Profit warning: Raisio to lower its 2023 guidance

Raisio / FI. (rg) The Board of Directors of Finland’s Raisio PLC has decided to lower its guidance regarding the development of the company’s comparable net sales in 2023. High inflation and rising interest rates have impacted consumer demand in the company’s key markets, resulting in a decrease in volumes of consumer goods in the first six months of 2023. Visibility on market development is currently low, and there are no clear signs of improvement in the market environment for the latter half of 2023.

Due to the changes in the market environment, Raisio expects its comparable net sales in 2023 to remain or be slightly below the previous year’s level. Earlier, the company expected its comparable net sales to increase from the previous year.

Raisio also specifies its guidance for the development of comparable operating profit in 2023. Comparable operating profit is now expected to increase from the previous year to EUR 21-23 million (EUR 18.4 million in 2022). Earlier, the company estimated that the comparable operating profit would increase from the previous year.

New guidance for 2023: Raisio is expecting comparable net sales to remain or be slightly below the previous year’s level. Comparable operating profit is expected to increase from the previous year to EUR 21-23 million (EUR 18.4 million in 2022).