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Raisio Oyj
OMXH:RAIVV

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Raisio Oyj
OMXH:RAIVV
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Price: 2.165 EUR -1.59% Market Closed
Market Cap: 342m EUR
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Earnings Call Transcript

Earnings Call Transcript
2019-Q1

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Pekka Kuusniemi
CEO & President

Raisio turned 8 years during this quarter. However, we live year 0 in many ways. Last year, we set pillars for Raisio's long-term success, starting from purpose, values, strategy supported by responsibility program.Our strategy is based on our long-term expertise areas. They are market leader, Benecol in cholesterol lowering; and of course, our oat expertise, when oat as a raw material is having great tailwind behind of it. These 2 pillars, we believe, will create Raisio's long-term success.Starting from this year, we have divided our businesses into 2 segments, which are Healthy Food and Healthy Ingredients. And this division is based on business ideas, customers, products and way to work. We believe that with this division, we are much more customer centric and transparent. Also that supports organic growth. Strategy implementation has started well, and the organization is fully onboard, of which, I would like to thank them all warmly.We also signed a frame agreement with Italian global market leader in gluten-free food, Dr. Schär AG. And I believe that this frame agreement offers both companies good business opportunities in the long term.As we all know, we all saw extremely challenging year in terms of harvest, end of last year, and due to that, we were forced to increase our prices heavily during the winter period. But today, we already see a good development of our margin, and we believe that to continue also during the coming quarters.The setbacks which Raisioaqua had last year, they are now left behind. We have still good customer loyalty with Raisioaqua's customers, thanks to our competitive edges like the Baltic Blend feed and, of course, the consumer brand, Benella.Brexit is keeping our organization busy because we want to guarantee uninterrupted availability of Benecol products on the U.K. markets.As a summary, we will see improving performance for Raisio Group during rest of the year. Thank you.

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2019
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