Raisio lowers its outlook on 2018 EBIT

Raisio plc, Stock Exchange Release, 13 December 2018

RAISIO LOWERS ITS OUTLOOK ON 2018 EBIT

Raisio lowers its outlook on 2018 comparable EBIT for continuing operations, expecting it to be some 11 per cent of net sales.

The EBIT decline was primarily due to the exceptionally strong changes in the prices of Raisio's main raw materials. Long-term contracts particularly with industrial customers have slowed down the passing of increased raw material costs on to product prices.

It should also be noted that due to the import ban on fish feeds, imposed on 4 August 2018 and lifted on 6 December 2018 by Russian authorities, Raisioaqua has not been able to deliver fish feeds to its Russian customers from the beginning of August. Already between July and September 2018, the impact of interrupted exports on Raisioaqua’s EBIT was EUR -1.8 million compared with the comparison period.

RAISIO’S PREVIOUS OUTLOOK 8 AUGUST 2018

Raisio expects net sales of the Group’s continuing operations to total some EUR 230 million in 2018. The company estimates that the comparable EBIT for the Group’s continuing operations is some 12 per cent of net sales.

Exchange rates will continue to significantly affect Raisio’s net sales and EBIT. In addition to foods and fish feed sales, Raisio’s net sales for continuing operations consist of grain trade.

RAISIO PLC

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

Further information:
Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883

Raisio plc

Raisio is an international company specialised in healthy, responsibly produced food. Our well-known brands include, for example, Benecol, Elovena, Nalle and Sunnuntai. In Raisio’s products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2017, the Group’s net sales for continuing operations totalled EUR 235 million and comparable EBIT was EUR 36 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

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Nasdaq
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www.raisio.com