Announcement • May 23
Raisio plc Announces CEO Pasi Flinkman to Leave the Company Raisio plc's CEO Pasi Flinkman has informed the company that he will leave Raisio to join another company. Flinkman will continue in his role as CEO until November or until a new CEO has been appointed. Raisio's Board of Directors has immediately initiated the process to appoint a new CEO. Reported Earnings • May 13
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: €0.08 (up from €0.032 in 1Q 2025). Revenue: €57.5m (flat on 1Q 2025). Net income: €6.50m (up 28% from 1Q 2025). Profit margin: 11% (up from 8.8% in 1Q 2025). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Raisio plc Reaffirms Earnings Guidance for the Year 2026 Raisio plc reaffirmed earnings guidance for the year 2026. For the year, the company projects the net sales for continuing operations to increase compared to 2025. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tero Hemmila was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 10
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 17 April 2026. Payment date: 28 April 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.4%. Within top quartile of Finnish dividend payers (5.3%). Higher than average of industry peers (4.6%). Reported Earnings • Mar 27
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: €0.15 (up from €0.11 in FY 2024). Revenue: €224.2m (down 1.1% from FY 2024). Net income: €23.2m (up 37% from FY 2024). Profit margin: 10% (up from 7.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 13
Dividend increased to €0.15 Dividend of €0.15 is 7.1% higher than last year. Ex-date: 17th April 2026 Payment date: 28th April 2026 Dividend yield will be 5.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: €0.15 (up from €0.11 in FY 2024). Revenue: €224.2m (down 1.1% from FY 2024). Net income: €23.2m (up 37% from FY 2024). Profit margin: 10% (up from 7.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 16
Raisio plc Announces Board and Committee Changes Effective January 1, 2026 Raisio plc announced that Tero Hemmilä, member and Vice Chair of the Board of Directors of Raisio plc, has announced his resignation from the Board as of January 1, 2026. Hemmilä has served as Vice Chair of the Board, Chair of the Audit Committee and a member of the M&A Committee. His resignation is due to his appointment as the new Chair of the Board of the Central Union of Agricultural Producers and Forest Owners (MTK), a position he will assume on January 1, 2026. Following Hemmilä's resignation, the Board of Directors of Raisio plc will consist of five members. The Board of Directors has decided on changes to the compositions of its committees in which Tero Hemmilä has served. Leena Niemistö has been appointed as a new member of the Audit Committee. Reija Laaksonen and Antti Elevuori will continue as members of the Audit Committee, and Antti Elevuori has been appointed its Chair. Pekka Tennilä has been appointed as a new member of the Board's M&A Committee. Antti Elevuori will continue as a member of the M&A Committee and Arto Tiitinen as its Chair. Pekka Tennilä has also been appointed as the new Vice Chair of the Board of Directors. The changes will take effect on January 1, 2026. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: €0.05 (up from €0.03 in 3Q 2024). Revenue: €56.7m (down 4.1% from 3Q 2024). Net income: €7.20m (up 47% from 3Q 2024). Profit margin: 13% (up from 8.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Announcement • Nov 11
Raisio plc Provides Earnings Guidance for the Year 2025 Raisio plc provided earnings guidance for the year 2025. Raisio projects the comparable EBIT for continuing operations for the financial year 2025 to increase compared to 2024. Announcement • Aug 22
Raisio plc, Annual General Meeting, Apr 16, 2026 Raisio plc, Annual General Meeting, Apr 16, 2026. Location: turku Finland Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint Second quarter 2025 results: EPS: €0.04 (in line with 2Q 2024). Revenue: €54.5m (down 4.9% from 2Q 2024). Net income: €6.10m (up 8.9% from 2Q 2024). Profit margin: 11% (up from 9.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Raisio plc Appoints Anni Palmio as M&A Director, Effective 1 September 2025 Raisio plc announced that Anni Palmio, BBA, BA (European Business), has been appointed M&A Director of the Raisio Group as of 1 September 2025. Anni Palmio is joining Raisio after working for the food and beverage company Paulig (Oy Gustav Paulig Ab) since 2014 in various positions. Since 2019, she has held the position of Strategy and M&A Manager at Paulig. Before joining Paulig, Palmio worked at Findus Finland and Haribo Lakrids Oy Ab. Anni Palmio will report to Sari Koivulehto-Mäkitalo, Chief People and Legal Officer and member of the Group Leadership Team. The role of M&A Director is new to the Raisio Group. In addition to this new role, Raisio strengthened its M&A work by establishing a new M&A Committee for the Board of Directors in the spring. Its task is to assist the Board in M&A processes and the development of strategic work related to M&A. Buy Or Sell Opportunity • Jun 03
Now 23% undervalued Over the last 90 days, the stock has risen 8.4% to €2.52. The fair value is estimated to be €3.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Reported Earnings • May 14
First quarter 2025 earnings: Revenues and EPS in line with analyst expectations First quarter 2025 results: EPS: €0.03 (up from €0.022 in 1Q 2024). Revenue: €57.8m (up 4.1% from 1Q 2024). Net income: €5.10m (up 46% from 1Q 2024). Profit margin: 8.8% (up from 6.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 16
Now 25% undervalued Over the last 90 days, the stock has risen 9.3% to €2.34. The fair value is estimated to be €3.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Announcement • Apr 15
Raisio plc Announces Supervisory Board Changes Raisio plc announced that at its AGM, held on 15 April 2025, the shareholders approved that Teemu Laitakoski and Terhi Löfstedt were elected as new Supervisory Board members, all for the term commencing at the closing of the Annual General Meeting. Upcoming Dividend • Apr 09
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 16 April 2025. Payment date: 29 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.0%. Lower than top quartile of Finnish dividend payers (6.3%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 26
Dividend of €0.14 announced Dividend of €0.14 is the same as last year. Ex-date: 16th April 2025 Payment date: 29th April 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 25
Raisio plc announces Annual dividend, payable on April 29, 2025 Raisio plc announced Annual dividend of EUR 0.1100 per share payable on April 29, 2025, ex-date on April 16, 2025 and record date on April 17, 2025. Reported Earnings • Mar 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.11 (down from €0.11 in FY 2023). Revenue: €226.8m (up 3.3% from FY 2023). Net income: €16.9m (down 3.4% from FY 2023). Profit margin: 7.5% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.11 (down from €0.11 in FY 2023). Revenue: €226.8m (up 3.3% from FY 2023). Net income: €16.9m (down 3.4% from FY 2023). Profit margin: 7.5% (down from 8.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.3%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Raisio plc Announces Ann-Christine Sundell and Lauri Sipponen Not Available for Re-Election as Board Member Raisio plc at its Annual General Meeting to be held on 15 April 2025, announced current board members Ann-Christine Sundell and Lauri Sipponen have informed that they are not available for re-election. Reported Earnings • Nov 05
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: €0.03 (down from €0.04 in 3Q 2023). Revenue: €59.1m (up 5.3% from 3Q 2023). Net income: €4.90m (down 17% from 3Q 2023). Profit margin: 8.3% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 28
Raisio plc, Annual General Meeting, Apr 15, 2025 Raisio plc, Annual General Meeting, Apr 15, 2025. Location: turku Finland Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €0.04 (up from €0.03 in 2Q 2023). Revenue: €57.3m (up 8.7% from 2Q 2023). Net income: €5.60m (up 33% from 2Q 2023). Profit margin: 9.8% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 08
Raisio plc Provides Earnings Guidance for the Year 2024 Raisio plc provided earnings guidance for the year 2024. Raisio projects the comparable EBIT for the financial year 2024 to be at the level of 2023 or slightly higher. Raisio’s comparable EBIT in 2023 was EUR 22.7 million. Reported Earnings • May 07
First quarter 2024 earnings: Revenues in line with analyst expectations First quarter 2024 results: Revenue: €55.5m (down 1.8% from 1Q 2023). Net income: €3.50m (flat on 1Q 2023). Profit margin: 6.3% (up from 6.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 04
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 18 April 2024. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 6.7%. Within top quartile of Finnish dividend payers (5.7%). Higher than average of industry peers (3.0%). Declared Dividend • Mar 21
Dividend of €0.14 announced Shareholders will receive a dividend of €0.14. Ex-date: 10th April 2024 Payment date: 18th April 2024 Dividend yield will be 7.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 27% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 19
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €0.11 (up from €0.079 in FY 2022). Revenue: €219.5m (flat on FY 2022). Net income: €17.5m (up 40% from FY 2022). Profit margin: 8.0% (up from 5.7% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 18
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 25 March 2024. Payment date: 18 April 2024. Payout ratio and cash payout ratio are on the higher end at 99% and 77% respectively. Trailing yield: 7.5%. Within top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (3.0%). Announcement • Mar 14
Raisio plc Proposes Dividend, Payable on 18 April 2024 Raisio plc at its Annual General Meeting to be held on 9 April 2024, The Board proposed to the Annual General Meeting that a dividend of EUR 0.14 will be paid per share, of which EUR 0.11 is the basic dividend in accordance with the company's dividend policy and EUR 0.03 the supplementary dividend. The dividend will be paid on 18 April 2024 to the shareholders, who on the record date 26 March 2024 are entered in the list of company's owners held by Euroclear Finland Oy. Dividend will not be paid to the shares held by the company. Announcement • Feb 14
Raisio plc Announces Resignation of Pekka Kuusniemi as CEO, Effective June 15, 2024 Raisio plc announced that Pekka Kuusniemi who has been leading Raisio Group as CEO since November 2017 has decided to leave the company. He will continue as CEO until June 15th, 2024. The Board of Directors has initiated a search for a successor. Reported Earnings • Feb 14
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €0.11 (up from €0.079 in FY 2022). Revenue: €219.5m (flat on FY 2022). Net income: €17.5m (up 40% from FY 2022). Profit margin: 8.0% (up from 5.7% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 02
Third quarter 2023 earnings: Revenues exceed analyst expectations Third quarter 2023 results: Revenue: €56.1m (flat on 3Q 2022). Net income: €5.90m (up 28% from 3Q 2022). Profit margin: 11% (up from 8.1% in 3Q 2022). Revenue exceeded analyst estimates by 2.7%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Finland. Announcement • Nov 02
Raisio plc Revises Earnings Guidance for the Year 2023 Raisio plc revised earnings guidance for the year 2023. Raisio announced on 10 July 2023 that it had updated its financial outlook for 2023. Previously, the company had estimated that its outlook for 2023 would show an increase in comparable net sales and profit compared to the previous year. New guidance for 2023: Raisio expects comparable net sales to be at or slightly below the previous year’s level. Comparable profit is expected to increase from the previous year, to between EUR 21 and 23 million (EUR 18.4 million in 2022). Price Target Changed • Aug 22
Price target decreased by 7.7% to €2.40 Down from €2.60, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €2.11. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.079 last year. Announcement • Aug 10
Raisio plc Revises Earnings Guidance for the Year 2023 Raisio plc revised earnings guidance for the year 2023. The company expects comparable net sales to be at or slightly below the previous year's level. Comparable profit is expected to increase from the previous year, to between EUR 21 and 23 million (EUR 18.4 million in 2022). Reported Earnings • Aug 10
Second quarter 2023 earnings: Revenues miss analyst expectations Second quarter 2023 results: Revenue: €52.7m (down 5.0% from 2Q 2022). Net income: €4.20m (up 40% from 2Q 2022). Profit margin: 8.0% (up from 5.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.3%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Finland. Price Target Changed • Jul 21
Price target decreased by 7.4% to €2.50 Down from €2.70, the current price target is an average from 3 analysts. New target price is 30% above last closing price of €1.93. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.079 last year. Announcement • Jul 12
Raisio plc Revises Earnings Guidance for the Year 2023 Raisio plc revised earnings guidance for the year 2023. For the year, the company expects comparable net sales to remain or be slightly below the previous year's level. Comparable operating profit is expected to increase from the previous year to EUR 21-23 million (EUR 18.4 million in 2022), due to the changes in the market environment. Buying Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €2.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Announcement • May 17
Raisio plc Appoints Tuomas Levomäki as Chairman of Supervisory Board In a meeting held on 16 May 2023, Raisio plc's Supervisory Board elected Mr. Tuomas Levomäki, farmer and member of the Supervisory Board since 2015, as its new Chairman, and re-elected Mr. Holger Falck, Agronomist and member of the Supervisory Board since 2006, as its Deputy Chairman. Announcement • May 04
Raisio plc Provides Earnings Guidance for the Year 2023 Raisio plc provided earnings guidance for the year 2023. The Company is expecting its comparable net sales and profit to increase from the previous year. Reported Earnings • May 03
First quarter 2023 earnings: Revenues miss analyst expectations First quarter 2023 results: Revenue: €56.5m (up 4.0% from 1Q 2022). Net income: €3.50m (up 141% from 1Q 2022). Profit margin: 6.2% (up from 2.7% in 1Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Food industry in Finland. Buying Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be €2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Apr 14
Upcoming dividend of €0.14 per share at 5.4% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 03 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.4%. Within top quartile of Finnish dividend payers (5.1%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 09
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €0.078 (down from €0.13 in FY 2021). Revenue: €220.8m (down 10% from FY 2021). Net income: €12.5m (down 40% from FY 2021). Profit margin: 5.7% (down from 8.5% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jan 29
Consensus EPS estimates increase by 35% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from €0.047 to €0.063. Revenue forecast steady at €224.7m. Net income forecast to grow 11% next year vs 9.8% growth forecast for Food industry in Finland. Consensus price target up from €2.50 to €2.63. Share price rose 3.1% to €2.47 over the past week. 
