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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Raisio plc    RAIVV   FI0009002943

RAISIO PLC

(RAIVV)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 12/03 06:26:25 am
3.108 EUR   -0.38%
11/06RAISIO PLC : Managers' transactions
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11/04RAISIO PLC : 's Interim Report January-September 2020
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10/28RAISIO : January - September report will be published on November 4, 2020
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Raisio : The initial recruitment of Raisio's new production plant has been completed

09/14/2020 | 08:46am EST

The cornerstone of the food company Raisio's new production plant that develops and manufactures plant-based value-added products was laid in Raisio on 9 September 2019. Exactly one year later, the recruitments needed to start and start production at the plant have been completed. Construction is also progressing on schedule.

Raisio announced a factory investment of approximately EUR 45 million in June 2019. The production plant is Raisio's most significant investment in decades and will be completed in the company's domicile in Raisio. With the investment, Raisio is responding to the strong growth in demand for plant-based food, especially in the European market. The industrial area is carbon neutral, and the new production plant will also use the biopower capacity of the industrial area in its own production process.

An agile and scalable production plant will be built in our carbon-neutral factory area, which will support growth in line with our strategy. The investment raises Raisio's ability to launch innovative, plant-based products to a whole new level. The builder has handed over the new production plant to Raisio on schedule. Production equipment and process technology are currently being installed there. We are very pleased to be able to report that the project is progressing according to budget and schedule, especially considering the particularly difficult and unpredictable conditions facing the whole world this year, says Raisio's CEO Pekka Kuusniemi.

It is also a pleasure to talk about recruitments that support employment in our industry and region during these difficult times. The recruitments have been successful as planned and we currently have about 20 new Raisio employees lined up. They have already begun their work to ensure the planned start of production on schedule. I warmly welcome them.

In the new production plant, Raisio will focus on value-added products that can use a wide range of plant-based raw materials in addition to oats. The factory's employment impact at full capacity will be 30-35 people, some of whom work in product development. Raisio estimates that the first products manufactured at the new plant will be on sale during the second half of 2021. The factory's products will be packaged in environmentally friendly packaging.

Requests for additional information:

Anna-Mari Roine, Communications Manager, Raisio plc, tel. +358 44 770 6791

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about RAISIO PLC
11/06RAISIO PLC : Managers' transactions
AQ
11/04RAISIO PLC : 's Interim Report January-September 2020
AQ
10/28RAISIO : January - September report will be published on November 4, 2020
AQ
10/08RAISIO PLC : Raisio's converted shares
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10/05RAISIO : Changes in Raisio's management
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09/14RAISIO : The initial recruitment of Raisio's new production plant has been compl..
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09/09RAISIO PLC : Raisio's converted shares
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09/01RAISIO : earnings announcements and Annual General Meeting in 2021
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08/26RAISIO : Financial Reporting and Annual General Meeting in 2021
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08/18RAISIO : Taru Ammala appointed as Raisio Group's Chief People Officer
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More news
Financials
Sales 2020 230 M 279 M 279 M
Net income 2020 21,2 M 25,6 M 25,6 M
Net cash 2020 78,1 M 94,6 M 94,6 M
P/E ratio 2020 23,6x
Yield 2020 4,27%
Capitalization 491 M 593 M 595 M
EV / Sales 2020 1,79x
EV / Sales 2021 1,73x
Nbr of Employees 359
Free-Float 83,8%
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Technical analysis trends RAISIO PLC
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Average target price 3,60 €
Last Close Price 3,12 €
Spread / Highest target 28,2%
Spread / Average Target 15,4%
Spread / Lowest Target 2,56%
EPS Revisions
Managers
NameTitle
Pekka Veikko Kuusniemi President & Chief Executive Officer
Paavo Myllymäki Chairman-Supervisory Board
Ilkka Kalevi Mäkelä Chairman
Jukka Samuli Heinänen COO-Healthy Ingredients Unit & Operations
Toni Coast Chief Financial Officer
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