Finnish supplier Raisio has turned in a bumper half-year with earnings before interest, tax and depreciation (EBIT) surging from €10.3m to €16.2m – a 73% rise.
Raisio is reaping the rewards of buying British snack brand Glisten with a 22 per cent increase in net sales in H1; with a new growth phase now underway, more acquisitions could be on the horizon.
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.
Raisio’s acquisition of UK premium snacking company Glisten will provide the Finnish group with a platform from which to drive the healthy snacking market in central European countries such as Germany and the Benelux countries, claims a financial analyst.
Raisio, the Finnish plant stanol and raw ingredients supplier and maker of the Benecol cholesterol-lowering consumer brand, more than doubled profits and increased turnover by 20 per cent in 2008, but its forecasts are humble in the face of the harsh...
Finnish feed, food and ingredients giant Raisio Group has reported
a return to the black and increased turnover in a year of change
that saw it gain greater control over its activities - particularly
in its ingredients division.
An agreement has been reached between Raisio and Unilever to grant
non-exclusive global rights to a number of plant sterol and stanol
patents - a move which will allow both companies to develop their
business and applications and...
Raisio has reached an agreement with its European and American
partners to extend its rights to the cholesterol-lowering Benecol
brand in France and the United States.
Raisio has announced a round of job losses in a bid to boost
profits in the wake of this summer's financial results, which saw a
shortfall in its ingredients arm by nearly €4m.
Raisio is starting to see the results of rationalisation measures
with a Q1 result that was back in the black - though work still
remains before its food division regains profitability.
Ten years after Benecol first launched in Finland, Raisio is
developing new ingredients and consumer products that will extend
its dominion in the functional and health foods market.
New product launches and applications helped lift turnover at
Raisio's ingredients division by almost 40 per cent during the
third quarter, it reported today.
The sale of Raisio's chemicals business has had a major benefit on
the firm's first half profits but new functional food launches and
sales of the Finnish company's cholesterol-lowering ingredient also
lifted earnings...
