SunOpta Inc. (NASDAQ:STKL; TSX:SOY) announced its financial guidance for the calendar year 2007. Revenue is expected to be in the range of US$740 – $760 million, an increase of about 25% over projected 2006 results (prior to acquisitions). SunOpta intends to continue its current acquisition program which has added $100 – $125 million in annual revenue each year over the last several years.
Net profit per diluted common share, prior to any acquisitions, is expected to be in the range of $0.35 – $0.40 per share in 2007 reflecting continued growth, further leverage in selling, general and administration costs, and improved margins resulting from product mix, cost reduction projects including automation and high plant utilization.
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.
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