Brief: Raisio To Classify Its Fish Feed Business As Assets Held For Sale

Raisio Oyj

31/05/2022 07:35

May 31 (Reuters) - Raisio Oyj  RAIVV.HE :
    * TO CLASSIFY ITS FISH FEED BUSINESS AS ASSETS HELD FOR SALE
AND
TO REPORT BUSINESS AS DISCONTINUED OPERATIONS
    * RAISIOAQUA'S NET SALES FOR 2022 ARE ESTIMATED TO AMOUNT TO
APPROXIMATELY EUR 21 MILLION
    * EXPORTS OF RAISIOAQUA'S PRODUCTS TO RUSSIA WAS ABOUT 65%
OF
RAISIOAQUA'S NET SALES IN 2021, WHICH HAS NOW BEEN LOST DUE TO
SUSPENSION OF EXPORTS
    * IN OTHER MARKETS, RAISIOAQUA'S BUSINESS WILL BE DEVELOPED
NORMALLY
    * DETERMINED MEASURES FOR REPLACING LOST NET SALES AND
REDUCING
COSTS ARE ALREADY UNDERWAY

Source text for Eikon:  ID:nWkr2G9Fg4 
Further company coverage:  RAIVV.HE 

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