Interim Report Q1/2018:
President and CEO Pekka Kuusniemi's review
“With the divestment of our confectionery and cattle feed businesses, Raisio is at the beginning of the new. The company has a clear focus: responsibly produced healthy food. In early 2018, we have implemented a significant reorganisation of operations. The main change was the integration of all Raisio’s food brands and businesses into the Healthy Food Division. We have already taken the first steps following the change in the organisational structure and started the resource allocation to support the profitable growth of the Healthy Food Division.
Raisio’s net sales and EBIT for January-March 2018 were at satisfactory levels. Moderate sales growth for Benecol and Elovena products continued in Finland. Sales and business profitability weakened in Poland, Russia, Ireland and Belgium, mainly due to challenges in sales volumes. Net sales and sales volume for the UK operations were also slightly down from the comparison period. Raisio has identified the main problems and initiated corrective measures. We have set an ambitious but realistic time-frame for these measures.
Raisio has combined the Group’s Vision and Mission into a Purpose. The Purpose published in April 2018 sets ambitious goals for Raisio and it will guide us in the right direction. We have always known what kind of food is healthy and good for the heart. In addition, we want to continue as a pioneer in corporate responsibility. Raisio’s Purpose in brief: Food for Health, Heart and Earth.”