Brief: Raisio Receives Final Ruling From Arbitral Tribunal

Raisio Oyj

17/12/2020 11:24

Dec 17 (Reuters) - Raisio Oyj  RAIVV.HE :
    * A POSITIVE ARBITRATION AWARD FOR RAISIO FOR THE PARTIAL
SUSPENSION OF RAISIOAQUA'S BUSINESS IN 2018
    * BASED ON FINAL RULING JUST RECEIVED FROM ARBITRAL
TRIBUNAL,
SUPPLIER IS OBLIGED TO COMPENSATE RAISIO FOR DAMAGES IN AMOUNT
OF APPROXIMATELY EUR 3 MILLION
    * INCOME RECOGNITION IS SIGNIFICANT AND, IF REALIZED, WILL
HAVE A
POSITIVE EFFECT ON COMPARABLE OPERATING PROFIT
    * RAISIO DOES NOT YET RECOGNIZE AMOUNT TO BE REIMBURSED IN
FULL OR
IN PART IN ITS INCOME STATEMENT.

Source text for Eikon:  ID:nWkr72L95f 
Further company coverage:  RAIVV.HE 

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