Sales and profits were up in Q2 at Raisio, with CEO of the €500m Finnish agro-food player Matti Rihko content its re-housing of key brand Benecol was paying off.
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.
UK Benecol licensee, McNeil Nutritionals, says “daily messaging” of its core audience is the key behind its rise to leadership in the UK cholesterol-lowering foods market.
Raisio Life Sciences, maker of Benecol, may be starting to make
profits, but with the group facing a strike this week, and
continued problems at its chemicals unit, losses are looking likely
in the first quarter of 2003.
Finland's Raisio Group today reported consolidated sales in 2002 of
€843.1 million, up 2.5 per cent on last year, thanks largely to
good sales in the Life Sciences unit, which makes
cholesterol-lowering ingredient Benecol.
Makers of the cholesterol-lowering ingredient Benecol, the Finnish
company Raisio, have launched a pasta containing the ingredient on
the home market this month. Benecol pasta is said to provide half
the daily dose of the stanol ester,...
Finland's Raisio Group reported improved profitability for the
first six months of 2002, although turnover for the period remained
flat. However Raisio Life Sciences, the unit which makes the
cholesterol-lowering ingredient Benecol,...
