Supplementary financial information concerning the target of acquisition announced in Kesko's stock exchange release on 18 November 2015

KESKO CORPORATION STOCK EXCHANGE RELEASE 18.11.2015 AT 12.45 1(2) Supplementary financial information concerning the target of acquisition announced in Kesko's stock exchange release on 18 November 2015 Kesko Corporation announced today, 18 November 2015, in a stock exchange release that its subsidiary Kesko Food Ltd has made an agreement to acquire the whole share capital of Suomen Lähikauppa Oy from the private equity investment firm Triton...

KESKO CORPORATION STOCK EXCHANGE RELEASE 18.11.2015 AT 12.45 1(2)

 

Supplementary financial information concerning the target of acquisition announced in Kesko's stock exchange release on 18 November 2015

 

Kesko Corporation announced today, 18 November 2015, in a stock exchange release that its subsidiary Kesko Food Ltd has made an agreement to acquire the whole share capital of Suomen Lähikauppa Oy from the private equity investment firm Triton. The net sales of Suomen Lähikauppa in 2014 were EUR999.2 million, it has 643 Siwa and Valintatalo stores and 4,100 employees. The transaction price of the debt-free acquisition, structured as a share purchase, is approximately EUR60 million.

 

The table below presents supplementary information on the financial performance and financial position of Suomen Lähikauppa Group.

 

INCOME STATEMENT	1-9/2015
Net sales	713.6
Cost of goods sold	-519.1
Gross profit	194.5
Other operating income	4.1
Employee benefit expenses	-102.7
Depreciation and amortisation	-11.8
Other operating expenses	-88.4
Operating profit	-4.3
Finance income and expenses	-0.5
Profit before tax	-4.8
Income tax	0.0
Profit for the period	-4.8

 

BALANCE SHEET	30.9.2015
Total assets
Non-current assets
Intangible assets	11.0
Tangible assets	53.0
Other investments	10.5
Deferred tax assets	15.0
Total non-current assets	89.5
Current assets
Inventories	40.2
Trade receivables	3.8
Other receivables	9.6
Cash and cash equivalents	9.6
Total current assets	63.2
Total assets	152.7
Equity and liabilities
Equity	7.6
Non-controlling interest	1.3
Total equity	8.9
Provisions	0.8
Current liabilities
Interest-bearing liabilities	8.2
Trade payables	84.8
Other non-interest-bearing liabilities	49.9
Deferred tax liabilities	0.1
Total current liabilities	142.9
Total equity and liabilities	152.7

 

The information is unaudited and is based on management reporting of Suomen Lähikauppa Group.

 

Further information:
Jukka Erlund, Chief Financial Officer, tel. +358 105 322 113
Lauri Peltola, Senior Vice President, corporate responsibility, communications and stakeholder relations, tel. +358 105 322 400

 

Kesko Corporation

 

 

 

Merja Haverinen
Vice President, Group Communications

 

 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main news media
www.kesko.fi

 

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