Raisio Q1 sales fall but acquisitions will continue

By Shane Starling

- Last updated on GMT

Related tags: Net sales, Stanol ester, Benecol, Raisio

Benecol brand owner Raisio saw its sales fall 5.2 per cent to €86.4m for the quarter ended March 31, but emphasised its acquisitions policy that saw it pick up British snacks maker Glisten for €22.8m this year remained unchanged.

2009 annual sales fell 18.8 per cent to €375.9, from the previous year, a decline that has contributed to Raisio committing €400m to acquisitions to boost net sales. Quarterly before interest and tax earnings came in at €4.3m, compared to €4.5m for Q1 in 2009.

“In 2010 and 2011 Raisio's main target is to increase its net sales. We are looking for growth through acquisitions in Europe and by expanding into small and growing product categories and new market areas,”​ said CEO Matti Rihko.

Raisio’s plant stanol-based, cholesterol-lowering end product and ingredient brand, Benecol, increased sales 12 per cent, from €11.6m in Q1 2009, to €13m in Q1 2010.

“The focus is on the new product applications and research evidence of the plant stanol ester, Benecol ingredient, as well as on the development and technology of oat-, soy­- and barley-based products,”​ Raisio said.

Benecol products had shown the best growth in Spain, Greece and Belgium, with sales leveling out in Poland and Great Britain. Recent launches in Thaliand and India “have developed well”,​ it said.

The Finnish company said its branded products division had performed better than its business-to-business feed operations, which had been compromised by a shortage of rapeseed. Sales of the two divisions were roughly equal.

Healthy snack brands sold on the Finnish market such Elovena snack drinks had increased 10 per cent from the corresponding period. Carlshamn soy yoghurt had captured 20 per cent of the soy-based, non-dairy yoghurt market, and had been introduced into the Ukraine.

The company said Poland and Sweden had become areas of focus for international expansion.

Related news

Show more

Related products

show more

A bioavailable and soluble anti-aging curcumin

A bioavailable and soluble anti-aging curcumin

Lipofoods, a Lubrizol Company | 02-Mar-2020 | Technical / White Paper

Curcushine™ microcapules is a bioavailable microencapsulated curcumin source with proven anti-aging benefits. Its innovative delivery system provides a...

Taking the healthy way, follow The Life Guardian™.

Taking the healthy way, follow The Life Guardian™.

Indena: botanical ingredients for the Health Food industry | 11-Feb-2020 | Technical / White Paper

Meriva® – curcumin Phytosome offers the complete power of all 3 major curcuminoids and its optimized bioabsorpion thanks to Phytosome Indena’s delivery...

NEXT GENERATION CURCUMIN

NEXT GENERATION CURCUMIN

SABINSA | 27-Jan-2020 | Data Sheet

Sabinsa’s patented, colorless, Curcumin C3 Reduct® is 250 times more effective than curcumin in activating AMP Kinase (Intracellular Fuel Gauge). This...

Vitamins & Minerals as Nature intended

Vitamins & Minerals as Nature intended

LEHVOSS Nutrition | 12-Dec-2019 | Data Sheet

LEHVOSS Nutrition offer a range of natural, organic certified, vegan and active vitamins and minerals. These are offered as “whole-food complexes” in their...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars