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- 3/5/2014
Comparison figures for 2013, according to Lemminkäinen's new segment division
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 5 MARCH 2014 AT 9:00 A.M. COMPARISON FIGURES FOR 2013, ACCORDING TO LEMMINKÄINEN'S NEW SEGMENT DIVISION Lemminkäinen published its new strategy for 2014 - 2018 in October 2013 and announced that it will renew its reporting structure. Until the end of 2013, Lemminkäinen's business was organised in four business segments: International Operations, Building Construction, Infrastructure Construction and Technical Building Services. Bas
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 5 MARCH 2014 AT 9:00 A.M.
COMPARISON FIGURES FOR 2013, ACCORDING TO LEMMINKÄINEN'S NEW SEGMENT DIVISION
Lemminkäinen published its new strategy for 2014 - 2018 in October 2013 and announced that it will renew its reporting structure. Until the end of 2013, Lemminkäinen's business was organised in four business segments: International Operations, Building Construction, Infrastructure Construction and Technical Building Services.
Based on the new strategy, Lemminkäinen will focus on insightful infrastructure solutions and Russia. The renewal will increase the transparency of reporting regarding Scandinavia and Russia. Project exports, which was previously reported in International Operations figures will we reported under the Finland and the Baltic countries, Infrastructure construction business segment.
From the beginning of 2014, Lemminkäinen's business operations are organised into five business segments:
- Finland, Building construction
- Finland and the Baltic countries, Infrastructure construction
- Finland, Technical building services
- Russia
- Scandinavia
In 2013, Lemminkäinen did not have any discontinued operations. Therefore, the income statement segment figures equal to the Company's IFRS figures. Scandinavia segment's 2013 figures include telecommunication business' Asian and American operations which were divested in 2013.
Comparison figures for 2013, based on the new segment division, are presented in the following tables:
| NET SALES, EUR million |
1-12/ 2013 |
1-9/ 2013 |
1-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 592.9 | 388.7 | 239.5 | 123.1 |
| Finland and the Baltic countries, Infrastructure construction | 687.3 | 495.1 | 212.5 | 56.3 |
| Finland, Technical building services | 221.9 | 153.0 | 98.4 | 43.9 |
| Russia | 164.5 | 123.6 | 59.3 | 19.2 |
| Scandinavia | 611.9 | 454.9 | 235.6 | 71.4 |
| Other operations and Group eliminations | -60.4 | -36.5 | -17.7 | -7.5 |
| Group total, IFRS | 2,218.2 | 1,578.7 | 827.6 | 306.4 |
|
DEPRECIATION AND IMPAIRMENT, EUR million |
1-12/ 2013 |
1-9/ 2013 |
1-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 0.3 | 0.3 | 0.2 | 0.1 |
| Finland and the Baltic countries, Infrastructure construction | 22.9 | 17.3 | 8.9 | 2.9 |
| Finland, Technical building services | 0.7 | 0.6 | 0.4 | 0.2 |
| Russia | 1.7 | 1.2 | 0.7 | 0.3 |
| Scandinavia | 14.0 | 10.8 | 5.6 | 1.4 |
| Other operations | 5.7 | 4.2 | 2.8 | 0.9 |
| Group total, IFRS | 45.3 | 34.3 | 18.6 | 5.8 |
| OPERATING PROFIT, EUR million |
1-12/ 2013 |
1-9/ 2013 |
1-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 5.0 | 9.6 | 2.1 | 4.1 |
| Finland and the Baltic countries, Infrastructure construction | 16.3 | 21.1 | -8.6 | -12.8 |
| Finland, Technical building services | -1.6 | -2.6 | -1.9 | -1.4 |
| Russia | -0.3 | 2.4 | -3.1 | -3.6 |
| Scandinavia | -29.4 | -8.2 | -27.0 | -20.8 |
| Other operations | -80.8 | -11.1 | -12.2 | -3.7 |
| Group total, IFRS | -90.9 | 11.2 | -50.7 | -38.2 |
The Group's 1-12/2013 operating profit includes EUR 20.1 million write-downs, of which are divided as follows:
- EUR 14.1 million to Building construction segment in Finland
- EUR 3.0 million to Infrastructure construction segment in Finland and the Baltics
- EUR 0.3 million to Technical building services segment in Finland
- EUR 2.7 million to Scandinavia segment.
The Group's operating profit 1-12/2013 includes expenses from damages ordered by the District Court totaling EUR 65.6 million, which is subject to other operations.
The Group's operating profit 1-12/2013 without the mentioned write-downs and damages is EUR -5.2 million.
| OPERATING MARGIN, % |
1-12/ 2013 |
1-9/ 2013 |
1-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 0.8 | 2.5 | 0.9 | 3.3 |
| Finland and the Baltic countries, Infrastructure construction | 2.4 | 4.3 | -4.0 | -22.7 |
| Finland, Technical building services | -0.7 | -1.7 | -1.9 | -3.2 |
| Russia | -0.2 | 1.9 | -5.2 | -18.8 |
| Scandinavia | -4.8 | -1.8 | -11.5 | -29.1 |
| Group total, IFRS | -4.1 | 0.7 | -6.1 | -12.5 |
The Group operating profit margin 1-12/2013 without the mentioned write-downs and damages is -0,2%.
| NET SALES, QUARTERLY, EUR million |
10-12/ 2013 |
7-9/ 2013 |
4-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 204.2 | 149.2 | 116.4 | 123.1 |
| Finland and the Baltic countries, Infrastructure construction | 192.2 | 282.6 | 156.2 | 56.3 |
| Finland, Technical building services | 68.9 | 54.6 | 54.5 | 43.9 |
| Russia | 40.9 | 64.3 | 40.1 | 19.2 |
| Scandinavia | 157.0 | 219.3 | 164.2 | 71.4 |
| Other operations and Group eliminations | -23.9 | -18.8 | -10.2 | -7.5 |
| Group total, IFRS | 639.5 | 751.0 | 521.2 | 306.4 |
| DEPRECIATION AND IMPAIRMENT, QUARTERLY, EUR million |
10-12/ 2013 |
7-9/ 2013 |
4-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | 0.0 | 0.1 | 0.1 | 0.1 |
| Finland and the Baltic countries, Infrastructure construction | 5.6 | 8.4 | 6.0 | 2.9 |
| Finland, Technical building services | 0.1 | 0.2 | 0.2 | 0.2 |
| Russia | 0.5 | 0.5 | 0.4 | 0.3 |
| Scandinavia | 3.2 | 5.2 | 4.2 | 1.4 |
| Other operations | 1.5 | 1.4 | 1.9 | 0.9 |
| Group total, IFRS | 11.0 | 15.7 | 12.8 | 5.8 |
|
OPERATING PROFIT, QUARTERLY, EUR million |
10-12/ 2013 |
7-9/ 2013 |
4-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | -4.6 | 7.5 | -2.0 | 4.1 |
| Finland and the Baltic countries, Infrastructure construction | -4.8 | 29.7 | 4.2 | -12.8 |
| Finland, Technical building services | 1.0 | -0.7 | -0.5 | -1.4 |
| Russia | -2.7 | 5.5 | 0.5 | -3.6 |
| Scandinavia | -21.2 | 18.8 | -6.2 | -20.8 |
| Other operations | -69.7 | 1.1 | -8.5 | -3.7 |
| Group total, IFRS | -102.0 | 61.8 | -12.4 | -38.2 |
The Group's 10-12/2013 operating profit includes EUR 20.1 million write-downs, of which are divided as follows:
- EUR 14.1 million to Building construction segment in Finland
- EUR 3.0 million to Infrastructure construction segment in Finland and the Baltics
- EUR 0.3 million to Technical building services segment in Finland
- EUR 2.7 million to Scandinavia segment.
The Group's operating profit 10-12/2013 includes expenses from damages ordered by the District Court totaling EUR 65.6 million, which is subject to other operations.
The Group's operating profit 10-12/2013 without the mentioned write-downs and damages is EUR -16.3 million.
| OPERATING MARGIN, QUARTERLY, % |
10-12/ 2013 |
7-9/ 2013 |
4-6/ 2013 |
1-3/ 2013 |
| Finland, Building construction | -2.3 | 5.0 | -1.7 | 3.3 |
| Finland and the Baltic countries, Infrastructure construction | -2.5 | 10.5 | 2.7 | -22.7 |
| Finland, Technical building services | 1.5 | -1.3 | -0.9 | -3.2 |
| Russia | -6.6 | 8.6 | 1.2 | -18.8 |
| Scandinavia | -13.5 | 8.6 | -3.8 | -29.1 |
| Group total, IFRS | -16.0 | 8.2 | -2.4 | -12.5 |
The Group operating profit margin 10-12/2013 without the mentioned write-downs and damages
is -2.5%.
| ASSETS, EUR million | 12/2013 | 9/2013 | 6/2013 | 3/2013 |
| Finland, Building construction | 454.6 | 516.4 | 494.5 | 425.0 |
| Finland and the Baltic countries, Infrastructure construction | 249.7 | 308.0 | 296.5 | 241.6 |
| Finland, Technical building services | 61.8 | 58.5 | 56.9 | 56.4 |
| Russia | 152.2 | 142.9 | 117.3 | 111.3 |
| Scandinavia | 284.2 | 309.3 | 307.1 | 260.8 |
| Other operations | 47.8 | 44.6 | 50.5 | 45.7 |
| Segments total | 1,250.3 | 1,379.7 | 1,322.8 | 1,140.8 |
| Assets unallocated to segments and Group eliminations, total | 92.4 | 253.2 | 139.0 | 146.4 |
| Group total, IFRS | 1,342.7 | 1,632.9 | 1,461.8 | 1,287.2 |
| ORDER BOOK, EUR million | 12/2013 | 9/2013 | 6/2013 | 3/2013 |
| Finland, Building construction | 544.3 | 661.4 | 667.8 | 608.6 |
| Finland and the Baltic countries, Infrastructure construction | 510.0 | 415.0 | 413.4 | 386.3 |
| Finland, Technical building services | 88.1 | 113.3 | 111.6 | 95.9 |
| Russia | 322.2 | 383.0 | 353.8 | 156.0 |
| Scandinavia | 356.7 | 420.7 | 538.5 | 379.4 |
| Group total | 1,821.3 | 1,993.4 | 2,085.1 | 1,626.2 |
| - of which unsold | 346.5 | 412.6 | 460.0 | 201.7 |
| PERSONNEL ON AVERAGE, persons | 12/2013 | 9/2013 | 6/2013 | 3/2013 |
| Finland, Building construction | 1,391 | 1,430 | 1,445 | 1,395 |
| Finland and the Baltic countries, Infrastructure construction | 2,351 | 2,366 | 2,135 | 1,751 |
| Finland, Technical building services | 1,658 | 1,669 | 1,638 | 1,582 |
| Russia | 751 | 751 | 742 | 725 |
| Scandinavia | 1,369 | 1,374 | 1,354 | 1,352 |
| Parent company | 303 | 309 | 307 | 301 |
| Group total | 7,823 | 7,899 | 7,620 | 7,107 |
LEMMINKÄINEN CORPORATION
Corporate Communications
ADDITIONAL INFORMATION:
Katri Sundström
Vice President, Investor Relations
Tel. +358 2071 54813
katri.sundstrom@lemminkainen.com
DISTRIBUTION:
NASDAQ OMX Helsinki
key media
www.lemminkainen.com
Together with our customers we create conditions that make living, working and travelling functional, safe and healthy. We operate in Northern Europe and employ about 7,800 experts. In 2013, our net sales were about EUR 2.2 billion. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com