2011 COMPARATIVE FIGURES FOR RAPALA'S NEW SEGMENT STRUCTURE
(Thomson Reuters ONE) -
Rapala VMC Corporation
Stock Exchange Release
April 18, 2012 at 9:00 a.m.
Rapala VMC Corporation ("Rapala") will change its reportable operating segments
from January 1, 2012 onwards. On December 23, 2011 Rapala announced sale of the
gift business, which represented nearly 50% of Other Group Products segment
2011 sales. As a result of the divestment of the gift business, Other Group
products segment remaining with mainly Winter Sports and Hunting products
manufactured and outsourced by the Group and sold under the Group's brands will
be combined with Group Fishing Products segment and presented as one reportable
segment; Group Products.
Group Products include Group Lures, Fishing Hooks, Fishing Lines and Fishing
Accessories as well as Winter Sports and some other non-fishing businesses
manufactured and outsourced by the Group and sold under the Group's brands.
Third Party Products include non-Group branded fishing products and third party
products for hunting, outdoor and winter sports. Basis for Group's operating
segments is the distinction between the type and source of products. Comparative
information for year 2011 based on Group's new segment structure is presented
below.
Net Sales by Operating Segment I II I-II III I-III IV I-IV
MEUR 2011 2011 2011 2011 2011 2011 2011
-----------------------------------------------------------------------
Group Products 46.8 49.5 96.3 37.9 134.3 40.2 174.5
Third Party Products 27.9 31.4 59.3 25.1 84.4 20.6 105.0
-----------------------------------------------------------------------
Total 74.7 80.9 155.6 63.0 218.7 60.8 279.5
Operating Profit by Operating Segment
MEUR
Group Products 9.0 8.3 17.3 1.4 18.7 3.7 22.4
Third Party Products 3.1 4.5 7.6 0.9 8.5 -0.1 8.4
-----------------------------------------------------------------------
Total 12.1 12.8 24.9 2.3 27.2 3.5 30.7
Mar 31 June 30 Sept 30 Dec 31
Assets by Operating Segment, MEUR 2011 2011 2011 2011
----------------------------------------------------------------------
Group Products 213.4 208.9 208.2 207.7
Third Party Products 85.2 77.4 67.1 68.8
----------------------------------------------------------------------
Non-interest bearing assets total 298.6 286.3 275.2 276.5
Unallocated interest-bearing assets 27.7 34.1 34.7 38.1
----------------------------------------------------------------------
Total assets 326.3 320.4 310.0 314.5
Liabilities by Operating Segment, MEUR
Group Products 38.7 40.3 37.6 35.0
Third Party Products 19.1 13.3 13.0 14.5
----------------------------------------------------------------------
Non-interest bearing liabilities total 57.8 53.6 50.7 49.5
Unallocated interest-bearing liabilities 134.4 137.5 128.6 129.3
----------------------------------------------------------------------
Total liabilities 192.2 191.1 179.3 178.8
Simultaneously from January 1, 2012 reporting onwards, to improve quality and
transparency of the Group's investor information Group's geographical sales
information will be presented excluding intra-Group transactions, i.e. including
only Group's external sales. Comparative information of 2011 external net sales
by unit location has been presented below.
Net Sales by Area I II I-II III I-III IV I-IV
MEUR 2011 2011 2011 2011 2011 2011 2011
-------------------------------------------------------
North America 18.9 18.4 37.3 13.0 50.3 18.7 69.1
Nordic 18.0 19.7 37.7 12.5 50.2 15.1 65.3
Rest of Europe 28.9 32.1 61.0 25.0 86.0 16.7 102.7
Rest of the world 8.9 10.7 19.6 12.5 32.1 10.3 42.4
-------------------------------------------------------
Total 74.7 80.9 155.6 63.0 218.7 60.8 279.5
RAPALA VMC CORPORATION
Jussi Ristimäki
Chief Financial Officer
For further information, please contact:
Jussi Ristimäki, Chief Financial Officer, +358 9 7562 540
Distribution: NASDAQ OMX Helsinki and main media
Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the
global market leader in fishing lures, treble hooks and fishing related knives
and tools. The Group also has a strong global position in other fishing
categories and it is one of the leading distributors of outdoor, hunting and
winter sport products in the Nordic countries. The Group has the largest
distribution network in the industry. The main manufacturing facilities are
located in Finland, France, Estonia, Russia, China, Indonesia and the UK. The
Group brand portfolio includes the leading brand in the industry, Rapala, and
other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson,
Dynamite Baits, Marttiini and Peltonen. The Group, with net sales of EUR 279
million in 2011, employs some 2 000 people in 37 countries. Rapala's share is
listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998.
Stock Exchange Release:
http://hugin.info/120091/R/1603476/506961.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rapala VMC Oyj via Thomson Reuters ONE
[HUG#1603476]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2012 - 02:03 Uhr
Sprache: Deutsch
News-ID 1104229
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Helsinki
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 48 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"2011 COMPARATIVE FIGURES FOR RAPALA'S NEW SEGMENT STRUCTURE
"
steht unter der journalistisch-redaktionellen Verantwortung von
Rapala VMC Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
