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Lemminkäinen Group 2015 comparison data for the updated segment structure

LEMMINKÄINEN CORPORATION  STOCK EXCHANGE RELEASE  18 MARCH 2016 AT 9:00 A.M.

LEMMINKÄINEN GROUP 2015 COMPARISON DATA FOR THE UPDATED SEGMENT STRUCTURE

Lemminkäinen changed its reporting structure on 1 January 2016. Along with the strategy review, the Paving segment’s project-type business operations in Finland, such as earthworks, was transferred to the Infra projects segment.

The reportable business segments remain unchanged: Paving; Infra projects; Building construction, Finland; and Russian operations. The comparative figures have changed only in the Paving and Infra projects business segments. The Group parent company, and other operations and assets unallocated to the segments are reported as part of the Group’s other operations.

The tables below present adjusted comparable figures for 2015 according to the new segment division. The interim report for January–March 2016 will be published on 28 April 2016 according to the new structure.

1-12/
2015
1-9/
2015
1-6/
2015
1-3/
2015
Net sales, Group, EUR million 1,879.0 1,350.5 781.8 289.6
Paving 796.2 615.4 295.9 56.2
Infra projects 341.4 242.2 151.9 67.1
Building construction, Finland 537.8 361.7 258.3 131.3
Russian operations 136.7 66.8 36.0 18.6
Other operations 106.1 99.3 65.8 22.3
Group eliminations -39.2 -34.8 -26.1 -5.9
Depreciation and impairment, Group, EUR million 38.4 28.8 15.8 5.2
Paving 24.6 18.8 9.2 2.1
Infra projects 6.2 4.7 3.1 1.6
Building construction, Finland 0.2 0.2 0.1 0.1
Russian operations 1.5 1.1 0.7 0.3
Other operations 6.0 4.0 2.7 1.1
Operating profit, Group, EUR million 37.3 18.4 -2.4 -18.1
Paving 19.8 22.6 -9.7 -24.7
Infra projects 8.9 5.8 3.1 -1.5
Building construction, Finland 12.9 1.5 3.8 7.3
Russian operations 2.9 -8.1 2.5 1.1
Other operations -7.2 -3.5 -2.1 -0.3
Operating margin, Group, % 2.0 1.4 -0.3 -6.2
Paving 2.5 3.7 -3.3 -43.9
Infra projects 2.6 2.4 2.0 -2.2
Building construction, Finland 2.4 0.4 1.5 5.5
Russian operations 2.1 -12.1 7.0 6.0
10-12/
2015
7-9/
2015
4-6/
2015
1-3/
2015
Net sales, Group, EUR million 528.5 568.8 492.1 289.6
Paving 180.8 319.5 239.7 56.2
Infra projects 99.2 90.4 84.8 67.1
Building construction, Finland 176.1 103.4 127.0 131.3
Russian operations 70.0 30.7 17.4 18.6
Other operations 6.8 33.5 43.5 22.3
Group eliminations -4.4 -8.7 -20.2 -5.9
Depreciation and impairment, Group, EUR million 9.6 13.0 10.6 5.2
Paving 5.8 9.6 7.1 2.1
Infra projects 1.5 1.6 1.5 1.6
Building construction, Finland 0.1 0.0 0.1 0.1
Russian operations 0.3 0.4 0.4 0.3
Other operations 2.0 1.4 1.5 1.1
Operating profit, Group, EUR million 18.9 20.9 15.6 -18.1
Paving -2.8 32.4 15.0 -24.7
Infra projects 3.1 2.8 4.6 -1.5
Building construction, Finland 11.4 -2.3 -3.4 7.3
Russian operations 10.9 -10.6 1.4 1.1
Other operations -3.7 -1.3 -1.9 -0.3
Operating margin, Group, % 3.6 3.7 3.2 -6.2
Paving -1.6 10.1 6.2 -43.9
Infra projects 3.1 3.0 5.4 -2.2
Building construction, Finland 6.5 -2.2 -2.7 5.5
Russian operations 15.6 -34.5 8.1 6.0
Operating capital, EUR million 12/2015 9/2015 6/2015 3/2015
Paving 227.6 252.2 250.2 251.2
Infra projects 4.8 -9.2 -6.5 -3.8
Building construction, Finland 274.8 272.0 289.6 276.9
Russian operations 35.0 32.2 59.4 62.2
Other operations 8.6 9.4 30.7 36.7
Total 550.8 556.7 623.3 623.2
Items unallocated to segments -76.0 -70.6 -76.4 -68.8
Group total 474.8 486.1 547.0 554.4
Order book, EUR million 12/2015 9/2015 6/2015 3/2015
Paving 180.3 252.5 422.7 461.8
Infra projects 232.5 308.1 296.9 298.2
Building construction, Finland 760.6 633.0 689.4 669.0
Russian operations 7.0 74.9 90.4 79.6
Other operations 167.7 108.8
Group total 1,180.3 1,268.5 1,667.1 1,617.3
- of which unsold 156.1 148.0 131.9 148.9
Personnel at the end of period, persons 12/2015 9/2015 6/2015 3/2015
Paving 2,010 3,037 3,193 1,944
Infra projects 577 611 622 503
Building construction, Finland 947 958 1,054 987
Russian operations 405 464 498 580
Parent company and others 120 127 380 364
Group total 4,059 5,197 5,747 4,378

LEMMINKÄINEN CORPORATION
Corporate Communications

ADDITIONAL INFORMATION:
Ilkka Salonen, CFO
Tel. +358 2071 53304
ilkka.salonen@lemminkainen.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
www.lemminkainen.com

Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and 4,800 professionals we employ, we build a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on Nasdaq Helsinki Ltd. www.lemminkainen.com