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Russia's ban on the importation of fish feed impacts Raisio

According to an interim company report, Raisio is feeling the impacts of the Russian ban on fish feed imports. The company reported reduced earnings before interest and tax (EBIT) for Q3, when compared with the previous period. The Division’s EBIT decreased by EUR 1.8 million, and net sales decreased by EUR 7.6 million from the comparison period. Industry is actively working to lift the Russian import ban but for the moment, the reopening of the Russian border is uncertain.

November 8, 2018

The company reported reduced earnings before interest and tax (EBIT) for Q3 -- when compared with the previous period -- particularly due to the interrupted export of Raisioaqua’s fish feeds to Russia.

The Division’s EBIT decreased by EUR 1.8 million, and net sales decreased by EUR 7.6 million from the comparison period.

Industry is actively working to lift the Russian import ban but for the moment, the reopening of the Russian border is uncertain.

In addition to foods and fish feed sales, Raisio’s net sales for continuing operations consist of grain trade.

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