Apetit Plc Interim Report 6 November 2013 at 08.30 am
Apetit Plc Interim Report 6 November 2013 at 08.30 am
This is a summary of the Interim Report January - September 2013. 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 amounted to EUR 91.6 (92.7) million, down by about 1
per cent.
-- Operating profit, excluding non-recurring items, was EUR 3.1 (3.9) million;
reported operating profit was EUR 1.0 (3.8) million.
-- The non-recurring items included in the reported operating profit were EUR
-2.1 (-0.1) million, including a EUR -2.0 million impairment with no cash
flow implications carried out in the Finnish Seafood business on the basis
of goodwill impairment testing.
-- Financial income includes a EUR 2.2 million reduction, with no cash flow
implications, of the debt related to the redemption obligation in Apetit
Kala’s minority holding.
-- The profit for the period was EUR 2.5 (3.3) million, and earnings per share
came to EUR 0.48 (0.52).
January-September:
-- Consolidated net sales amounted to EUR 290.0 (263.2) million, up by about
10 per cent.
-- Operating profit, excluding non-recurring items, was EUR 6.8 (3.7) million;
reported operating profit was EUR 4.3 (3.4) million.
-- The non-recurring items included in the reported operating profit were EUR
‑2.5 (-0.3) million.
-- The profit for the period was EUR 4.9 (2.7) million, and earnings per share
amounted to EUR 0.91 (0.43).
The outlook for the year 2013 is unchanged.
The information in this Interim Report has not been audited. The figures in
parentheses are the equivalent figures for the same period in 2012, unless
stated otherwise.
Matti Karppinen, CEO:
“The Group’s third-quarter operating profit, excluding non-recurring items,
performed as expected and was lower than it was in the corresponding period of
2012. Net sales were about the same as the previous year. The January-September
operating profit, excluding non-recurring items, showed a year-on-year
improvement, especially due to the good result posted by Frozen Foods and the
Other Operations segment. Despite the expected sales growth, the third-quarter
operating profit, excluding non-recurring items, for the Seafood business was
weak, and we will continue to implement efficiency improving measures. We
updated our outlook regarding the future cash flow of the Finnish Seafood
business based on the revitalising measures and objectives prepared for the
strategy period, and we carried out a EUR 2.0 million impairment during the
period on the basis of goodwill impairment testing.
“Consumers value domestic food, and this is reflected in purchasing behaviour.
In Frozen Foods, sales of the Apetit Kotimainen range continued to grow, and
increased 9 per cent from the beginning of the year compared with the previous
year. Seafood products have been complemented by new products from the Apetit
Kotimainen range.
“We have made progress in the restructuring project, which looks at combining
into an integrated entity the company’s present Finnish-based consumer
businesses. By revising the structure and operating procedures of the consumer
businesses, the aim is to further boost Apetit’s standing among consumers in
selected product groups as their preferred, healthy and responsible domestic
food solution and to be the preferred partner for our customers in the retail
and professional food service sectors. The restructuring project aims at
boosting growth and enhancing profitability.”
Net sales 91.6 92.7 - 1% 290.0 263.2 + 10 % 378.2
Operating profit, 3.1 3.9 6.8 3.7 8.8
excluding non-recurring
items
Operating profit 1.0 3.8 4.3 3.4 8.5
Profit before taxes 2.7 3.8 4.7 3.0 7.5
Profit for the period 2.5 3.3 4.9 2.7 6.7
Earnings per share, EUR 0.48 0.52 0.91 0.43 1.07
Shareholders' equity 22.19 21.40 22.37
per share, EUR
Equity Ratio, % 67.4 55.8 60.6
------------------------------------------------------------------------
Outlook for 2013
Net sales for 2013 are expected to show a year-on-year increase as a result of
the Caternet acquisition made in 2012 and achievement of organic growth. 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.
The 2013 consolidated operating profit, excluding non-recurring items, is
expected to show an improvement on the 2012 figure especially due to the good
profitability of the Frozen Foods business and the good result posted by the
Other Operations segment.
A decision in the shareholder agreement dispute regarding Sucros is expected to
be received in 2014. This will not affect the profit for the 2013 financial
year, with the exception of non-recurring expert costs.
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
***************
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 Matti Karppinen presents the
January - September 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, 30 October 2013 at 14:00
Apetit Plc, Stock Exchange Release, 30 October 2013 at 14:00
Helsinki, Finland, 2013-10-30 13:00 CET (GLOBE NEWSWIRE) --
Apetit will publish its Interim Report for January – September 2013 on
Wednesday, 6 November 2013 at 8.30 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).
In the briefing Apetit Plc’s CEO Matti Karppinen presents the third 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 – September 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
Mr. Matti Karppinen
CEO
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
APETIT PLC, Interim Report, 14 August 2013 at 2.00 p.m.
Correction: APETIT PLC’S INTERIM REPORT, JANUARY-JUNE 2013
APETIT PLC, Interim Report, 14 August 2013 at 2.00 p.m.
In the Interim Report on page 13 Consolidated statement of cash flows column
Q1-Q2/2013 figures proceeds from and repayments of short term loans and
proceeds from and repayments of long term loans were incorrect. Correct figures
are proceeds from and repayments of short term loans EUR -29.9 million and
proceeds from and repayments of long term loans EUR -0.8 million. The total
cash flows from financing activities remain the same.
Enclosed is the corrected Interim Report in its entirety.
Apetit Plc, Interim Report, 14 August 2013 at 8.30 a.m.
This is a summary of the Interim Report January - June 2013. 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 amounted to EUR 98.4 (91.0) million, up by about 8
per cent.
-- Operating profit, excluding non-recurring items, was EUR 2.4 (0.3) million;
non-recurring items totalled EUR ‑0.3 (‑0.2) million.
-- The profit for the period was EUR 1.7 (0.0) million, and earnings per share
came to EUR 0.28 (0.01).
January-June:
-- Consolidated net sales amounted to EUR 198.4 (170.5) million, up by about
16 per cent.
-- Operating profit, excluding non-recurring items, was EUR 3.8 (‑0.2)
million; non-recurring items totalled EUR ‑0.5 (‑0.2) million.
-- The profit for the period was EUR 2.4 (-0.6) million, and earnings per
share came to EUR 0.44 (‑0.09).
The estimate of full-year profit performance 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 a year earlier,
unless stated otherwise.
Matti Karppinen, CEO:
“In the first six months of 2013, net sales were up in all segments, and growth
was robust especially in the Seafood business and in the Grains and Oilseeds
business. Operating profit, excluding non-recurring items, was also up
considerably year-on-year due to the strong result posted by the Other
Operations segment. Despite the strong growth in net sales, the operating
profit of the Frozen Foods, Seafood and Grains and Oilseeds businesses,
excluding non-recurring items, was at the previous year’s level in each case.
Earnings per share rose to EUR 0.44.
“Domestic content still appeals to consumers. In Frozen Foods, sales of the
Apetit Kotimainen range were up by 13 per cent during the first six months in
comparison with the same period in the previous year.
“In the second half of the year, we will continue the restructuring project,
which will look at combining into an integrated entity the company’s present
Finnish-based consumer businesses. By revising the structure and operating
procedures of the consumer businesses, the aim is to further boost Apetit’s
standing among consumers in selected product groups as their preferred food
solution and to be the preferred partner for our customers. The restructuring
project aims at boosting growth and enhancing profitability.”
Net sales for 2013 are expected to show a year-on-year increase as a result of
the acquisition made in 2012 and achievement of organic growth. 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.
The 2013 consolidated operating profit, excluding non-recurring items, is
expected to show an improvement on the 2012 figure. The third-quarter operating
profit, excluding non-recurring items, is not expected to reach the level of
the exceptionally strong corresponding period in 2012, due to the more moderate
profit expectations for the Grains and Oilseeds business and for the associated
company Sucros.
The 2013 result could also be affected significantly by the outcome of the
shareholder agreement dispute concerning Sucros, if a solution is reached
during 2013.
PUBLICATION DATES FOR FINANCIAL REPORTS IN 2013
Interim Report for January-September will be published on 6 November at about
8.30 a.m.
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
***************
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 Matti Karppinen presents the
January - June 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, Interim Report, 14 August 2013 at 8.30 a.m.
APETIT PLC, Interim Report, 14 August 2013 at 8.30 a.m.
This is a summary of the Interim Report January - June 2013. 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 amounted to EUR 98.4 (91.0) million, up by about 8
per cent.
-- Operating profit, excluding non-recurring items, was EUR 2.4 (0.3) million;
non-recurring items totalled EUR ‑0.3 (‑0.2) million.
-- The profit for the period was EUR 1.7 (0.0) million, and earnings per share
came to EUR 0.28 (0.01).
January-June:
-- Consolidated net sales amounted to EUR 198.4 (170.5) million, up by about
16 per cent.
-- Operating profit, excluding non-recurring items, was EUR 3.8 (‑0.2)
million; non-recurring items totalled EUR ‑0.5 (‑0.2) million.
-- The profit for the period was EUR 2.4 (-0.6) million, and earnings per
share came to EUR 0.44 (‑0.09).
The estimate of full-year profit performance 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 a year earlier,
unless stated otherwise.
Matti Karppinen, CEO:
“In the first six months of 2013, net sales were up in all segments, and growth
was robust especially in the Seafood business and in the Grains and Oilseeds
business. Operating profit, excluding non-recurring items, was also up
considerably year-on-year due to the strong result posted by the Other
Operations segment. Despite the strong growth in net sales, the operating
profit of the Frozen Foods, Seafood and Grains and Oilseeds businesses,
excluding non-recurring items, was at the previous year’s level in each case.
Earnings per share rose to EUR 0.44.
“Domestic content still appeals to consumers. In Frozen Foods, sales of the
Apetit Kotimainen range were up by 13 per cent during the first six months in
comparison with the same period in the previous year.
“In the second half of the year, we will continue the restructuring project,
which will look at combining into an integrated entity the company’s present
Finnish-based consumer businesses. By revising the structure and operating
procedures of the consumer businesses, the aim is to further boost Apetit’s
standing among consumers in selected product groups as their preferred food
solution and to be the preferred partner for our customers. The restructuring
project aims at boosting growth and enhancing profitability.”
Net sales for 2013 are expected to show a year-on-year increase as a result of
the acquisition made in 2012 and achievement of organic growth. 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.
The 2013 consolidated operating profit, excluding non-recurring items, is
expected to show an improvement on the 2012 figure. The third-quarter operating
profit, excluding non-recurring items, is not expected to reach the level of
the exceptionally strong corresponding period in 2012, due to the more moderate
profit expectations for the Grains and Oilseeds business and for the associated
company Sucros.
The 2013 result could also be affected significantly by the outcome of the
shareholder agreement dispute concerning Sucros, if a solution is reached
during 2013.
PUBLICATION DATES FOR FINANCIAL REPORTS IN 2013
Interim Report for January-September will be published on 6 November at about
8.30 a.m.
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
***************
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 Matti Karppinen presents the
January - June 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, 5 August 2013 at 9.00
Apetit will publish its Interim Report for January – June 2013 on Wednesday, 14
August 2013 at 8.30 a.m. (EET).
Apetit Plc, Stock Exchange Release, 5 August 2013 at 9.00
A briefing (in Finnish) for analysts and media representatives 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 Matti Karppinen 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 found on Company web pages at
www.apetitgroup.fi/en after publishing and the presentation material of the
briefing after the event.
Apetit Plc
Matti Karppinen
CEO
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, stock exchange release, 10 June 2013 at 16.00
Apetit Plc, stock exchange release, 10 June 2013 at 16.00
At the beginning of November 2012, Caternet Finland Oy received from the
Uusimaa Centre for Economic Development, Transport and the Environment a
decision about a claim for recovery of part of the investment support that had
been granted to Caternet’s Kivikko plant in 2008–2009. The claim for recovery
is being made because of the change of ownership of the company’s share capital
that occurred on 27 March 2012. Under the decision, the sum to be recovered is
approximately EUR 2 million.
Caternet Finland Oy considered the claim for recovery to be unfounded and
decided to appeal against the decision on the claim for recovery. The Rural
Businesses Appeals Board has dismissed the company’s appeal and retained in
force the recovery decision of the Uusimaa Centre for Economic Development,
Transport and the Environment.
The company has decided to appeal against the decision now issued and is
consequently submitting a further appeal to the Supreme Administrative Court.
The claim for recovery of the support will not be executed before the Supreme
Administrative Court has dealt with the case and issued its judgement.
If the decision regarding the claim for recovery is not rescinded, the cost
impact of this is estimated to be EUR 1.3 million. The timing of any cost
recognition will be determined more specifically at a later stage.
Apetit Plc
Matti Karppinen
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, stock exchange announcement, 13 May 2013 at 13.00
Sievi Capital plc (business ID 0190457-0) has notified today that it bought
50,000 shares of Apetit Plc (business ID 0197395-5), and the total ownership
has thus exceeded 1/10 of the company´s total share capital.
Apetit Plc, stock exchange announcement, 13 May 2013 at 13.00
After the share transactions made on 13 May 2013, the ownership of Sievi
Capital plc totals 644,229 shares corresponding 10.20 % of the outstanding
share capital and 10.41 % of voting rights in Apetit Plc.
APETIT PLC
Susanna Sieppi
Communications Manager
For additional information:
Matti Karppinen, CEO, tel. +358 10 402 00
Distribution:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
APETIT PLC, Stock exchange release, 8 May 2013 at 8.30 am
APETIT PLC, Stock exchange release, 8 May 2013 at 8.30 am
This is a summary of the Interim Report for the first quarter of 2013. 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.
-- Consolidated net sales amounted to EUR 100.0 (79.4) million, up by 26 per
cent.
-- Operating profit, excluding non-recurring items, was EUR 1.3 (-0.5)
million; non-recurring items totalled EUR -0.2 (-0.1) million.
-- Earnings per share came to EUR 0.16 (-0.09).
-- The Annual General Meeting of 26 March 2013 decided to change the company’s
name to Apetit Plc. The name was entered in the Trade Register on 7 May
2013.
The information in this Interim Report has not been audited. The figures in
parentheses are the equivalent figures for the same period a year earlier,
unless stated otherwise.
KEY FIGURES
EUR million Q1/2013 Q1/2012 Change 2012
--------------------------------------------------------------------------------
Net sales 100.0 79.4 26 % 378.2
--------------------------------------------------------------------------------
Operating profit, excluding non-recurring items 1.3 -0.5 8.8
--------------------------------------------------------------------------------
Operating profit 1.2 -0.6 8.5
--------------------------------------------------------------------------------
Profit before taxes 0.7 -0.7 7.5
--------------------------------------------------------------------------------
Profit for the period 0,7 -0.7 6.7
--------------------------------------------------------------------------------
Earnings per share, EUR 0.16 -0.09 1.07
--------------------------------------------------------------------------------
Shareholders’ equity per share, EUR 21.60 21.09 22.37
--------------------------------------------------------------------------------
Equity ratio, % 63.3 63.8 60.6
--------------------------------------------------------------------------------
Matti Karppinen, CEO:
“The Annual General Meeting took the decision to change the Group’s name, and
this is now our first day as Apetit Plc. Our new name reflects our current
businesses much better and will also support efforts to strengthen our position
now and in the coming years.
“The net sales of the Apetit Group grew strongly during the first quarter in
comparison with last year. The Group’s first-quarter operating profit,
excluding non-recurring items, was also significantly better. All businesses
except for Seafood improved their operating profit, excluding non-recurring
items. Seafood’s result was disappointing, and was down of the previous year’s
first-quarter figure. Seafood’s profitability is at an unsatisfactory level and
we have begun steps to improve its financial performance.
“We have also decided to launch a restructuring project which will look at
combining into an integrated entity the company’s present Finnish-based
consumer businesses. By revising the structure and operating procedures of the
consumer businesses, the aim is to further boost Apetit’s standing among
consumers as their preferred food solution and to be the preferred partner for
our customers. This will require raising the consumer and customer orientation
of our business to quite a new level.
“The company has previously combined businesses successfully, when it brought
together the components of the Grains and Oilseeds business. The current plan
of combining Apetit Pakaste, the Finnish Seafood business, Caternet Finland and
the support functions for these is a natural step forward in the company’s
drive to improve profitability and strengthen its growth prospects. The new
business structure is expected to be ready by the end of 2013,” says Matti
Karppinen.
OUTLOOK FOR 2013
Net sales for 2013 are expected to show a year-on-year increase as a result of
the acquisition made in 2012 and achievement of organic growth. 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.
As a result of growth and the development measures undertaken in the Group’s
businesses, the 2013 consolidated operating profit, excluding non-recurring
items, is expected to improve on the 2012 figure. The profit improvement is
expected to be strongest in the first six months of the year. The accrual of
Apetit Plc’s annual profit is typically weighted towards the end of the year,
due to the nature of operations in the Frozen Foods business, the Seafood
business and the associated company Sucros.
The 2013 result could also be affected significantly by the outcome of the
shareholder agreement dispute concerning Sucros, which is expected to be
announced in the second half of 2013.
PUBLICATION DATES FOR FINANCIAL REPORTS IN 2013
The following Interim Reports will be published during 2013: January-June on 14
August at about 8.30 a.m. and January-September on 6 November at about 8.30
a.m.
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
***************
Invitation to a briefing
A briefing (in Finnish) for analysts and media representatives will be held
today at 11.00 a.m. in Hotel Scandic Simonkenttä, meeting room Mansku,
(address: Simonkatu 9, Helsinki).
In the briefing Apetit Plc’s CEO Matti Karppinen presents the first quarter
results of Apetit Plc, tells about the new name of the group and gives more
information about the restructuring project.
The presentation material will be available on the company’s website at
http://www.apetitgroup.fi after the event.
COPIES TO:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, stock exchange release, 8 May 2013 at 8.30
Apetit Plc, stock exchange release, 8 May 2013 at 8.30
Apetit Plc is launching a restructuring project which will look at combining
into an integrated entity the company’s present Finnish-based consumer
businesses. By revising the structure and operating procedures of the consumer
businesses, the aim is to further boost Apetit’s standing among consumers as
their preferred food solution and to be the preferred partner for our
customers.
The company has previously combined businesses successfully, when it brought
together the components of the Grains and Oilseeds business. The current plan
of combining Apetit Pakaste, the Finnish Seafood business, Caternet Finland and
the support functions for these is a natural step forward in the company’s
drive to improve profitability and strengthen its growth prospects.
The new business structure is expected to be ready by the end of 2013. The
restructuring should improve the cost efficiency of the business. The potential
impact of the project in euro terms will be reviewed later as the project
progresses. The likely effect of the restructuring on the Group’s reportable
segments will be separately assessed as the project progresses towards
implementation.
APETIT PLC
Matti Karppinen
CEO
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
Apetit Plc, stock exchange release, 7 May 2013 at 16.00
Apetit Plc, stock exchange release, 7 May 2013 at 16.00
The company’s Annual General Meeting held in March decided unanimously to
change the Group’s name to Apetit Plc. The new name has today been entered in
the Trade Register, and the company’s name is now Apetit Plc. The trading code
changes to APETI, and the Group’s website address will be www.apetitgroup.fi.
The e-mail addresses of the parent company’s employees change to
; other contact details remain the same.
The Group’s new look will be published tomorrow.
APETIT PLC
Matti Karppinen
CEO
Further information:
Matti Karppinen, CEO, tel. +358 (0)10 402 00
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.lannen.fi
www.apetitgroup.fi
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 6 May 2013 at 13.30
Lännen Tehtaat will publish its Interim Report for January – March 2013 on
Wednesday, 8 May 2013 at 8.30 a.m. Finnish time.
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 6 May 2013 at 13.30
A briefing (in Finnish) for analysts and media representatives will be held at
11.00 a.m. in Hotel Scandic Simonkenttä, meeting room Mansku, (address:
Simonkatu 9, Helsinki).
In the briefing Lännen Tehtaat’s CEO Matti Karppinen presents the first quarter
results of Lännen Tehtaat, tells about the new name of the group 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 found on Company web pages at
www.apetitgroup.fi/en after publishing and the presentation material of the
briefing after the event.
Lännen Tehtaat Oyj, stock exchange release, 3 May 2013 at 14.30
Lännen Tehtaat Board member Matti Tikkakoski has announced that he is resigning
his membership of the Board, to take effect on 3 May 2013, as he is to take up
the duties of Board chairman at Finnprotein Oy.
Lännen Tehtaat Oyj, stock exchange release, 3 May 2013 at 14.30
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 16 April 2013 at 16:15
The Supervisory Board of Lännen Tehtaat plc today elected Timo Miettinen as
Chairman of the Supervisory Board and Marja-Liisa Mikola-Luoto as Deputy
Chairman of the Supervisory Board.
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 16 April 2013 at 16:15
It was decided to elect 6 members to the Board of Directors. Aappo Kontu, Tuomo
Lähdesmäki, Veijo Meriläinen, Samu Pere, Matti Tikkakoski and Helena Walldén
were elected as members of the Board. Aappo Kontu was elected as Chairman of
the Board and Veijo Meriläinen as Deputy Chairman of the Board.
It was decided that the monthly fee paid to the members of the Board is EUR
1,550, the monthly fee paid to the Chairman of the Board is EUR 3,100 and the
monthly fee paid to the Deputy Chairman is EUR 1,915. In addition, a meeting
fee of EUR 510 is paid to the Chairman and EUR 255 to the members of the Board.
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 26 March 2013 at 16.55
Correction to election of the members of the Supervisory Board:
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 26 March 2013 at 16.55
The Annual General Meeting confirmed that the Supervisory Board will have 19
members elected by the Annual General Meeting. Six persons were appointed to
replace members of the Supervisory Board completing their term.Heikki Aaltonen,
Jussi Hantula, Risto Korpela and Esa Ruohola were re-elected. Jonas Laxåback
and Timo Ruippo were elected as new members. Mikko Kurittu was not elected as a
member of the Supervisory Board.
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 26 March 2013 at 16.30
LÄNNEN TEHTAAT PLC, Stock Exchange Release, 26 March 2013 at 16.30
The Annual General Meeting on 26 March 2013 approved the parent company's and
consolidated financial statements for the financial year 1 January - 31
December 2012 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 0.90 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 0.90 per share
on the financial year 2012. The dividend will be paid on 9 April 2013 to
shareholders registered on the company´s register of shareholders kept by
Euroclear Finland Ltd on the record date 2 April 2013. No dividend will be paid
on shares held by the company.
AMENDING THE COMPANY’S ARTICLES OF ASSOCIATION
The Annual General meeting decided to amend the article 1 of the company’s
Articles of Association as follows:
§1 Company name and domicile
The name of the company is Apetit Oyj, in Swedish Apetit Abp and in English
Apetit Plc. The company’s domicile is Säkylä.
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 19
members elected by the Annual General Meeting. Six persons were appointed to
replace members of the Supervisory Board completing their term.Heikki Aaltonen,
Jussi Hantula, Mikko Kurittu and Esa Ruohola were re-elected. Jonas Laxåback
and Timo Ruippo were elected as new members.
Esko Eela and Heikki Laurinen were elected as the members of the Supervisory
Board's Nomination Committee.
Hannu Pellinen, APA, and PricewaterCoopers Oy Authorised Public Accountants
with Tomi Moisio, APA, CPFA as responsible auditor, were re-elected as
auditors.
The Annual General Meeting decided that the yearly fee paid to the Supervisory
Board’s chairman is EUR 7,685, and to the deputy chairman EUR 5,125. The
meeting allowance paid to the members of the Supervisory Board and the members
of the Supervisory Board´s Nomination Committee is EUR 255. In addition,
compensation for travelling expenses are paid in accordance with the general
travel rules of Lännen Tehtaat 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.lannen.fi/en, as of 9 April 2013.
