Raisio plc: Raisio to lower its 2018 guidance for the Group's net sales development
Raisio plc, Stock Exchange Release, 26 April 2018
RAISIO TO LOWER ITS 2018 GUIDANCE FOR THE GROUP'S NET SALES DEVELOPMENT
The Raisio Group’s Board of Directors has reassessed its February 2018 full-year outlook related to net sales. As a result of the development of early 2018 and forecast year-end net sales, the Group’s net sales are estimated to be approximately at the 2017 level. In February 2018, Raisio expected its net sales to slightly grow from 2017.
In terms of EBIT, the full-year outlook remains unchanged.
Raisio's new outlook for 2018
Raisio expects the net sales of the Group’s continuing operations to be approximately at the 2017 level. The company estimates that the comparable EBIT for the Group’s continuing operations is over 10 per cent of net sales. Exchange rates will continue to significantly affect Raisio’s net sales and EBIT.
In addition to foods and feeds, Raisio’s net sales consist of exports of raw materials, such as grains. Raisio has identified the concerns and initiated corrective measures in the markets where the net sales development did not meet the expectations in early 2018.
Raisio’s key strategic target is to grow its Healthy Food business both organically and through acquisitions. With its structural reforms completed, Raisio has targeted all the resources to support the medium-term organic growth of the new Healthy Food Division. Raisio also seeks growth through acquisitions. The company is net debt free and has a strong balance sheet, which allows acquisitions that suit the company’s core business.
Raisio’s outlook on 12 February 2018
Raisio estimates the net sales of the Group's continuing operations to slightly increase from 2017. The company estimates the comparable EBIT of the Group's continuing operations account for more than 10 per cent of net sales. Exchange rates will continue to significantly affect Raisio’s net sales and EBIT.
Raisio’s key strategic target is to grow its Healthy Food business both organically and through acquisitions. To ensure Raisio’s organic growth, the company will move from a holding-type structure to a model in which all resources are targeted toward supporting the strategic objectives of the new Healthy Food Division. Raisio will also seek growth through acquisitions that suit its core business. Raisio is net debt free and has a strong balance sheet, which makes acquisitions supporting its core business possible.
RAISIO PLC
Board of Directors
Further information:
Pekka Kuusniemi, CEO, tel. +358 50 537 3883
Antti Elevuori, CFO, tel. +358 40 560 4148
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 307 million and comparable EBIT was EUR 38 million. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.
Distribution
Nasdaq
Key media
www.raisio.com