Apetit Oyj — Earnings Release 2021

Oct 22, 2021

Profit warning: Apetit revises its estimate of operating profit for 2021 and provides preliminary information for the period January - September 2021

Profit warning: Apetit revises its estimate of operating profit for 2021 and provides preliminary information for the period January - September 2021

Apetit Plc, Inside information, 22 October 2021 at 17:35 p.m.

Profit warning: Apetit revises its estimate of operating profit for 2021 and
provides preliminary information for the period January - September 2021

Apetit Plc revises its estimate of operating profit for 2021. The company
estimates that the operating profit from continuing operations will be below
year 2020 level (EUR 3.9 million in 2020).

Record-high freight costs and unfavorable sales commitments in relation to the
grain harvest quality will weaken Grain Trade's profit outlook for the last
quarter of the year. The profit outlook for Oilseed Products for the last
quarter of the year is weakened by exceptionally high raw material costs.

Preliminary information July-September 2021 and January-September 2021

July–September 2021, continuing operations

· Net sales amounted to EUR 64.5 (72.1) million
· EBITDA was EUR 4.2 (4.0) million
· Operating profit was EUR 2.6 (2.5) million

January–September 2021, continuing operations

· Net sales amounted to EUR 200.9 (211.0) million
· EBITDA was EUR 7.0 (7.3) million
· Operating profit was EUR 2.3 (2.8) million

The revised profit guidance for 2021:

The full-year operating profit from continuing operations is expected to
decrease from the previous year (EUR 3.9 million in 2020).

The previous profit guidance for 2021 (repeated August 20, 2021):

The full-year operating profit from continuing operations is expected to improve
year-on-year (EUR 3.9 million in 2020).

Apetit Plc

For further information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production.
Our operations are based on a unique and sustainable value chain: we create well
-being with vegetables by offering tasty food solutions that make daily life
easier. We also produce high-quality vegetable oils and rapeseed expellers for
feeding stuff, and trade grain on the international markets. Apetit Plc's shares
are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293
million.