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Kesko Oyj — M&A Activity 2015
Nov 18, 2015
3222_rns_2015-11-18_4ae5ebc4-ebe8-4481-aaa7-bde3242fd784.html
M&A Activity
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Supplementary financial information concerning the target of acquisition announced in Kesko's stock exchange release on 18 November 2015
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. The net sales of Suomen Lähikauppa in 2014 were €999.2 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 €60
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
[HUG#1967636]