Raisio continue delivering good results

Raisio plc       Financial Statements Review 14 February 2012 at 10 Finnish time

RAISIO CONTINUE DELIVERING GOOD RESULTS

January-December 2011:

• Raisio’s net sales increased +31%. The Group’s net sales from continuing operations totalled EUR 552.6 million (EUR 423.6 million in 2010).
• EBIT increased +66%. EBIT excluding one-off items was EUR 31.8 million (EUR 19.2 million) accounting for 5.8% (4.5%) of net sales.
• Good profitability for the Brands Division. EBIT was 9.9% of net sales.
• Simpli OatShake was awarded as the Best Smoothie of 2011 by the US beverage industry. Simpli OatShake was the second ever European winner.
• Raisioagro’s profitability improved. EBIT was EUR 2.9 million. Our target of EUR 10 million is expected to be achieved in the next few years.
• Cash flow from operations was EUR 50.0 million (EUR 23.0 million).
• After the acquisition of Big Bear Group, Raisio was again a net debt free company in the third quarter of 2011.
• Return on investment excluding one-off items rose to over 8%.
• Earnings per share for continuing operations were EUR 0.16 (EUR 0.08) and, including one-off items, EUR 0.14.
• The Board of Directors proposes a dividend of EUR 0.11 (EUR 0.10) per share.

Key figures

* Excluding one-off items
** Board of Directors’ proposal to the Annual General Meeting
*** Including acquisitions
**** Excluding the company shares held by the Group

Figures for the comparison period are given in brackets.

The financial statements review has not been audited.

Chief Executive’s review of 2011

“Over the last five years, Raisio has undergone a major transformation successfully. The loss-making company has grown into the most profitable and international listed food company in Finland. Raisio has shown stable improvement in results although our operating environment has been changing. I think this steady improvement in the constantly changing environment shows that we have chosen the right path and been able to implement our strategy successfully. EBIT percentage of net sales measuring profitability of our Brands Division bears comparison even with large multinational food companies.

During our growth phase, we have acquired two companies in the UK. With these acquisitions, we have gained a solid foothold in the UK breakfast and snack product market. Despite the completed acquisitions, Raisio is again a net debt free company and has been able to maintain a strong cash flow also during the growth phase.

Raisio emphasises the significance of strong brands as growth enablers. Last year, a major change was carried out in our feed and grain trade operations. With this change, our operations are adapted to the future market situation. With operations streamlining, we aim to create added value for customers by, e.g., providing them with a wider range of products and by making their everyday lives easier with competitive and logistically effective activities. Groundwork for the change was started already in 2011 and now we continue with a new brand – Raisioagro.

It is also time to look ahead. The green economy is growing into serious business and will also be the next opportunity for Finnish national economy. Bioeconomy is an opportunity for us too; Raisio has already years been a forerunner in ecology and an active developer of Finnish food chain. The green economy provides ample opportunities for innovation. Raisio is one of the key Finnish operators that has already created profitable business in this field - and this is just the beginning.”

Outlook 2012

Raisio continues the implementation of its growth strategy both organically and through acquisitions. We expect EBIT to improve further annually.

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
Tel. +358 50 567 3060

Further information:
Matti Rihko, CEO, tel. +358 400 830 727
Jyrki Paappa, CFO, tel +358 50 556 6512
Heidi Hirvonen, Communications and IR Manager, tel. +358 50 567 3060

Events related to the financial statements publication on 14 February 2012

• Event in Finnish for analysts and media will be arranged in Helsinki starting at 2.00 p.m. Finnish time. It will be held at Hotel Scandic Simonkenttä. The address is Simonkatu 9, Helsinki
• A teleconference in English will start at 3.30 p.m. Finnish time. The participants are requested to call 5-10 minutes before the start of the conference as it takes a moment to log in. The number is +358 9 824 88710. PIN code is 9177.

Release dates of Raisio’s financial reviews in 2012

• Raisio’s Annual Report 2011 will be released online during the week 11 at http://vuosikertomus2011.raisio.com/. Corporate responsibility report is part of online Annual Report.
• The Annual General Meeting will be held on 29 March 2012.
• Interim Report for January-March will be published on 8 May 2012.
• Interim Report for January-June will be published on 14 August 2012.
• Interim Report for January-September will be published on 6 November 2012.