Brief: Raisio Stops All Exports To Russia, Withdraws Guidance For 2022
03/03/2022 11:59
March 3 (Reuters) - Raisio Oyj RAIVV.HE :
* RAISIO PLC STOPS ALL EXPORTS TO RUSSIA AND WITHDRAWS
FINANCIAL
GUIDANCE FOR 2022
* WAR IN UKRAINE CAUSES SIGNIFICANT UNCERTAINTY REGARDING
COMPANY'S NET SALES AND PROFITABILITY DEVELOPMENT IN 2022
* DUE TO GEOPOLITICAL INSTABILITY PRICES OF IMPORTANT GRAIN
BASED
RAW MATERIALS HAVE RISEN DRAMATICALLY
* IN ADDITION TO UNFORESEEN COST EFFECTS SITUATION AFFECTS
ALSO
AVAILABILITY OF GRAIN BASED RAW MATERIALS.
* HAS STOPPED ALL EXPORTS TO RUSSIA. THIS WILL RESULT IN A
REDUCTION OF APPROXIMATELY 15% OF COMPANY'S SALES
* BOARD OF DIRECTORS OF RAISIO PLC HAS DECIDED TO WITHDRAW
COMPANY'S FINANCIAL GUIDANCE FOR 2022
* DUE TO UNCERTAINTIES, BOARD IS NOT IN A POSITION TO GIVE A
NEW
GUIDANCE AT THIS MOMENT.
Source text for Eikon: ID:nWkr9y3fqh
Further company coverage: RAIVV.HE
(Gdansk Newsroom)
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