Apetit Oyj - Company Announcement

Apetit lowers its estimate of operating profit excluding non-recurring items for 2015

Apetit Plc, Stock Exchange Release, March 18th, 2015 at 6:30 p.m.

Apetit is amending its profit guidance for 2015 and is lowering its estimate of
full-year operating profit excluding non-recurring items. 

NEW OUTLOOK FOR 2015

The Group's full-year operating profit excluding non-recurring items is
expected to fall short of the previous year's level. It is anticipated that the
operating profit excluding non-recurring items for the first quarter of the
year will be lower than in the same quarter a year earlier. 

Owing to the extremely challenging situation in the sugar market, the
associated company Sucros, which is part of the Other Operations segment, is
anticipated to make a loss this year. 

The market conditions in the food sector in Finland are challenging. Sales in
the Food Business failed to reach the target level early this year, and the
estimated performance of the business segment in the short term has been
lowered. However, the long-term profitability programmes under way in the Food
Business have progressed as planned. The impact of these programmes on the
operating profit is expected to be felt in stages during the year as the
measures are implemented. 

In the Grains and Oilseeds Business, no major change is expected in the
prospects for profitability in 2015 compared with the previous year. 

Due to the substantial effect of international grain market price fluctuations
on the entire Group's net sales, Apetit will not issue any estimates of the
expected full-year net sales. 

PREVIOUS OUTLOOK FOR 2015

The Group's full-year operating profit excluding non-recurring items is
expected to improve from the previous year's level. However, it is anticipated
that the operating profit excluding non-recurring items for the first quarter
of the year will be lower than in the same quarter a year earlier. 

The market conditions in the food sector in Finland are challenging. The aim of
the long-term profitability programmes in the Food Business is to improve
profitability and competitiveness. The impact of these programmes on the
operating profit is expected to be felt in stages during the year as the
measures are implemented. 

In the Grains and Oilseeds Business, no major change is expected in the
prospects for profitability in 2015 compared with the previous year. In the
Other Operations segment, lower market prices for sugar are expected to weaken
the result for the associated company Sucros. 

Due to the substantial effect of international grain market price fluctuations
on the entire Group's net sales, Apetit will not issue any estimates of the
expected full-year net sales. 

Apetit will publish its January-March Interim Report on 5 May 2015 at 8.30 am.


APETIT PLC

Juha Vanhainen
CEO



For more information:
Eero Kinnunen, CFO, +358 10 402 00

Copies to:
Nasdaq Helsinki
Main media
www.apetitgroup.fi