Raisio raises its EBIT estimate for 2011

Raisio plc, Stock Exchange Release, 20 December 2011

RAISIO RAISES ITS EBIT ESTIMATE FOR 2011

Raisio plc adjusts its February 2011 released guidance, which has been carried forward unchanged in the Interim Reports.

The adjustment of 2011 guidance is based on the growth completed by the Group during the growth phase and on the good profitability development of branded operations acquired in Great Britain. During the end of 2011, the Group does not expect to implement other growth projects whose expenses would place a significant burden on EBIT.

Adjusted guidance for 2011:

Raisio’s net sales from continuing operations for 2011 are estimated to amount to EUR 550-560 million. EBIT is expected to be well above 5% of net sales, but likely to remain below 6%.

Previous guidance repeated in the Interim Report for January-September on 8 November 2011:

Raisio continues implementing its growth phase according to plan. We expect net sales growth for 2011, especially for the Brands Division. In terms of the Group’s development, it remains essential to pay attention to the impact of raw material price volatility on net sales. Activeness in growth projects brings extensive costs in relation to the company size, thus undermining profitability in the short term. The Group’s target is to maintain the earlier profitability level of 4-5% also during the growth phase.

Raisio’s Financial Statements for 2011 will be published on 14 February 2012.

RAISIO PLC

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

Further information:
Matti Rihko, CEO, tel. +358 400 830 727