Tamfelt Oyj Abp
TAMFELT’S FINANCIAL DATA FROM YEAR 2007 ACCORDING TO THE NEW SEGMENT REPORTING
Tamfelt Oyj Abp / News Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TAMFELT CORP. STOCK EXCHANGE RELEASE April 23, 2008 3.00 pm 1 (3) TAMFELT'S FINANCIAL DATA FROM YEAR 2007 ACCORDING TO THE NEW SEGMENT REPORTING On October 22, 2007, Tamfelt published a stock exchange release concerning the incorporation of the paper machine clothing business (PMC) and the filter fabric business areas by means of a transfer of undertaking. The transfers were completed as planned on January 1, 2008, and the new companies, Tamfelt PMC Corp. and Tamfelt Filtration Corp., are now in operation. Tamfelt Corp. is the parent company of the Group. Tamfelt will publish its Interim Report January-March 2008 on April 24, 2008. Segment information is presented according to the Tamfelt Group's business and geographical segments. The primary segment reporting format is based on business segments. The business segments are based on the Group's internal organization structure and on internal financial reporting. Segment assets and liabilities consist of business-related items, including tangible and intangible assets, inventories, trade and other business-related receivables, and trade and other business-related payables. Consolidated administrative expenses, assets and liabilities and financial items are shown in Other activities. Inter-segment pricing is based on current market price. No significant internal sales are conducted between the segments. The Group's business segments are: Paper and board machine clothing (Tamfelt PMC) Filter fabrics (Tamfelt Filtration) -------------------------------------------------------------------------------- | 2007 Q1 - Q4 | million eur | | | -------------------------------------------------------------------------------- | | Business segments | Other | Consoli- | -------------------------------------------------------------------------------- | | | | activities | dated | -------------------------------------------------------------------------------- | | Tamfelt | Tamfelt | | | | | PMC | Filtration | | | -------------------------------------------------------------------------------- | Income | | | | | -------------------------------------------------------------------------------- | External turnover | 113.7 | 53.8 | | 167.5 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit | | | | | -------------------------------------------------------------------------------- | Operating profit | 21.2 | 7.1 | -2.3 | 25.9 | -------------------------------------------------------------------------------- | Financing items | | | 0.3 | 0.3 | -------------------------------------------------------------------------------- | Taxes | | | -5.4 | -5.4 | -------------------------------------------------------------------------------- | Profit for the period | | | | 20.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other data | | | | | -------------------------------------------------------------------------------- | Segment assets | 114.0 | 39.1 | 12.0 | 165.1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Segment liabilities | 26.0 | 8.0 | 21.5 | 55.5 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investments | 20.7 | 3.0 | 0.7 | 24.5 | -------------------------------------------------------------------------------- | Depreciation and | 7.2 | 2.2 | 0.2 | 9.6 | | impairment | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 2007 Q1 - Q3 | million eur | | | -------------------------------------------------------------------------------- | | Business segments | Other | Consoli- | -------------------------------------------------------------------------------- | | | | activities | dated | -------------------------------------------------------------------------------- | | Tamfelt | Tamfelt | | | | | PMC | Filtration | | | -------------------------------------------------------------------------------- | Income | | | | | -------------------------------------------------------------------------------- | External turnover | 85.1 | 40.5 | | 125.6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit | | | | | -------------------------------------------------------------------------------- | Operating profit | 14.7 | 5.4 | -1.5 | 18.6 | -------------------------------------------------------------------------------- | Financing items | | | -0.1 | -0.1 | -------------------------------------------------------------------------------- | Taxes | | | -4.3 | -4.3 | -------------------------------------------------------------------------------- | Profit for the period | | | | 14.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other data | | | | | -------------------------------------------------------------------------------- | Segment assets | 111.6 | 41.4 | 18.2 | 171.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Segment liabilities | 26.0 | 7.3 | 33.5 | 66.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investments | 15.3 | 2.1 | 0.7 | 18.1 | -------------------------------------------------------------------------------- | Depreciation and | 5.4 | 1.4 | 0.1 | 6.9 | | impairment | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 2007 Q1 - Q2 | million eur | | | -------------------------------------------------------------------------------- | | Business segments | Other | Consoli- | -------------------------------------------------------------------------------- | | | | activities | dated | -------------------------------------------------------------------------------- | | Tamfelt | Tamfelt | | | | | PMC | Filtration | | | -------------------------------------------------------------------------------- | Income | | | | | -------------------------------------------------------------------------------- | External turnover | 57.4 | 27.6 | | 85.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit | | | | | -------------------------------------------------------------------------------- | Operating profit | 9.1 | 3.7 | -1.1 | 11.7 | -------------------------------------------------------------------------------- | Financing items | | | 0.1 | 0.1 | -------------------------------------------------------------------------------- | Taxes | | | -3.0 | -3.0 | -------------------------------------------------------------------------------- | Profit for the period | | | | 8.7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other data | | | | | -------------------------------------------------------------------------------- | Segment assets | 106.4 | 40.0 | 18.5 | 164.9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Segment liabilities | 23.9 | 8.2 | 33.2 | 65.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investments | 9.1 | 1.4 | 0.3 | 10.8 | -------------------------------------------------------------------------------- | Depreciation and | 3.6 | 0.9 | 0.1 | 4.6 | | impairment | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 2007 Q1 | million eur | | | -------------------------------------------------------------------------------- | | Business segments | Other | Consoli- | -------------------------------------------------------------------------------- | | | | activities | dated | -------------------------------------------------------------------------------- | | Tamfelt | Tamfelt | | | | | PMC | Filtration | | | -------------------------------------------------------------------------------- | Income | | | | | -------------------------------------------------------------------------------- | External turnover | 28.4 | 14.2 | | 42.6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit | | | | | -------------------------------------------------------------------------------- | Operating profit | 4.3 | 2.0 | -0.5 | 5.8 | -------------------------------------------------------------------------------- | Financing items | | | 0.1 | 0.1 | -------------------------------------------------------------------------------- | Taxes | | | -1.5 | -1.5 | -------------------------------------------------------------------------------- | Profit for the period | | | | 4.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Other data | | | | | -------------------------------------------------------------------------------- | Segment assets | 107.5 | 39.4 | 16.1 | 163.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Segment liabilities | 26.8 | 7.9 | 33.2 | 67.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investments | 5.0 | 0.7 | 0.2 | 5.9 | -------------------------------------------------------------------------------- | Depreciation and | 1.8 | 0.5 | 0.0 | 2.3 | | impairment | | | | | -------------------------------------------------------------------------------- Tamfelt Corp. Jyrki Nuutila President & CEO For more information: Mr. Kimmo Pärssinen, CFO, tel. +358 40 505 3755. Tamfelt is one of the world's leading suppliers of technical textiles. The company's main products are paper machine clothing and filter fabrics. Tamfelt Group employs about 1,470 persons and its net sales were 167.5 million euros in the year 2007. Founded in 1797, the company is one of the pioneers of Finnish industry. Distribution: Nordic Exchanges Main media www.tamfelt.com 25.04.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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