NEO INDUSTRIAL’S 2011 RESULTS ACCORDING TO SEGMENT REPORTING

 | Quelle: Neo Industrial Oyj Neo Industrial Oyj

NEO INDUSTRIAL  PLC       STOCK EXCHANGE RELEASE      11 May 2012 at 10.00 am

Neo Industrial announced on the Financial Statements Release on 28 February 2012 the new segment reporting practices for 2012. Consequently, customer-specific commodity derivates and segment-specific currency hedging are now recognised under each segment. Other derivatives are recognised in Eliminations and other operations. In addition, segment-specific statements present the operating profit before and after open hedging instruments. We are now announcing the accounting data for 2011 according to the new segment reporting practices, in order to enable comparability.

EUR 1,000
1-3/2011		   Cable Viscose
Fibres		 Single Family Housing Eliminations and other operations Group total
Segment’s operating profit
before change in the value
of open derivatives		   -183 -6 570   -221 -6 974
Change in the value of open derivatives   -123     -115 -238
Operating profit after
changein the value of
open derivatives		   -306 -6 570   -336 -7 212
             
Segment’s assets   82 472 19 856 3 000   105 328
Unallocated items         12 255 12 255
Total assets   82 472 19 856 3 000 12 255 117 583
    19 480 -6 579 3 000 10 760 26 661
             
             
1-6/2011   Cable Viscose Fibres Single Family Housing Eliminations and other operations Group total
             
Segment’s operating profit
before change in the value
of open derivates		   -707 -7 762   -173 -8 642
Change in the value of open derivatives   -107     -420 -527
Operating profit after
change in the value of
open derivatives		   -814 -7 762   -593 -9 169
             
Segment’s assets   79 952 27 315 11 664   118 931
Unallocated items         9 878 9 878
Total assets   79 952 27 315 11 664 9 878 128 809
Assets – liabilities   21 687 -8 800 11 664 5 654 30 205
             
              
1-9/2011   Cable Viscose Fibres Single Family Housing Eliminations and other operations Group total
             
Segment’s operating profit
before change in the value
of open derivates		   -1 675 -8 880   -415 -10 970
Change in the value of open derivatives   -340     -774 -1 114
Operating profit after
change in the value
of open derivatives		   -2 015 -8 880   -1 189 -12 084
             
Segment’s assets   73 935 24 639 11 606   110 180
Unallocated items         9 625 9 625
Total assets   73 935 24 639 11 606 9 625 119 805
Assets – liabilities   17 992 -9 159 11 606 5 055 25 494
             
             
2011
 		   Cable Viscose Fibres Single Family Housing Eliminations and other operations Group total
             
Segment’s operating profit
before change in the value
of open derivates		   -2 976 -10 975   -976 -14 927
Change in the value of open derivatives   -93     -589 -682
Operating profit after
change in the value of
open derivatives		   -3 069 -10 975   -1 565 -15 609
             
Segment’s assets   67 272 19 139 6 369   92 780
Unallocated items         5 121 5 121
Total assets   67 272 19 139 6 369 5 121 97 901
Assets – liabilities   26 668 -9 803 6 369 -10 781 12 453

 

Neo Industrial Plc

Markku E. Rentto
Managing Director

For further information, please contact:
Sari Tulander, CFO, Neo Industrial Plc,  tel. +358 207 209 192

www.neoindustrial.fi

Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange. Neo Industrial's business segments are Cable, Viscose Fibers and Single Family Housing.

 

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