CEO's review Q3/2017
Raisio’s net sales increased by almost 6% in July-September
“Raisio Group’s third-quarter net sales were almost six per cent up from the comparison period. Net sales were driven by Benecol and fish feed business. This year’s now ending farming season was one of the best ever in Raisioagro’s fish feed business. Benecol’s growth was boosted by the good sales development of consumer products in Finland and increased deliveries of plant stanol ester to licensing partners especially in Asia. In addition, the higher world market prices in sterols, Benecol product raw materials, and the currency impact of the weakening British pound were offset by price increases.
Raisio’s EUR 13.0 million EBIT was a reasonable performance in a situation where the UK’s confectionery business profitability continued to weaken. Raisio will continue to work resolutely to address the operational and commercial challenges at the Leicester confectionery plant. This will, however, take clearly longer than expected. The Healthy Food and Czech confectionery businesses continued their good performance. EBIT for both Benecol and Raisioagro improved with increased net sales.
Raisio is again a net debt free company with a strong cash flow. The company seeks growth especially for its Benecol and Healthy Food businesses with good profitability. Raisio's agile product and brand development, and expansion to new markets and product categories enable organic growth. Raisio will also grow through acquisitions”.