Brief: Raisio Q4 Comparable EBIT Falls To EUR 9.2 Million

Raisio Oyj

12/02/2018 07:39

Feb 12 (Reuters) - RAISIO OYJ  RAIVV.HE : 
    * Q4 NET SALES EUR 97.3 MILLION VERSUS EUR 95.4 MILLION 
YEAR AGO 
    * BOARD'S DIVIDEND PROPOSAL FOR 2017 IS EUR 0.17 PER SHARE. 
    * Q4 COMPARABLE EBIT TOTALLED EUR 9.2 (12.0) 
MILLION,ACCOUNTING 
FOR 9.5 (12.6)% OF NET SALES. 
    * CONSIDERS DIVESTMENT OF ITS FEED BUSINESSES AS A 
STRATEGIC 
ALTERNATIVE 
    * RAISIO ESTIMATES NET SALES OF GROUP'S CONTINUING 
OPERATIONS TO 
SLIGHTLY INCREASE FROM 2017 
    * SAYS EBIT DECLINE WAS PRIMARILY DUE TO CHALLENGES OF UK 
CONFECTIONERY BUSINESS 
    * COMPANY ESTIMATE COMPARABLE EBIT OF GROUP'S CONTINUING 
OPERATION 
ACCOUNT FOR MORE THAN 10 PERCENT OF NET SALES 
    * SAYS EXCHANGE RATES WILL CONTINUE TO SIGNIFICANTLY AFFECT 
RAISIO'S NET SALES AND EBIT 
 
Source text for Eikon:  ID:nHSU7lx7  
Further company coverage:  RAIVV.HE  
 
 (Gdynia Newsroom) 
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