Raisio reinitiates its financial guidelines for 2022
Stock Exchange Release, 15 June 2022
Raisio withdrew its financial guidelines for 2022 on 3 March 2022, when Russia’s war of aggression in Ukraine suspended all export activities to Russia. Raisio notified on 29 April 2022 that it intended to sell its consumer business in Russia, and on 13 May 2022 that the transaction had been made, registered and completed.
On 31 May 2022, Raisio announced the initiation of active measures to sell Raisioaqua Oy as well and that Raisioaqua would be reported as operations held for sale in connection with reporting for the second quarter of 2022.
Due to these measures and the subsequent changes to the company’s reporting, the comparable net sales for Raisio’s continuing operations in 2021 was EUR 200 million with an EBIT of EUR 21.3 million.
In its meeting on 15 June 2022, the Board of Raisio plc decided to issue new financial guidelines for 2022, since the outlook for the end of the year has now been clarified.
New guidelines for 2022:
Raisio anticipates that the net sales for its continuing operations in 2022 will be between EUR 220–230 million with a comparable EBIT of around EUR 17–20 million. The fluctuation margin reflects uncertainty regarding future demand and the price development of raw materials.
Raisio, Finland, 15 June 2022
Raisio plc
Board of Directors
Further information:
Pekka Kuusniemi, CEO, tel. +358 50 537 3883
Mika Saarinen, CFO, tel. +358 40 072 6808
RAISIO PLC
Raisio’s purpose is to make food which is good for Health, Heart and Earth. Our growth drivers and focus areas are Benecol® and plant stanol ester solutions, plant based foods, branded oat products for consumers and oat as raw material for industry. Our strong brands include for example, Benecol®, Beanit®, Elovena®, Sunnuntai®, Torino® and Benella®. In our products the focus is on well-being, health, good taste and responsibility. Raisio's values − courage, fairness and drive − guide us towards our targets. Raisio’s shares are listed on Nasdaq Helsinki Ltd. In 2021, the Group’s net sales totaled EUR 246 million and comparable EBIT was EUR 22 million. Raisio employs about 400 people. www.raisio.com.