Raisio plc: Inside information, profit warning: Raisio to lower its 2023 guidance for the Group’s comparable net sales development and further specify its guidance for comparable operating profit

Raisio Plc, Inside information, July 10, 2023 

Raisio has decided to lower its guidance regarding the development of the company’s comparable net sales in 2023. High inflation and rising interest rates have impacted consumer demand in the company’s key markets, resulting in a decrease in volumes of consumer goods in the first six months of 2023. Visibility on market development is currently low, and there are no clear signs of improvement in the market environment for the latter half of 2023.

Due to the changes in the market environment, Raisio expects its comparable net sales in 2023 to remain or be slightly below the previous year’s level. Earlier, the company expected its comparable net sales to increase from the previous year.

Raisio also specifies its guidance for the development of comparable operating profit in 2023. Comparable operating profit is now expected to increase from the previous year to EUR 21‒23 million (EUR 18.4 million in 2022). Earlier, the company estimated that the comparable operating profit would increase from the previous year.

Raisio’s new guidance for 2023:

Raisio is expecting comparable net sales to remain or be slightly below the previous year’s level. Comparable operating profit is expected to increase from the previous year to EUR 21‒23 million (EUR 18.4 million in 2022).

Raisio’s previous guidance for 2023:

Raisio is expecting comparable net sales and operating profit to increase from the previous year.

Raisio will publish its half-year financial report on August 9, 2023. In accordance with its normal practice, the company will hold a webcast on the half-year results on the same day. The participants will have the opportunity to ask questions from the company’s management during the webcast.

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
At Raisio, we make food from the heart, with the aim of bringing health to ourselves and the Earth. We keep creating better plant-based and heart-healthy products so that eating healthily and within the Earth’s ecological capacity can be a pleasure. Our strong brands, such as Benecol®, Härkis® and Elovena®, turn our ambitions into reality. Through our responsibility work, we make the hard choices for consumers, so that they can choose Raisio products with confidence. We have around 350 healthy food colleagues in six countries and export to more than 40 markets around the world. Raisio's shares are listed on Nasdaq Helsinki Ltd. In 2022, the Group’s comparable net sales for continuing operations were approximately EUR 221 million and the comparable EBIT was approximately EUR 18 million. www.raisio.com