Business
SunOpta Provides 2007 Financial Guidance; Projects Strong Growth
SunOpta Provides 2007 Financial Guidance; Projects Strong Growth.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, January 4 /CNW/ - SunOpta Inc. (SunOpta or the Company)\n(NASDAQ:STKL) (TSX:SOY) today announced its financial guidance for the\ncalendar year 2007.\n\n\nRevenue is expected to be in the range of $740 - $760 million U.S. an\nincrease of approximately 25% over projected 2006 results and prior to any\nacquisitions. SunOpta intends to continue its current acquisition program\nwhich has added $100 - $125 million in annual revenue each year over the last\nseveral years.\n\n\nNet profit per diluted common share, prior to any acquisitions, is\nexpected to be in the range of $0.35 - $0.40 per share in 2007 reflecting\ncontinued growth, further leverage in selling, general and administration\ncosts, and improved margins resulting from product mix, cost reduction\nprojects including automation and high plant utilization.\n\n\nAbout SunOpta Inc.\n\n\nSunOpta Inc. is an operator of high-growth ethical businesses, focusing\non integrated business models in the natural and organic food, supplements and\nhealth and beauty markets. The Company has three business units: the SunOpta\nFood Group, which specializes in sourcing, processing and distribution of\nnatural and organic food products integrated from seed through packaged\nproducts; the Opta Minerals Group, a producer, distributor, and recycler of\nenvironmentally friendly industrial materials; and the SunOpta BioProcess\nGroup which engineers and markets proprietary steam explosion technology\nsystems for the pulp, bio-fuel and food processing industries. Each of these\nbusiness units has proprietary products and services that give it a solid\ncompetitive advantage in its sector.\n\n\nForward-Looking Statements\n\n\nCertain statements included in this press release may constitute\n\"forward-looking statements\" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements\ninclude, but are not limited to references to business strategies, competitive\nstrengths, goals, capital expenditure plans, business and operational growth\nplans and references to the future growth of the business. These forward\nlooking statements are based on certain assumptions and analyses made by the\nCompany in light of its experience and its interpretation of current\nconditions, historical trends and expected future developments as w...