Silmäasema Oyj - Interim report (Q1 and Q3)

Silmäasema Oyj: CORRECTION to the Note 2.2 "Net sales and other operating income" of Silmäasema's Interim Report January-September 2017

CORRECTION to the Note 2.2 "Net sales and other operating income" of
Silmäasema's Interim Report January-September 2017


Silmäasema Oyj                 Stock Exchange Release  10 November 2017 at
17:55 EET



Silmäasema published Interim Report January-September 2017 on 10 November 2017
at 8.00 EET. In Note 2.2 "Net sales and other operating income" the table "The
group derives the following types of revenue" has been corrected. The correction
concerns rows "Sale of goods" and "Royalty income" and columns
7-9/2017, 7-9/2016, 1-9/2017 and 1-9/2016 as follows:

Original table:

 The group derives the following types of revenue
+----------------------------------------------------------------------------+
|EUR thousand     7-9/2017               7-9/2016 1-9/2017 1-9/2016 1-12/2016|
+----------------------------------------------------------------------------+
|Sale of goods      17,888                 15,826   53,016   43,587    56,225|
|                                                                            |
|Sale of services    9,719                  7,924   35,180   31,322    43,923|
|                                                                            |
|Royalty income     -1,222                 -1,450     -723     -924     1,197|
+----------------------------------------------------------------------------+
|Total              26,385                 22,300   87,472   73,986   101,345|
+----------------------------------------------------------------------------+


Corrected table:

 The group derives the following types of revenue
+----------------------------------------------------------------------------+
|EUR thousand     7-9/2017               7-9/2016 1-9/2017 1-9/2016 1-12/2016|
+----------------------------------------------------------------------------+
|Sale of goods      16,441                 13,979   51,569   41,740    56,225|
|                                                                            |
|Sale of services    9,719                  7,924   35,180   31,322    43,923|
|                                                                            |
|Royalty income        225                    397      723      924     1 197|
+----------------------------------------------------------------------------+
|Total              26,385                 22,300   87,472   73,986   101,345|
+----------------------------------------------------------------------------+


In addition, in the English Interim Report in Note 2.2 "Net sales and other
operating income" the table "Other operating income" has been named.

Original table:

+------------------------------------------------------------------------------+
|EUR thousand                     7-9/2017 7-9/2016 1-9/2017 1-9/2016 1-12/2016|
+------------------------------------------------------------------------------+
|Insurance                                        0                36        36|
|                                                                              |
|Changes in contingent                                                         |
|considerations                          0               230                   |
|                                                                              |
|Other rental income                     6        3       48        5         5|
+------------------------------------------------------------------------------+
|Total                                   6        3      278       40        41|
+------------------------------------------------------------------------------+


Corrected table:

 Other operating income
+------------------------------------------------------------------------------+
|EUR thousand                     7-9/2017 7-9/2016 1-9/2017 1-9/2016 1-12/2016|
+------------------------------------------------------------------------------+
|Insurance                                        0                36        36|
|                                                                              |
|Changes in contingent                                                         |
|considerations                          0               230                   |
|                                                                              |
|Other rental income                     6        3       48        5         5|
+------------------------------------------------------------------------------+
|Total                                   6        3      278       40        41|
+------------------------------------------------------------------------------+


No corresponding change was required for the Finnish Interim Report.



The corrected Interim Report is attached to this release.



Additional information

CEO Pasi Kohmo, tel. +358 50 331 7015, pasi.kohmo@silmaasema.fi

CFO Anu Kankkunen, tel. +358 50 669 69, anu.kankkunen@silmaasema.fi



SILMÄASEMA OYJ

Pasi Kohmo
CEO


Anu Kankkunen
CFO



Silmäasema is a Finnish company, which offers all products and services for
optical retail and eye healthcare nationwide. Silmäasema is the largest private
eye clinic provider offering eye surgeries and the second largest optical retail
chain with 28.4 per cent market share. The Silmäasema chain has 148 stores and
13 eye clinics in Finland as well as eight stores in Estonia. The Silmäasema
chain employs close to 1,000 eye healthcare professionals. In 2016, the
Silmäasema chain conducted around 210,000 optician's eye examinations, 190,000
ophthalmologist's appointments and over 15,000 cataract and refractive
surgeries. Silmäasema's Group net sales were 101.3 million euros in 2016 and
adjusted EBITDA was 12.0 million euros.


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Attachments:

Silmäasema Interim Report January-September 2017.pdf