RAISIO TO DOWNGRADE ITS FORECAST FOR THE OPERATING RESULT
Raisio plc Stock Exchange Release 15 September 2006 at 9.30 a.m. Finnish time
RAISIO TO DOWNGRADE ITS FORECAST FOR THE OPERATING RESULT
The reported result of the year including one-off items to exceed the previous
year's result
The current year result development is estimated to be weaker than expected in
Raisio's food businesses in Finland, Sweden and Russia as well as in food
diagnostics. The forecast of these businesses for the rest of the year has been
downgraded due to the decreased sales estimates and the costs related to the
ongoing rationalization measures. In addition, the strategic evaluation of the
diagnostics business is in preparation.
Raisio will book a one-off income of EUR 3.6 million in discontinued operations
result from a compensation of a claim related to the divested chemicals business.
The compensation is based on the explosion damage caused to Raisio Chemicals'
Toulouse plant.
At the group level, the operating result excluding one-off items is expected to
be clearly lower than the operating result of the previous year excluding one-off
items (EUR 9.1 million). However, the full-year result including one-off items is
estimated to be higher than in the previous year (EUR -5.4 million).
RAISIO PLC
Taru Narvanmaa
Executive Vice President, Communications and Investor Relations
tel. +358 2 443 2240 or +358 50 590 9398
Further information:
CEO Rabbe Klemets, tel. +358 2 443 2220 or +358 400 821 614
Distribution:
Helsinki Exchanges
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www.raisio.com