Financial review

Raisio Group’s comparable EBIT of EUR 50.7 million was a good performance in a situation where the exchange rate changes of the British pound had a negative impact on EBIT. With comparable exchange rates, Raisio would have clearly exceeded the comparable EBIT of 2015.

Raisio’s year 2016

• EBIT* 50.7 (51.7) M€
• EBIT* 11.6 (9.9)% of net sales
• Net sales 436.3 (521.2) M€
• Net sales change -16%  
• Impact of the British pound on EBIT -3 M€ and on net sales -20 M€
• The Board’s dividend proposal EUR 0.17 (0.16) per share
• Return on investment improved to 11.6%

*Comparable EBIT

Raisio’s EBIT 2007 - 2016

With comparable exchange rates, Raisio

Raisio’s dividends 2007 - 2016

If the Board’s dividend proposal is approved by the Annual General Meeting, Raisio has increased its dividend for 10 consecutive years.

Main events in 2016

• The Group’s relative profitability improved
• Benecol’s market share strengthened in the UK
• Sales of the Benecol ingredient to licensing partners increased in Asia
• Benecol product range expanded with a food supplement Soft Chew 
• Raisio divested its UK snack business and licensed its Honey Monster brand
• Success in new products increased net sales of Elovena brand by almost 10%
• Net sales increase of almost 15% for the Czech confectionery business
• Challenges continued at the UK Leicester confectionery plant
• Brands Division’s key challenge is organic growth
• Benemilk Ltd’s operations for the international commercialisation of the innovation were reduced significantly
• Raisioagro renewed its cattle feed range as customers were shifting to feeds with lower added value
• Raisioaqua launched its Baltic Blend fish feed recycling the Baltic Sea nutrients