The highlights of the report include:
The figures for the comparison period are given in brackets in the text.
“Raisio’s first quarter was much as forecast and volatility grew sharper, but the company managed to even them out,” said Matt Rihko, Raisio CEO. “Our EBIT gives reason for satisfaction in view of the global economic situation. Economical, ecological and healthy products sold under strong, and safe brands appear to be doing well in this recession. Despite its setbacks, the Feed & Malt Division also reported a positive EBIT.
“The Salmonella Tennessee case and its handling has further emphasised the key role played by a skilled staff. Raisio Feed will compensate its livestock producers for damages caused by salmonella in compliance with the Feed Act. It’s impossible to estimate the overall amount of compensation at this time, but the company does have a comprehensive insurance cover.
“Raisio is operationally well equipped to meet demanding challenges. Furthermore, Raisio is capable of playing an active role in the consolidation process of the food industry if there opens up interesting opportunities for Raisio’s shareholders.”
Source: Raisio
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