Raisio’s Q3 down by Russian import ban on fish feeds
EBIT for Raisio’s Q3 was down from the comparison period, particularly due to the interrupted export of Raisioaqua’s fish feeds to Russia. The Division’s EBIT decreased by EUR 1.8 million and net sales by EUR 7.6 million from the comparison period.
Raisio plc’s Research Foundation Donating €500,000 to University of Turku for Establishing Finnish Foods Professorship
The University of Turku establishes a new professorship focusing on the research of plants grown in Finland, supporting the export of Finnish foods based on sustainable development, and promoting well-being with healthy foods.
Elovena Muru Oat Mince is Raisio’s latest innovation
Raisio has launched a new oat innovation. A new, healthy plant protein is a good choice for people wanting to add variety in their diet and for vegans. Muru Oat Mince contains 41 per cent of oat, which is clearly more than in other plant protein products.
Raision Half-Year Financial Report 2018: Raisio's renewal continues strong
Raisio is at the beginning of the new, focusing on healthy and responsibly produced food. We continue our determined work to support profitable organic growth. The reorganisation completed this spring allowed us to steer all resources to promote growth.
Raisio to divest its cattle feed business to Lantmännen
Raisio has signed an agreement to sell its cattle feed business to Lantmännen Agro Oy. The enterprise value is EUR 34 million and the arrangement will be conducted as a share transaction. The fish feed business will continue as a solid part of the Raisio Group.
Raisio’s confectionery business transferred to Valeo Foods
As the buyer has paid the purchase price of the shares, EUR 77 million as well as all other conditions for completion of the deal have been fulfilled, Raisio’s confectionery operations have transferred to be a part of Valeo Foods Group on 29 December 2017.
Raisio has agreed on the divestment of its confectionery business to focus on brands enhancing well-being
Raisio has agreed to divest its confectionery business to Valeo Foods Ltd. Raisio’s confectionery operations in the UK and Czech Republic will be transferred to become part of Valeo Foods Group by 29 December 2017 at the latest.
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.