Brief: Raisio Q3 EBIT Down At EUR 9.8 Mln

Raisio Oyj

04/11/2020 06:36

Nov 4 (Reuters) - Raisio Oyj  RAIVV.HE :
    * RAISIO PLC'S INTERIM REPORT JANUARY-SEPTEMBER 2020
    * Q3 NET SALES EUR 65.1 MILLION VERSUS EUR 69.2 MILLION YEAR
AGO
    * Q3 EBIT EUR 9.8 MILLION VERSUS EUR 10.7 MILLION YEAR AGO
    * NEW GUIDANCE: IN 2020, RAISIO EXPECTS ITS NET SALES FOR
CONTINUING OPERATIONS TO FALL CA. -3% (NET SALES 2019: EUR 236.3
MILLION)
    * NEW GUIDANCE: IN 2020, EXPECTS COMPARABLE EBIT TO BE IN
LINE
WITH PREVIOUS YEAR (EUR 27.3 MILLION)
    * REINSTATES ITS OUTLOOK FOR 2020, BUT BECAUSE OF
EXCEPTIONAL
MARKET CIRCUMSTANCES, RAISIO'S OUTLOOK STILL INCLUDES A LEVEL OF
UNCERTAINTY
    * HEAVY RESTRICTIONS IN WESTERN EUROPEAN MARKET CONTINUED TO
HAVE
A NEGATIVE IMPACT ON DEMAND FOR BENECOL PRODUCTS THROUGHOUT
QUARTER

Source text for Eikon:  ID:nWkr6pph1T 
Further company coverage:  RAIVV.HE 

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