Confectionery is Raisio’s significant business of EUR 100 million. Confectionery became part of Raisio’s product range through acquisitions. In the UK, Raisio has well-known local brands. In the Czech Republic, Raisio has its own brands and the company is also a significant confectionery exporter. The UK and Czech confectionery businesses are trusted manufacturers of the branded products for contract partners and retailers. Approximately 30% of confectionery made by Raisio are Raisio’s own branded products.
- The Czech net sales increased by almost 15% due to the increased demand for soft gums.
- Sales growth of the local Pedro brand continued in the Czech Republic.
- The UK net sales in pounds were almost at the comparison year’s level.
- Nimbus, a producer of industrial inclusions and toppings, continued to show good sales growth.
- Challenges with service levels continued at the Leicester factory.
Net sales for the confectionery business were down from the comparison year. Net sales for the Czech operations increased. In the UK, net sales of operations in pounds were at the comparison year level but declined clearly when converted in euros. Nimbus, a producer of industrial inclusions and toppings, showed clearly increased sales. The UK accounts for approximately 60 per cent of the confectionery business net sales.
The Czech operations account for almost 50% of the confectionery business EBIT.
EBIT for the confectionery business was down from the comparison year. Good profitability of the Czech operations generated almost 50 per cent of the confectionery business EBIT. Challenges with service levels continued at the Leicester factory, negatively affecting the results. In the UK, higher raw material prices could not be entirely added into selling prices.
Raisio produces confectionery in the UK and Czech Republic. The UK-made confectionery is largely sold in the UK market while the confectionery made in the Czech Republic is exported to more than 30 countries in addition to sales in the Czech Republic.
Raisio has well-known brands of its own and the company is a versatile, cost-effective branded product producer for its contract partners and retailers.