Raisio revises 2017 outlook
21 Jul 2017 --- Raisio plc revises its outlook for 2017 and expects its comparable EBIT to total approximately €45 million (US$52.4 million).
The outlook is revised due to prolonged production and commercial challenges of the UK confectionery business, lower than estimated profitability and the weakening of the pound against the euro. Work to solve the production and commercial challenges is underway.
In the outlook reported in February 2017, Raisio expected its 2017 comparable EBIT to remain slightly lower than that of 2016. In addition, the company said that exchange rates continue to have a significant impact on the Group's net sales and EBIT. Raisio’s comparable EBIT for the financial year 2016 totalled €50.7 million (US$59 million).
As defined in its renewed strategy, Raisio continues to invest in brands, product concepts, sales and marketing, and to enhance its operations as well as expand into new markets in Europe. This will create a basis for growth and success in the coming years.
