Raisio plc Stock Exchange Release 10 August 2016 at 8:20 a.m. Finnish time
BENEMILK LTD’S OPERATIONS REDUCED
Short-term outlook for Raisio plc’s subsidiary Benemilk Ltd is not favourable. Due to the dairy market crisis, customers are not ready to change their feeding models. Therefore, Raisio plc’s Board of Directors has decided to significantly reduce Benemilk’s business operations. Investments in the international commercialisation of the innovation will be minimised and for now, the focus will be on the pending patent processes and IPR protection against potential infringements.
Benemilk has two business areas. The ingredient business is based on the sale and marketing of palm oil-based raw material under the Primafat trade mark and on the related IPR. The licensing business includes the development, commercialisation and licensing of IPR based on the Benemilk innovation.
Benemilk Ltd was established in the spring 2013, and Raisio holds 57% of its shares.
RAISIO PLC
CEO Matti Rihko
Further information:
Matti Rihko, CEO, tel. +358 400 830 727
Raisio plc
Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia and Poland. Markets for cholesterol lowering Benecol products are global. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2015, the Group's net sales totalled EUR 521 million and EBIT was EUR 51.7 million excluding one-off items. The Group employs some 1,500 people. Raisio’s best-known brands are Benecol, Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and Benecol for cholesterol lowering are Raisio’s top innovations. For more information on Raisio go to www.raisio.com/en
Distribution
Nasdaq
Key media
www.raisio.com