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
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