CEO's review Q2/2017
Raisio’s EUR 13.1 million comparable EBIT for April-June was a satisfactory performance as the profitability of the UK confectionery business decreased substantially with the continued operational and commercial challenges at the Leicester confectionery plant and with the declining pound.
Raisio Group’s industrial area in Raisio is now carbon neutral
Raisio Group built a bioenergy plant in its industrial area in Raisio and the plant was inaugurated on Wednesday 21 June 2017. With the new plant, industrial steam and district heat used in the industrial area will be generated with wood chips. The value of the investment is approximately EUR 8.5 million.
Pekka Kuusniemi appointed as CEO of Raisio Plc
Raisio plc’s Board of Directors has appointed Pekka Kuusniemi, M.Sc.(Econ.), as the new President and Chief Executive Officer of the Company. Kuusniemi will begin as Raisio plc’s President and CEO at the beginning of November 2017. He transfers to Raisio from the position of President and CEO of the Oras Group.
CEO’s review for 2016
I would like to thank Raisio’s employees for their dedication and work well done. The first few weeks as Raisio’s CEO have clearly shown me the key resources that affect Raisio's success: professional and determined personnel, active partnerships with the customers, consumer- and customer-oriented approach and healthy products supporting sustainable development.
Raisio’s CEO Matti Rihko resigned
Matti Rihko has resigned from his position as Raisio plc’s CEO on 3 January 2017. Rihko and Raisio plc’s Board of Directors have agreed that Rihko may renounce his position with immediate effect. The Board of Directors has appointed Jarmo Puputti, M. Sc. (Eng.), MBA, as Raisio plc’s interim CEO.
Patent for Benemilk feeds in Finland
Benemilk feeds and their manufacturing method have been granted a patent in Finland. After a thorough investigation, the Finnish Patent Authority has determined that the Benemilk innovation meets the criteria for patentability; it is new, inventive and industrially applicable.
Raisio's Annual General Meeting 23 March 2016
Raisio plc's Annual General Meeting (AGM) approved the financial statements for the financial year 1 January – 31 December 2015 and granted the members of the Board of Directors and the Supervisory Board as well as the Chief Executive discharge from liability. The AGM decided to pay a dividend of EUR 0.16 per share.
Raisio to remodel its UK Cereal & Snack business
Raisio has completed the consultation process started at the beginning of October 2015 regarding the future of its Southall factory in the UK. At the beginning of 2016, part of the Southall production will be transferred to Raisio's Newport site and part will be outsourced.
Chief Executive's review for 2014
At Raisio, the year 2014 was twofold. Weak performance at the beginning of the year was exceptional but we were able to correct the situation quickly during the second half of 2014. In the last two quarters, Raisio reached higher EBIT than in the comparative periods, which shows that we are back on improving trend.
Benecol products launched in South Korea
Raisio's Benecol partner in Korea, Lotte Foods Co. Ltd., has launched Benecol® yogurt drinks in the form of Health Functional Food in South Korea. The Benecol product launch in South Korea supports Raisio's aim to expand into new markets particularly in Asia and South America.