability of our fish product group and fresh product group
in Finland was poor and suffered from a year-on-year decrease in sales. The
result for the associated company Sucros, which is part of Other Operations,
was adversely affected by the declining market price of sugar and by the
exceptionally large post adjustment items for transfer prices in the period.
During the first quarter we launched profitability improvement programmes in
fish product group and fresh product group, and took the decision to introduce
one-off savings measures in Finland in 2014 in the form of temporary lay-offs
of white-collar personnel and other savings in overheads.
Our chosen strategic goals will support Apetit’s success in the current market
conditions too. The goal in the Food Business is to achieve a significant
improvement in profitability, strengthen the Apetit brand and significantly
increase its share of the food eaten by Finnish consumers. In the Food Business
we aim to ensure that the Apetit brand is the preferred food solution for
consumers who value wellbeing.In the Grains and Oilseeds Business, we want to
lead the way in grain trading in the Baltic region and to be an innovator in
edible oils."
KEY FIGURES
EUR million Q1/ Q1/ Change 2013
2014 2013
----------------------------------------------------------------------------
Net sales 88.9 100.0 -11% 387.3
Operating profit, excluding non-recurring items -0.2 1.3 12.2
Operating profit -0.7 1.2 9.4
Profit before taxes -1.0 0.7 9.3
Profit for the period -1.2 0.7 9.3
Earnings per share, EUR -0.14 0.16 1.63
Shareholders' equity per share, EUR 21.77 21.60 22.90
Equity Ratio, % 69.5 63.3 70.3
----------------------------------------------------------------------------
OUTLOOK FOR 2014
The Apetit Group is aiming to achieve organic growth in its Food Business and
Grains and Oilseeds Business. The Group’s net sales will be affected
particularly by the level of activity in the grain and oilseed markets and by
changes in the price level of grains and oilseeds. Net sales for the first half
of 2014 are expected to be lower than in the previous year as a result of lower
market prices for grains.
The company’s estimate of its full-year profit performance for 2014 has been
updated. On 25 February 2014, Apetit stated in its financial statements
bulletin that the Group’s full-year operating profit excluding non-recurring
items is not expected to exceed the previous year’s level. The company’s new
assessment is that the Group’s full-year operating profit excluding
non-recurring items is expected to fall short of the previous year’s level.
In the Other Operations segment, lower market prices for sugar are expected to
weaken the result for the associated company Sucros. In the Food Business and
the Grains and Oilseeds Business, the company is seeking an improvement in
profitability from the figures for 2013. The second half of the year is
expected to be more significant in terms of the total result than in 2013. The
operating profit before non-recurring items for the first half of the year is
expected to be lower than in the previous year.
In addition, the outcome of the shareholder agreement dispute concerning Sucros
may have a significant effect on the result for 2014. The decision is expected
to be issued during 2014.
PUBLICATION DATES FOR FINANCIAL REPORTS
Interim reports for 2014 will be published as follows: January - June on 14
August at 8.30 am, and January - September on 6 November at 8.30 am.
FURTHER INFORMATION
Veijo Meriläinen, CEO, tel. +358 (0)10 402 00
***************
INVITATION TO 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 Veijo Meriläinen presents the
January - March results of Apetit Plc and gives more information about current
issues.
The presentation material will be available on the company’s website at
http://www.apetitgroup.fi/en/ after the event.
COPIES TO
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 6 May 2014 at 9.30
Apetit will publish its Interim Report for January – March 2014 on Tuesday, 13
May 2014 at 8.30 a.m.(EET).
Apetit Plc, Stock Exchange Release, 6 May 2014 at 9.30
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).
In the briefing Apetit Plc’s CEO Veijo Meriläinen presents the first 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
The January – March Interim Report will be published on Company web pages at
www.apetitgroup.fi/en and the presentation material of the briefing after the
event.
Apetit Plc
Veijo Meriläinen
CEO
For more information, please contact
Manager, Communications and IR, Mikko Merisaari, tel. +358 10 402 4041
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 29 April 2014 at 9.30 a.m.
Apetit Plc’s Board of Directors has on this date relieved CEO Matti Karppinen
of his duties. Having served the Apetit Group since September 2005, Karppinen
will leave his position today, 29 April 2014.
Apetit Plc, Stock Exchange Release, 29 April 2014 at 9.30 a.m.
The Chairman of the Board of Directors, Aappo Kontu: “The Board sees that
success in the on-going restructuring of Apetit business model and
organization, as well the solving the profitability challenges in certain Food
Business product categories call for a new kind of leadership. Therefore, we
have decided to relieve Matti Karppinen of his duties and initiate the search
for a new CEO.
We thank Matti Karppinen for his long-term contribution and commitment to
Apetit Group and the development of it’s businesses in many areas.”
The Deputy Chairman of the Board of Directors M.Sc.(Agric.), eMBA Veijo
Meriläinen will act as interim CEO of Apetit Group until a successor has been
appointed.
APETIT PLC
Board of Directors
Additional Information:
Chairman of the Board, Aappo Kontu, tel. +358 44 4252 210
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 11 April 2014 at 4.30 p.m.
At its meeting today, Apetit Plc’s Supervisory Board elected Harri Eela as its
Chairman and Marja-Liisa Mikola-Luoto as the Deputy Chairman.
Apetit Plc, Stock Exchange Release, 11 April 2014 at 4.30 p.m.
The Supervisory Board decided to elect 6 members to Apetit Plc's Board of
Directors. Esa Härmälä, Aappo Kontu, Tuomo Lähdesmäki, Veijo Meriläinen, Samu
Pere and Helena Walldén were elected as the members of the Board of Directors.
Aappo Kontu was appointed as the Chairman and Veijo Meriläinen as the Deputy
Chairman of the Board of Directors.
It was decided 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 will be paid in four equal
payments in euros in June, September, December and March. It was also decided
that the Chairman and members of the Board of Directors will be paid a meeting
allowance of EUR 510 and EUR 300, respectively.
APETIT PLC
Matti Karppinen
CEO
Further information:
Matti Karppinen, CEO, tel. +358 10 402 00
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
APETIT PLC, Stock Exchange Release, 26 March 2014 at 4.30 p.m.
APETIT PLC, Stock Exchange Release, 26 March 2014 at 4.30 p.m.
The Annual General Meeting on 26 March 2014 approved the parent company's and
consolidated financial statements for the financial year 1 January - 31
December 2013 and discharged the members of the Supervisory Board and the Board
of Directors and the CEO from liability. The Annual General Meeting decided to
distribute a dividend of EUR 1.00 per share in accordance with the Board
proposal. The Board of Directors' proposals were approved without changes.
DIVIDEND
The Annual General Meeting decided to distribute as dividend EUR 1.00 per share
on the financial year 2013. The dividend will be paid on 7 April 2014 to
shareholders registered on the company´s register of shareholders kept by
Euroclear Finland Ltd on the record date 31 March 2014. No dividend will be
paid on shares held by the company.
ELECTION OF THE MEMBERS OF THE SUPERVISORY BOARD, THE MEMBERS OF THE
SUPERVISORY BOARD'S NOMINATION COMMITTEE AND THE AUDITORS, AND REMUNERATION
The Annual General Meeting confirmed that the Supervisory Board will have 18
members elected by the Annual General Meeting. Five persons were appointed to
replace members of the Supervisory Board completing their term. Jaakko
Halkilahti, Mika Leikkonen, Marja-Liisa Mikola-Luoto ja Mauno Ylinen were
re-elected. Petri Rakkolainen was elected as new member.
Heikki Laurinen and Martti Timgren were elected as the members of the
Supervisory Board's Nomination Committee.
Hannu Pellinen, APA, and PricewaterCoopers Oy Authorised Public Accountants
with Pasi Karppinen, APA, as responsible auditor, were elected as auditors.
The Annual General Meeting decided that the monthly fee paid to the Supervisory
Board’s chairman is EUR 1,000, and to the deputy chairman EUR 665. The meeting
allowance paid to the members of the Supervisory Board and the members of the
Supervisory Board´s Nomination Committee is EUR 300. In addition, compensation
for travelling expenses are paid in accordance with the general travel rules of
Apetit Plc. The auditors’ fees are paid according to an invoice approved by the
company.
The minutes of the Annual General Meeting will be available on the company’s
website, www.apetitgroup.fi/en, as of 9 April 2014.
APETIT PLC
Matti Karppinen
CEO
Further information:
Matti Karppinen, CEO, tel. + 358 10 402 00
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Apetit Plc, Stock Exchange Release, 5 March 2014 at 9.15 a.m.
Apetit Plc, Stock Exchange Release, 5 March 2014 at 9.15 a.m.
Apetit Plc’s Annual Report 2013 is published today. The Annual Report contains
the Board of Directors’ report, the parent company financial statements and
consolidated financial statements, the auditor’s report, the statement by the
Supervisory Board and Apetit Plc’s Corporate Governance Statement 2013.
The Annual Report and the Corporate Governance Statement can be read on the
company’s website at www.apetitgroup.fi/en/investors.
The Annual Report (in Finnish) will be mailed during the week beginning 17
March, to those who have ordered it via company’s website
www.apetitgroup.fi/en/.
APETIT PLC
Mikko Merisaari
Manager, Communications and IR
Further information: Mr Mikko Merisaari, tel. +358 10 402 4041
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Apetit Plc, Invitation to the annual general meeting, 4th March, 2014 at 2.00 pm
Annual General Meeting to be held on 26th March 2014 at 2.00 p.m.
Apetit Plc, Invitation to the annual general meeting, 4th March, 2014 at 2.00 pm
The company’s shareholders are hereby invited to the Annual General Meeting,
which will be held on Wednesday 26th March 2014 at 2.00 p.m. in Apetit Plc’s
‘Myllynkivi’ staff restaurant at Iso-Vimma, Säkylä. Reception of those who have
registered for the meeting and the distribution of voting tickets will commence
at 12.00 noon.
A. The following items will be dealt with at the meeting:
1. Opening of the meeting
2. Election of chairman for the meeting
3. Election of secretary for the meeting
4. Declaring the meeting legal and quorate
5. Appointment of persons to inspect the minutes and to count the votes
6. Order of business and addressing the meeting
7. Declaring attendance and the voting list
8. Presentation of the financial statements for 2013
9. Presentation of the auditor’s report
10. Presentation of the Supervisory Board’s statement based on the financial
statements, Board of Directors’ report and auditor’s report
11. Adoption of the financial statements and consolidated financial statements
12. Distribution of the profits shown on the balance sheet and resolution on
the payment of dividends
The Board of Directors proposes that a dividend of EUR 1.00 per share be paid
for the financial year 2013 on the basis of the adopted balance sheet. The
dividend will be paid to shareholders who are registered in the company’s
shareholder register kept by Euroclear Finland Ltd on 31st March 2014, which is
the record date for the dividend payment. The Board of Directors will propose
to the Annual General Meeting that the dividend be paid on 7th April 2014.
13. Resolution on discharging the members of the Supervisory Board and of the
Board of Directors and the CEO from liability
14. Resolution on the number of members of the Supervisory Board and their
remuneration
15. Election of the members of the Supervisory Board
16. Appointment of two members to the Supervisory Board’s Nomination Committee
17. Resolution on the number of auditors and their remuneration
The Board of Directors proposes that two regular auditors be appointed for the
company. The Board of Directors also proposes that the auditors’ fee be paid in
accordance with the auditing invoice approved by the company.
18. Appointment of auditors
The Board of Directors proposes that the company’s present auditor, Mr Hannu
Pellinen, APA, and PricewaterhouseCoopers Oy Authorised Public Accountants,
with Mr Pasi Karppinen, APA, as the auditor with principal responsibility, be
appointed as auditors for the period up to the end of the next Annual General
Meeting.
19. Closing of the meeting
B. Documents of the General Meeting
The proposed resolutions of the Board of Directors and the invitation to the
meeting are available on Apetit’s website at www.apetitgroup.fi/en. The
company’s financial statements will be available on the above-mentioned website
as of 5th March 2014 at the latest. Copies of these documents will be sent to
shareholders upon request and they will also be available at the Annual General
Meeting. The minutes of the Annual General Meeting will be available on the
above-mentioned website as of 9th April 2014.
C. Instructions for persons attending the Annual General Meeting
Right to attend and registration
Shareholders who, on 14th March 2014, are registered in the company’s register
of shareholders kept by Euroclear Finland Ltd shall have the right to attend
the Annual General Meeting.
Shareholders wishing to attend the Annual General Meeting must notify the
company of this no later than 4.00 p.m. on Friday 21st March 2014 either
through our website (www.apetitgroup.fi/en/investors), in writing (Apetit Plc,
Maija Lipasti, PO Box 100, FI-27801 Säkylä, Finland), by fax (+358 10 402
4023), by phone (+358 10 402 4044/Maija Lipasti) or by e-mail
(). If notice is given by letter, this must arrive
before the expiry of the notification period. Any proxy documents should be
delivered to the above-mentioned address before the expiry of the notification
period.
Pursuant to chapter 5, section 25 of the Limited Liability Companies Act,
shareholders who are present at the Annual General Meeting have the right to
request information on matters considered at the meeting.
Proxies and proxy documents
Shareholders may participate in and exercise their rights at the Annual General
Meeting by means of proxy representation. A shareholder’s proxy must produce a
dated proxy document or must otherwise demonstrate reliably his/her right to
represent the shareholder at the Annual General Meeting. If a shareholder
participates in the meeting by means of several proxies representing the
shareholder with shares in different book-entry accounts, the shares with which
each proxy represents the shareholder must be notified in connection with the
registration for the Annual General Meeting.
Any proxy documents should be delivered as originals to Apetit Plc no later
than the expiry of the notification period at 4.00 p.m. on 21st March 2014.
Holders of nominee registered shares
Holders of nominee registered shares are advised to request in good time from
their asset manager the necessary instructions regarding registration in the
company’s shareholder register, the provision of proxy documents and
registration for the Annual General Meeting.
If a holder of nominee registered shares wishes to attend the Annual General
Meeting, he or she must be registered for temporary entry in the company’s
shareholder register by the asset manager’s account management organisation no
later than 10.00 a.m. on 21st March 2014.
Other instructions and information
On the date of this notice, Apetit Plc’s total number of shares and votes is
6,317,576.
The company’s Annual Report will be published in the week beginning 3rd March
2014 in Finnish and English on Apetit Plc’s website. The English version is a
translation of the Finnish.
Säkylä, 4th March 2014
APETIT PLC
Board of Directors
Distribution:
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www.apetitgroup.fi
Apetit Plc, Stock Exchange Release, 28 February 2014 at 9.15 am
I DIVIDEND
Apetit Plc, Stock Exchange Release, 28 February 2014 at 9.15 am
The Board of Directors proposes to the Annual General Meeting that a dividend
of EUR 1.00 per share be paid on the financial year 2013.
II ELECTION OF THE AUDITOR AND FEES
The Board of Directors proposes that the auditor's fee be reimbursed according
to invoice approved by the company.
The Board of Directors proposes that Mr Hannu Pellinen, APA, and
PricewaterhouseCoopers Oy Authorized Public Accountants with Mr Pasi Karppinen,
APA, as responsible auditor, be elected as the auditors to the close of the
following Annual General Meeting.
Apetit Plc
Board of Directors
For more information:
CEO Matti Karppinen, tel. +358 10 402 00
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Apetit Plc Financial Statements Bulletin 2013, February 25th, 2014 at 8.30 a.m.
This is a summary of the Financial Statements Bulletin for 2013. Complete
Financial Statements Bulletin for 2013 is attached to this release and can be
downloaded from the company’s website at www.apetitgroup.fi/en
Apetit Plc Financial Statements Bulletin 2013, February 25th, 2014 at 8.30 a.m.
FOURTH QUARTER (OCTOBER–DECEMBER):
-- Consolidated net sales were EUR 97.3 (115.0) million, representing a
decrease of 15% from 2012.
-- The operating profit before non-recurring items was EUR 5.4 (5.1) million.
The reported operating profit was EUR 5.1 (5.1) million.
-- The result for the period was EUR 4.4 (4.0) million, and earnings per share
were EUR 0.72 (0.64).
FINANCIAL YEAR (JANUARY–DECEMBER):
-- Consolidated net sales for 2013 were EUR 387.3 (378.2) million,
representing an increase of 2% from 2012.
-- The operating profit before non-recurring items was EUR 12.2 (8.8) million.
The reported operating profit was EUR 9.4 (8.5) million.
-- The result for the period was EUR 9.3 (6.7) million, and earnings per share
amounted to EUR 1.63 (1.07).
The Board of Directors will propose to the Annual General Meeting that a
dividend of EUR 1.00 (0.90) per share be paid for the financial year 2013.
The information in this bulletin is unaudited. The figures in parentheses refer
to the corresponding period in 2012, unless otherwise stated.
Matti Karppinen, CEO:
In a challenging economic situation, the Apetit Group’s net sales and operating
profit before non-recurring items increased in 2013 from the previous year. The
company’s good performance was reflected in earnings per share, which increased
to EUR 1.63 (1.07). In the fourth quarter, the operating profit before
non-recurring items increased year-on-year, but net sales decreased, mainly
because of low market prices in international grain trading. In
October–December, profitability was supported by successes in frozen vegetables
and frozen ready meals, and the fish product group in Norway and Sweden, as
well as the favourable performance of the Other Operations segment. Our
profitability continued to be unsatisfactory in the fish product group and
professional food service sector sales in Finland, and we launched new
restructuring measures to improve profitability in the second half of the year.
The year 2013 marked a significant period of reforms for us. In May, we changed
the name of the Group from Lännen Tehtaat to Apetit Plc in line with our strong
consumer brand. In addition, we launched a reorganisation project to combine
our frozen foods and seafood consumer businesses and our fresh product business
for the professional food service sector to create the new Food Business
segment. With the new strategy in Food Business, we aim to make Apetit the
first choice for a food solution that offers delicious well-being to consumers
and the preferred partner for our customers in the retail and professional food
service sectors. We are very enthusiastic about our new Food Business strategy
and operating method. We believe that the change will offer us opportunities to
improve our profitability while creating favourable conditions for growth.
KEY FIGURES
EUR million 10-12/ 10-12/ Change 2013 2012 Change
2013 2012
--------------------------------------------------------------------------------
Net sales 97.3 115.0 -15.4% 387.3 378.2 +2.4%
Operating profit before 5.4 5.1 12.2 8.8
non-recurring items
Operating profit 5.1 5.1 9.4 8.5
Profit before taxes 4.5 4.6 9.3 7.5
Profit for the period 4.4 4.0 9.3 6.7
Earnings per share, EUR 0.72 0.64 1.63 1.07
Shareholders’ equity per share, 22.90 22.37
EUR
Equity Ratio, % 70.3 60.6
--------------------------------------------------------------------------------
OUTLOOK FOR 2014
The Apetit Group seeks organic growth in its Food Business and Grains and
Oilseeds business. Net sales will be affected particularly by the level of
activity in the grain and oilseed markets and by changes in the price levels.
Net sales for the first half of 2014 are expected to be lower than in the
previous year as a result of lower market prices for grains.
The Group’s full-year operating profit before non-recurring items is not
expected to exceed the previous year’s level. In the Other Operations segment,
lower market prices for sugar are expected to weaken the result of the
associated company Sucros. In Food Business and the Grains and Oilseeds
business, the company seeks to improve profitability from 2013. The second half
of the year is expected to be more significant in terms of the total result
than in 2013. The operating profit before non-recurring items for the first
half of the year is expected to be lower than in the previous year.
In addition, the outcome of the shareholder agreement dispute concerning Sucros
may have a significant effect on the result for 2014. The decision is expected
to be issued during 2014.
BOARD OF DIRECTORS’ DIVIDEND PROPOSAL
The parent company’s distributable funds stood at EUR 85,992,177.66 on 31
December 2013, of which EUR 3,021,437.67 is profit for the financial year.
The Board of Directors will propose that a dividend of EUR 1.00 per share be
paid for 2013. The Board will propose that a total of EUR 6,187,576.00 be
distributed in dividends and that EUR 79,804,601.66 be left in equity. The
proposed dividend is 61.3% of the earnings per share.
No dividend will be paid on shares held by the company.
ANNUAL GENERAL MEETING 2014
The Annual General Meeting is planned for 26 March 2014 and will be held in
Säkylä.
FINANCIAL REPORTING IN 2014
Apetit Plc’s Annual Report for 2013 – including the Board of Directors’ report,
financial statements for 2013 and a separate statement on Apetit Plc’s
corporate governance – will be published in the week beginning on 3 March 2014
at www.apetitgroup.fi/investors.
Apetit Plc will publish the following financial reports in 2014:
-- Interim Report January-March, Tuesday 13 May 2014 at 8:30
-- Interim Report January-June, Thursday 14 August 2014 at 8:30
-- Interim Report January-September, Thursday 6 November 2014 at 8:30
ADDITIONAL INFORMATION
Eero Kinnunen, CFO, tel. +358 (0)10 402 00
*************
INVITATION TO A BRIEFING
A briefing (in Finnish) for analysts and media representatives will be held
today on February 25th 2014, at 10.00-11.00 a.m. in Hotel Scandic Simonkenttä,
meeting room Espa, (address: Simonkatu 9, Helsinki).In the briefing, Apetit’s
CFO Eero Kinnunen presents the result of Apetit for the year 2013 and tells
about the recent development of the company.
The briefing material will be available on company web pages at
www.apetitgroup.fi/en on February 25th, after 8:30 a.m. and the presentation
material after the briefing.
COPIES TO
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Apetit Plc, Stock Exchance Release on February 18th, 2014 at 9:00 a:m EET
Apetit Plc will publish its Financial Statements Bulletin 2013 on Tuesday, 25th
February 2014 at 8:30 a.m. Finnish time.
Apetit Plc, Stock Exchance Release on February 18th, 2014 at 9:00 a:m EET
A briefing (in Finnish) for analysts and media representatives will be held at
10:00-11:00 a.m. in Hotel Scandic Simonkenttä, meeting room Espa, (address:
Simonkatu 9, Helsinki).
In the briefing, Apetit’s CEO Matti Karppinen presents the result of Apetit for
the year 2013 and tells about the recent development of the company.
Please inform of your participation latest on 21st February 2014 to Ms Maija
Lipasti, tel. +358 10 402 4044 or e-mail
The Financial Statements Bulletin 2013 can be found on company web pages at
www.apetitgroup.fi/enon February 25th, after 8:30 a.m. and the presentation
material after the briefing.
APETIT OYJ
Matti Karppinen
CEO
Further Information:
Mikko Merisaari, Manager, Communications and IR tel. +358 10 402 4041
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
Apetit Plc Stock exchange release, 30 January 2014, at 2pm
Apetit Plc Stock exchange release, 30 January 2014, at 2pm
Comparison figures according to the new segment structure
On 18 December 2013, Apetit Plc announced that it would be making changes to
its business structure and the segment reporting. From now on, the Apetit
Group’s business areas and reporting segments are: the Food Business, the
Grains and Oilseeds Business and Other Operations.
The tables enclosed present comparison figures for the segments according to
the new reporting structure, by quarter for 2012 and until the third quarter
for 2013. The data are unaudited. The new segment structure in reporting will
be adopted in the financial statements bulletin published on 25 February 2014.
Apetit Plc
Eero Kinnunen
Chief Financial Officer
Further information:
Eero Kinnunen, CFO, tel. +358 (0)10 402 00,
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Tables: Net sales, operating profit excluding non-recurring items, operating
profit and other key figures according to the new segment structure in 2012 and
Q1-Q3/2013.
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 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
APETIT Plc, Stock Exchange Release, 18 December 2013
Apetit Plc will publish the following financial reports in 2014:
APETIT Plc, Stock Exchange Release, 18 December 2013
-- Financial Statements Bulletin 2013, Tuesday 25 February 2014 at 8:30
-- Annual Report 2013, Week 11, 2014
-- Interim Report January-March, Tuesday 13 May 2014 at 8:30
-- Interim Report January-June, Thursday 14 August 2014 at 8:30
-- Interim Report January-September, Thursday 6 November 2014 at 8:30
Apetit Plc will hold its Annual General Meeting on Wednesday 26 March 2014. 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 are available 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 OMX Helsinki Ltd
Main media
www.apetitgroup.fi/en
