Raisio Oyj
OMXH:RAIVV
Raisio Oyj
Raisio Oyj engages in the development, manufacture, and marketing of food, functional food ingredients, and animal feeds. The company is headquartered in Raisio, Lansi-Suomen and currently employs 388 full-time employees. The firm has two reporting segments: Brands and Raisioagro. The Brands develops, manufactures, sells and markets foods and their ingredients to the retailers and industry; they also license immaterial rights related to foods and their ingredients. The Brands segment includes the following operating segments: Benecol, Healthy Food and Benemilk. The Raisioagro segment includes cattle and fish feeds, farming supplies and grain trade; the activities are directed at persons and companies engaged in business operations primarily in Finland and Russia.
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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.