News Archive until 31.3.2020

Elovena is Finland’s third most sustainable brand

Elovena was selected the Finland's third most sustainable brand in the Sustainable Brand Index study. We have made naturally healthy products of Finnish oats already for 95 years, and will continue to promote the sustainable Finnish food chain in our daily work.

Raisio plc's AGM 27 April 2020 with special arrangements

Raisio plc’s Annual General Meeting which will be held on 27 April 2020. The AGM will take place only, if the meeting can be arranged securely and within the restrictions given by the authorities about the maximum number of people allowed to attend meetings.

Raisio's Financial Statements Bulletin 2019

Raisio stabilised its core business operations and achieved profitable growth in 2019. President and CEO Pekka Kuusniemi writes about the highlights of 2019 in his review.

The 95-year-old Elovena girl gets updated and travels abroad

The appearance of the Elovena brand will be updated in 2020. The changes are driven by Raisio’s goal to increase its international oat business. The new Elovena is a contemporary, brave, Finnish brand that offers naturally healthy oat products in Finland and, from now on, in European markets as well.

Raisio's oat production is ready to respond to the growth in international demand

Raisio Group is proceeding in terms of the building of its international oat business activities. Investments of some eight million euros, which were made in the oat mill located in Nokia, Finland, will facilitate the export of Finnish oat products and manufacturing of value-added products.

Q3/2019: Oat and fish feed as the driving force behind Raisio’s strong growth

Raisio's third quarter was strong. Net sales increased by nearly 10% and EBIT improved by nearly 40%. Raisio determinedly continued to implement the strategy.

The foundations of Raisio’s new production facility have been laid

In July, Raisio initiated the construction work on its new production facility, intended for the development and manufacturing of new plant-based value added products. The foundations of the facility were laid in Raisio on 9 September 2019.

Q2/2019: Raisio’s net sales increased and EBIT improved

In Raisio's new strategy, the defined theme for 2019 is to ensure the growth and profitability of the core business.

Raisio to invest EUR 45 million in the growth of healthy foods

Raisio is investing an estimated EUR 45 million in the production facility developing and manufacturing plant-based added value products.

Q1/2019: Net sales decline stopped

Raisio started the implementation of its new strategy, net sales decline stopped. The Group’s net sales totalled EUR 49.9 (49.7) million. Comparable EBIT was EUR 5.0 (6.3) million, accounting for 10.0 (12.6) % of net sales.

Raisio Group’s carbon dioxide emissions down by 75%

In 2018, the Raisio Group significantly reduced its carbon dioxide emissions. Total CO2 emissions were down by 75 per cent from the previous year. The company’s industrial area in Raisio is already carbon neutral. Raisio aims to be fully carbon-neutral in its own production by 2023.

Annual Review 2018 published

The Annual Review includes the Corporate Responsibility Report, Remuneration Statement and Corporate Governance Statement.

Raisio and Dr. Schär signed a strategic alliance

Raisio has signed an agreement on a strategic alliance with the Italian company Dr. Schär AG. Dr. Schär is a leading global company in gluten-free foods while Raisio is a forerunner in cholesterol-lowering functional foods and an innovative expert in Finnish oats.

Raisio's AGM 19 March 2019

Raisio plc's Annual General Meeting (AGM) will be held on 19 March 2019 at 2 p.m. at Turku Fair Center. Please register at latest on 12 March 2019.

Raisio's Financial Statements Bulletin 2018

Raisio is now an international brand house focusing on healthy food. Read CEO's review on the year 2018.

Raisio to phase out plastic packaging by the end of 2023

Raisio is among the first food companies to phase out plastic packaging. Raisio also aims to have all its consumer packages to be fully recyclable.

Raisio's new strategy 2019 - 2021

Raisio focuses on healthy food and aims to be an innovative and increasingly international brand house. Strategic growth both organically and through acquisitions is Raisio’s key target.

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.

Elovena products entering China's e-commerce markets

Raisio’s cooperation with K Group allows Chinese consumers to buy Elovena snack biscuits and instant porridges online.

Raisio's Interim Report Q1/2018

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.

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.

Annual Review 2017 published

Raisio’s Annual Review 2017 has been published in Finnish and English.

Financial Statements, Corporate Governance Statement and Remuneration Statement 2017

The reports have been published on 28 February 2018.

CEO's review 2017

After the review period, at the end of January 2018, Raisio announced to consider the divestment of its cattle and fish feed business as one strategic alternative.

Raisio Group starts statutory cooperation negotiations

To ensure its competitiveness and profitability, Raisio will start cooperation negotiations concerning 115 employees on 5 February 2018.

Raisio to continue the group structure renewal

Raisio Group continues to focus on healthy foods according to its strategy. Until now, Benecol and Healthy Food businesses have operated as separate organisations and will now be combined into a single Healthy Food Division.

Raisio to consider the divestment of its feed business as a strategic alternative

In December 2017, Raisio divested its confectionery business and is now considering a sale of its cattle and fish feed businesses as one strategic alternative.

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 Q3/2017

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.

Pekka Kuusniemi to start as Raisio’s President and CEO on 1 November 2017

Raisio’s Board of Directors appointed Pekka Kuusniemi as President and CEO of the Group in June 2017 and he will assume his duties on 1 November 2017.

Help us develop sustainable food chain

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Nimbus Foods invests in production capacity

Nimbus Foods Ltd is one of Europe’s leading innovators and manufacturers of high quality decorations and inclusions for the food industry. Nimbus will be investing over £1m in the next 12 months in the Dolgellau site in North Wales.

President of the Republic of Finland visiting Raisio

President Niinistö visited Raisio’s new bioenergy plant and got acquainted with the development of healthy, responsible foods.

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 Q1/2017

Raisio’s comparable EBIT amounted to EUR 10.6 million which means an improvement of EUR 0.9 million from the comparison period. Despite the decline in net sales, Raisio’s relative profitability increased to 11.4 per cent compared to 8.5 per cent of Q1/2016.

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.

CEO's review Q3/2016

The Group’s comparable EBIT of EUR 14 million was Raisio’s third best quarterly results ever.

CEO's review Q2/2016

Raisio continued to improve its operational result during the second quarter. Our comparable EBIT grew by 7 per cent totalling EUR 15 million. Our relative profitability increased from some 10 per cent to 12 per cent of net sales.

Raisio to invest in the fish feed production

Raisio will make a total investment of nearly four million euros to expand its fish feed factory located in Raisio's industrial area in Finland.

CEO's review Q1/2016

Raisio continued to deliver strong results in the first quarter of 2016. The Group's EBIT of EUR 9.7 million was a good performance in the challenging and rapidly changing international markets.

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.

Online Annual Report 2015 published

Raisio's Online Annual Report 2015 has been published.

Raisio to renew its organisation by combining Snacks and Benecol into a single unit

Raisio Group will set up a new HEM unit, which includes Snacks and Benecol. HEM stands for Healthy, Ecological Mobile food, and the new unit strongly supports the Group's strategy.

Chief Executive's Review for 2015

Raisio achieved EBIT of EUR 51.7 million excluding one-off items in 2015. At the same time, the Group's EBIT margin excluding one-off items rose to 9.9 per cent.

Raisio to build a bioenergy plant in Finland

Raisio Group will build a bioenergy plant in its industrial area in Raisio. In the new facility, industrial steam and district heating used in the company's operations and sold to other operators in the area will be produced with wood chips.

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.

Halo Foods launch Harvest Cheweee Fruit & Oat Bites

Harvest Cheweee is expanding its cereal bar range with the launch of Fruit & Oat Bites, a healthier fruit-based snack created to keep on-the-go-children fuller for longer.