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2017-11-08 07:30:00 CET 2017-11-08 07:30:03 CET REGULATED INFORMATION Raisio - Interim report (Q1 and Q3)Raisio plc Interim Report 1-9/2017: Raisio’s net sales increased by almost 6% in July-SeptemberRaisio plc Interim Report 8 November 2017 at 8:30 a.m. Finnish time RAISIO’S NET SALES INCREASED BY ALMOST 6% IN JULY-SEPTEMBER July-September 2017
January-September 2017
CEO’s review “Raisio Group’s third-quarter net sales were almost six per cent up from the comparison period. Net sales were driven by Benecol and fish feed business. This year’s now ending farming season was one of the best ever in Raisioagro’s fish feed business. Benecol’s growth was boosted by the good sales development of consumer products in Finland and increased deliveries of plant stanol ester to licensing partners especially in Asia. In addition, the higher world market prices in sterols, Benecol product raw materials, and the currency impact of the weakening British pound were offset by price increases. Raisio’s EUR 13.0 million EBIT was a reasonable performance in a situation where the UK’s confectionery business profitability continued to weaken. Raisio will continue to work resolutely to address the operational and commercial challenges at the Leicester confectionery plant. This will, however, take clearly longer than expected. The Healthy Food and Czech confectionery businesses continued their good performance. EBIT for both Benecol and Raisioagro improved with increased net sales. Raisio is again a net debt free company with a strong cash flow. The company seeks growth especially for its Benecol and Healthy Food businesses with good profitability. Raisio's agile product and brand development, and expansion to new markets and product categories enable organic growth. Raisio will also grow through acquisitions”. Raisio Group’s key figures
OUTLOOK FOR 2017 Raisio revised its 2017 outlook in the stock exchange release published on 21 July 2017. For the full year 2017, the company estimates its comparable EBIT to be approximately EUR 45 million. The outlook revision was due to the prolonged operational and commercial problems at the UK confectionery business, lower than expected profitability and weakening of the pound against the euro. Exchange rates will continue to significantly affect Raisio’s net sales and EBIT. In line with the renewed strategy, Raisio continues to invest in brands, product concepts, sales and marketing, to streamline its operations and expand into new markets in Europe. This will pave the way for future growth and success. RAISIO PLC
Heidi Hirvonen
Further information: Raisio will publish the Financial Statement Bulletin on 12 February 2018. The interim report has not been audited.
Raisio plc Raisio is an international food and feed company focusing on wellbeing and profitable growth. The core of Raisio’s strategy consists of plant-based, healthy and responsible branded products. Benecol is an international success story in cholesterol lowering. Our well-known local brands include Elovena, Nordic, Fox’s and Pedro as well as cattle feed Maituri and Baltic Blend fish feeds. We promote sustainable food chain and develop innovations to enhance wellbeing. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2016, the Group's net sales totalled EUR 436 million and comparable EBIT was EUR 50.7 million. The Group employs some 1,400 people. For more information on Raisio go to www.raisio.com/en
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