Raisio warns of weaker 2005 results

By staff reporter

- Last updated on GMT

Related tags: Marketing

Raisio has warned that its 2005 results will be weaker than
estimated due to write-downs of its malt, potato and food
diagnostics businesses.

The maker of Benecol cholesterol-lowering plant stanols said today that assets related to its malt and potato businesses were reevaluated due to the prolonged poor market outlook and written down by €8.4 million and €7.5 million respectively.

In addition, good will related to some of its food diagnostics products will be written down by €5.1 million due to weakened market outlook.

The performance of Benecol was not mentioned in the announcement. Now with 14 licensees and products sold in some 30 countries, Raisio reported Benecol-ingredient turnover of €44.7 million in 2004 and previously said it has seen about 20 percent growth this year.

Raisio's financial results for fiscal 2005 are expected on February 9, and operating profit is estimated to be in the region of €9 million. This was further impacted by the booking of €18.3 million non-recurring items throughout the fixture.

This month Raisio began marketing its new soy and oat-based fresh products produced at the new plant in Turku, under the name GoGreen. The start-up costs related to this venture are also expected to impact operating profit.

Related topics: Cardiovascular health, Polyphenols

Related news

Show more

Related products

show more

Welcome to Blue California Specialty Ingredients

Welcome to Blue California Specialty Ingredients

Blue California | 11-Oct-2021 | Product Presentation

At Blue California, our mission is to produce innovative and sustainable, custom ingredient solutions that are not just unique, they are also inspirational...

Botanical extracts from the Mediterranean rim

Botanical extracts from the Mediterranean rim

Robertet Health & Beauty | 08-Oct-2021 | Product Brochure

The Mediterranean rim is one of earth’s most biologically rich terrestrial regions. It induces a special flora, with arborescent crops and evergreen trees...

Vitamin K2 Amplifies Vitamin D3’s Impact

Vitamin K2 Amplifies Vitamin D3’s Impact

NattoPharma – Gnosis by Lesaffre | 06-Sep-2021 | Data Sheet

Few vitamins work better together than Vitamins K2 and D3. Both fat-soluble vitamins play a central role in how the body utilizes calcium, synergistically...

Related suppliers

Follow us


View more