Raisio to recognise an impairment loss of over EUR 8 million in its 2018 financial statements

Raisio plc, Stock Exchange Release, 13 December 2018

RAISIO TO RECOGNISE AN IMPAIRMENT LOSS OF OVER EUR 8 MILLION IN ITS 2018 FINANCIAL STATEMENTS

Raisio plc has updated the calculations of goodwill and brand values as well as the fair values of its balance sheet items. They will result in the recognition of impairment loss of over EUR 8 million (GBP 7.7 million) in the 2018 Financial Statements related to the brand value of Honey Monster. The impairment has no impact on cash flow.

The Honey Monster brand is not in line with the company’s new strategy focused on healthy food and involves no significant revenue expectations. Raisio has licensed the Honey Monster brand in the UK since 2016, and the company sells similar products in Sweden and Denmark.

Raisio will publish its 2018 Financial Statements on 12 February 2019.

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.

Distribution
Nasdaq
Key media
www.raisio.com