LÄNNEN TEHTAAT PLC Stock Exchange Release April 27, 2007
QUARTERLY COMPARATIVE INFORMATION FOR 2006 BASED ON THE NEW SEGMENT FORMAT
The segment format of Lännen Tehtaat plc was changed from the beginning of 2007
to respond better to the new Group structure. The primary reporting segments are
Frozen Foods, Fish Products, Vegetable Oil and Other Operations.
The Frozen Foods segment includes Apetit Pakaste Oy. Fish Products includes
Apetit Kala Oy and the Maritim Food AS group. Mildola Oy forms the Vegetable Oil
Operations. The Other Operations segment includes the service company Apetit
Suomi Oy, Group Administration and the joint unallocated operations of the
Group. In the comparative information for 2006, the cost effect of the services
produced by the operations transferred to Apetit Suomi Oy is an encumbrance on
the financial performance of the business operations in relation to the use of
the services. Frozen Foods, Fish Products, Vegetable Oil Operations and Other
Operations will form the continuing operations in the IFRS reporting from the
beginning of 2007.
The Suomen Rehu Group and the Avena Nordic Grain Group will be reported as
discontinued operations.
Lännen Tehtaat has calculated new net sales and operating profits, depreciation
and investments quarterly for 2006 using the new segment format.
NET SALES, EUR million
1-3/2006 4-6/2006 7-9/2006 10-12/2006
Frozen Foods 12.8 14.4 10.5 12.5
Fish Products 13.4 15.6 14.0 15.9
Vegetable Oil Operations 10.1 10.5 10.1 9.9
Other Operations 0.0 0.0 0.0 0.0
Intra-group sales 0.0 -0.1 0.0 0.0
Continuing operations total 36.3 40.4 34.6 38.3
Intra-group sales -2.9 -2.7 -2.4 -2.7
Discontinued operations total 63.6 65.0 59.4 81.8
Group total 97.0 102.8 91.6 117.4
1-6/2006 1-9/2006 1-12/2006
Frozen Foods 27.2 37.7 50.2
Fish Products 29.0 43.0 58.9
Vegetable Oil Operations 20.6 30.7 40.6
Other Operations 0.0 0.0 0.0
Intra-group sales -0.1 -0.1 -0.1
Continuing operations total 76.7 111.3 149.6
Intra-group sales -5.6 -8.0 -10.7
Discontinued operations total 128.6 188.0 269.8
Group total 199.7 291.3 408.7
OPERATING PROFIT, EUR million
1-3/2006 4-6/2006 7-9/2006 10-12/2006
Frozen Foods -0.8 0.2 0.9 1.3
Fish Products 0.4 0.0 0.6 0.7
Vegetable Oil Operations 0.7 1.2 0.5 0.6
Other Operations -1.9 -1.2 -0.9 1.0
Continuing operations total -1.6 0.2 1.1 3.6
Discontinued operations total 1.1 2.3 3.3 4.5
Group total -0.5 2.5 4.5 8.1
1-6/2006 1-9/2006 1-12/2006
Frozen Foods -0.6 0.3 1.6
Fish Products 0.4 1.0 1.7
Vegetable Oil Operations 1.9 2.4 3.0
Other Operations -3.1 -4.0 -3.0
Continuing operations total -1.4 -0.3 3.3
Discontinued operations total 3.4 6.7 11.2
Group total 2.0 6.4 14.5
OPERATING PROFIT, without non-recurring items, EUR million
1-3/2006 4-6/2006 7-9/2006 10-12/2006
Frozen Foods -0.7 0.2 0.9 1.8
Fish Products 0.4 0.0 0.1 0.7
Vegetable Oil Operations 0.7 0.9 0.5 0.7
Other Operations -1.3 -1.2 -0.9 -1.0
Continuing operations total -0.9 -0.1 0.6 2.2
Discontinued operations total 1.6 2.5 3.3 3.7
Group total 0.7 2.4 3.9 5.9
1-6/2006 1-9/2006 1-12/2006
Frozen Foods -0.5 0.4 2.2
Fish Products 0.4 0.5 1.2
Vegetable Oil Operations 1.6 2.1 2.8
Other Operations -2.5 -3.4 -4.4
Continuing operations total -1.0 -0.4 1.8
Discontinued operations total 4.1 7.4 11.1
Group total 3.1 7.0 12.9
DEPRECIATION AND IMPAIRMENTS, EUR million
1-3/2006 4-6/2006 7-9/2006 10-12/2006
Frozen Foods 0.7 0.6 0.7 0.7
Fish Products 0.2 0.2 0.4 0.2
Vegetable Oil Operations 0.2 0.1 0.3 0.0
Other Operations 0.1 0.2 0.1 0.1
Continuing operations total 1.2 1.1 1.5 1.0
Discontinued operations total 0.9 0.9 0.9 0.9
Group total 2.1 2.0 2.4 1.9
1-6/2006 1-9/2006 1-12/2006
Frozen Foods 1.3 2.0 2.7
Fish Products 0.4 0.8 1.0
Vegetable Oil Operations 0.3 0.6 0.6
Other Operations 0.3 0.4 0.5
Continuing operations total 2.3 3.8 4.8
Discontinued operations total 1.8 2.7 3.6
Group total 4.1 6.5 8.4
INVESTMENT IN NON-CURRENT ASSETS, EUR million
1-3/2006 4-6/2006 7-9/2006 10-12/2006
Frozen Foods 0.1 0.4 0.2 0.1
Fish Products 0.1 0.0 0.2 0.3
Vegetable Oil Operations 0.1 0.1 0.2 0.0
Other Operations 0.0 0.1 0.0 0.0
Continuing operations total 0.3 0.6 0.6 0.4
Discontinued operations total 0.9 2.5 1.8 0.5
Group total 1.2 3.1 2.4 0.9
1-6/2006 1-9/2006 1-12/2006
Frozen Foods 0.5 0.7 0.8
Fish Products 0.1 0.3 0.6
Vegetable Oil Operations 0.2 0.4 0.4
Other Operations 0.1 0.1 0.1
Continuing operations total 0.9 1.5 1.9
Discontinued operations total 3.4 5.2 5.7
Group total 4.3 6.7 7.6
LÄNNEN TEHTAAT PLC
Eero Kinnunen
CFO
Further information: Eero Kinnunen, tel. +358 10 402 4025
Distribution:
Helsinki Stock Exchange
Main media
www.lannen.fi