2 Operating segments

Lemminkäinen's business operations were organised into five business segments on 1 January 2014. On 30 July 2014 Lemminkäinen announced that it will renew its organisational and reporting structure with its updated strategy. As of 1 August 2014 Lemminkäinen Group’s business operations are organised into three business segments: Infrastructure construction; Building construction, Finland and Russian operations. Income statement items in segment reporting comply with the consolidated financial statement’s accounting principles. Segments' assets include fixed assets, inventories as well as trade and other receivables.

Infrastructure construction

Infrastructure construction contains paving and mineral aggregates, earthworks and construction of transport infrastructure as well as foundation, civil and rock engineering in Finland, Sweden, Norway, Denmark and the Baltic countries. In addition, building construction in Sweden and items related to telecommunication network business are reported as part of the Infrastructure construction business segment.

Building construction, Finland

Building construction covers residential construction, commercial and office construction, industrial construction, property development, facility management, public-private partnership projects and renovation services in Finland.

Russian operations

In Russia, the company acts as a building constructor as well as an infrastructure constructor. The company concentrates on residential development mainly in St Petersburg as well as in paving and special surfaces.

Unallocated items

Unallocated items of other operations on the consolidated income statement include expenses that are not allocated to the operating segments. Unallocated assets of other operations include mainly financial assets.

Operating segments

1 Jan–31 Dec 2014
EUR 1,000
Infrastructure construction Building construction, Finland Russian operations Other operations Eliminations Group total, IFRS
Net sales 1,338,984 538,957 196,126 26,847 -56,432 2,044,482
Depreciation and impairment 36,605 259 1,884 5,686
44,434
Operating profit 37,980 9,339 19,749 -30,813
36,255

1 Jan–31 Dec 2013
EUR 1,000
Infrastructure construction Building construction, Finland Russian operations Other operations Eliminations Group total, IFRS
Net sales 1,279,165 592,903 164,488 35,875 -52,304 2,020,127
Depreciation and impairment 36,928 348 1,715 5,651
44,642
Operating profit -13,162 5,003 -337 -80,820
-89,316








EUR 1,000
31 Dec 2014 31 Dec 2013
Assets by operating segment

        Infrastructure construction 465,744 533,956
        Building construction, Finland 472,197 454,619
        Russian operations 101,770 152,172
        Other operations 42,988 47,835
        Segments, total 1,082,699 1,188,582
        Technical building services
61,766
        Assets not allocated to segments and Group eliminations, total 175,078 92,306
Group total, IFRS 1,257,777 1,342,654








 
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