2010-01-18 11:45:00 CET

2010-01-18 11:45:02 CET


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Lännen Tehtaat - Company Announcement

2009 OPERATING PROFIT, EXCLUDING NON-RECURRING ITEMS, UP ON PREVIOUS YEAR'S LEVEL


LÄNNEN TEHTAAT PLC  STOCK EXCHANGE RELEASE       18 January 2010, 12;45 PM      


2009 OPERATING PROFIT, EXCLUDING NON-RECURRING ITEMS, UP ON PREVIOUS YEAR'S     
LEVEL                                                                           
                                                                                
In its third-quarter interim report, Lännen Tehtaat stated that thanks to the   
measures taken to develop the Group's different businesses, the fourth-quarter  
operating profit, excluding non-recurring items, was expected to show a         
year-on-year improvement, and the full-year operating profit, excluding         
non-recurring items, was expected to be around the same level as in 2008.       

Preliminary figures indicate that the fourth-quarter operating profit, excluding
non-recurring items, was significantly better than expected and also            
significantly better than the previous year's final quarter figure, rising to   
more than EUR 5 million (Q4/2008: EUR 2.8 million).                             

The improvement in the Group's businesses continued during the final quarter of 
2009, strengthening towards the end of the year. The better than expected result
was attributable to the success of the Christmas season in the Seafood business 
and the success of the Grains and Oilseeds business especially in trading       
between third countries towards the end of the year. The share of the profit of 
the associated company Sucros also exceeded expectations.                       

Thanks to the better than expected final quarter, the full-year operating profit
of the continuing operations, excluding non-recurring items, represented a      
year-on-year improvement, deviating from the estimate presented in the interim  
report. The continuing operations' operating profit for 2009, excluding         
non-recurring items, is expected to be over EUR 7 million (2008: EUR 5.4        
million).                                                                       

The preliminary figures are unaudited and are not based on financial statements 
approved by the Board of Directors. Lännen Tehtaat's financial statements       
bulletin for the financial year 1 January - 31 December 2009 will be published  
at 8.30 am on 17 February 2010.                                                 


LÄNNEN TEHTAAT PLC                                                              
Matti Karppinen                                                                 
CEO                                                                             
Further information: Matti Karppinen, CEO, tel. +358 10 402 4001                


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www.lannen.fi                                                                   




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