Financial Statements Bulletin of
Taking the driver's seat on the market roller coaster
FINANCIAL DEVELOPMENT IN BRIEF
January-
- The Group's net sales totalled
EUR 233.6 (236.3) million, which signified a decrease of -1.2%. -
Comparable EBIT was
EUR 27.7 (27.3) million, accounting for 11.9 (11.5)% of net sales. EBIT increased 1.8% in relation to the comparison period. -
EBIT was
EUR 28.9 (27.3) million, which accounted for 12.4 (11.5)% of net sales. -
The overall effect of currency conversions was
EUR -2.5 (1,2) million on net sales,EUR -0.4 (0.2) million on the comparable EBIT andEUR -0.4 (0.2) million on EBIT. -
The Healthy Food Segment's net sales totalled
EUR 135.3 (137.5) million. EBIT wasEUR 18.6 (18.2) million, which accounted for 13.7 (13.2)% of net sales. -
The Healthy Ingredients Segment's net sales totalled
EUR 125.6 (124.6) million. EBIT wasEUR 12.6 (12.5) million, which accounted for 10.0 (10.0)% of net sales. -
The Group's cash flow from business operations after financial items and taxes totalled
EUR 34.7 (23.3) million. - The comparable return on investments (ROIC) was 11.1 (13.9)% and the return on investments (ROIC) was 11.7 (13.9)%.
The Board of Director's dividend proposal for the Annual General Meeting isEUR 0.13 per share.
October-
- The Group's net sales totalled
EUR 53.9 (54.5) million, which signified a decrease of -1.1%. -
Comparable EBIT was
EUR 4.4 (4.3) million, accounting for 8.2 (7.9)% of net sales. EBIT increased 2.6% in relation to the comparison period. -
EBIT was
EUR 5.5 (4.3) million, which accounted for 10.2 (7.9)% of net sales. -
The overall effect of currency conversions was
EUR -1.6 (0.8) million on net sales,EUR -0.3 (0.2) million on the comparable EBIT andEUR -0.3 (0.2) million on EBIT. -
The Healthy Food Segment's net sales totalled
EUR 33.9 (35.0) million. EBIT wasEUR 4.2 (4.1) million, which accounted for 12.4 (11.6)% of net sales. -
The Healthy Ingredients Segment's net sales totalled
EUR 26.4 (25.7) million. EBIT wasEUR 1.8 (1.8) million, which accounted for 7.0 (7.1)% of net sales.
KEY FIGURES OF THE GROUP
10-12/2020 | 10-12/2019 | 1-12/2020 | 1-12/2019 | ||
Net sales | M€ | 53.9 | 54.5 | 233.6 | 236.3 |
Change in net sales | % | -1.1 | -2.0 | -1.2 | 3.5 |
Comparable EBIT | M€ | 4.4 | 4.3 | 27.7 | 27.3 |
Comparable EBIT of net sales | % | 8.2 | 7.9 | 11.9 | 11.5 |
EBIT | M€ | 5.5 | 4.3 | 28.9 | 27.3 |
EBIT of net sales | % | 10.2 | 7.9 | 12.4 | 11.5 |
Comparable EBITDA | M€ | 5.9 | 5.9 | 33.9 | 33.6 |
EBITDA | M€ | 7.1 | 5.9 | 35.1 | 33.6 |
Comparable earnings per share | € | 0.03 | 0.03 | 0.14 | 0.16 |
Earnings per share | € | 0.04 | 0.03 | 0.15 | 0.16 |
PRESIDENT AND CEO
The previous year tested Raisio's ability to act agilely in the face of very rapidly changing conditions. The financial year was marked by fast changes in demand during the spring, changes in consumer behaviour as a result of lockdowns, currency fluctuations, remote working and the continuous state of alertness to prevent negative impacts from the pandemic. I can proudly state that our organisation showed both extreme flexibility and commitment, and we managed to accomplish an excellent operational performance.
The achievement of the partial goals for the second year of our triennial strategy period proved, from the start of March, to be highly challenging, particularly in terms of the expansion to new markets. The realisation of broader research projects, especially clinical studies, will, for the most part, be postponed until a point at which the pandemic is behind us. Commitment to our purpose and strategy remains resolute. The core aim of our strategy period is to increase our oat business. The internationalisation of oat products has advanced despite the challenging conditions. As a single market,
The uncertain political situation in the
Despite the exceptional situation, the euro-denominated net sales for the financial year declined only marginally to
In terms of investments, the financial year was intensive. We invested altogether
The second year of Raisio's responsibility programme, Good Food Plan 2019−2023, was characterised by the COVID-19 pandemic and efforts to minimise its impact, as well as efforts to support the virtual working methods of the personnel, as many employees shifted to remote working whenever possible. Despite the exceptional year, several significant steps were taken towards the achievement of the goals of the responsibility programme. One of these was the decision to build a new heating plant at the Nokia mill. Once the plant is completed, in summer 2021, all of Raisio's own production facilities will run on carbon-neutral energy. We have also continued systematic work geared to finding new cardboard-based packing solutions for both our current products and new products we will be launching in the future.
Personally, I am extremely proud of the fine work of the personnel, carried out in unusual circumstances, and I want to warmly thank each of my colleagues at Raisio. We have shown that we control the direction of the roller coaster; we are not content to just take the role of passenger, even within a difficult operational environment.
OUTLOOK 2021
Raisio's guidance: In 2021, Raisio estimates that net sales will grow from the level of the comparison period (net sales in 2020:
In Raisio,
Board of Directors
Further information:
Pekka Kuusniemi, President and CEO, tel. +358 50 537 3883
Raisio's financial releases in 2021
The Report of the Board of Directors, Financial Statements and the Corporate Responsibility Report for 2020 will be published on
Raisio's Interim Report for January-March will be published on
Raisio's Half-Year Financial Report for January-June will be published on
Raisio's Interim Report for January-September will be published on
The Financial Statements Bulletin has not been audited.
Raisio is an international company specialized in healthy, responsibly produced food, ingredients and fish feeds. Our well-known brands include, for example, Benecol®, Elovena®, Sunnuntai®, Torino® and Benella®. In Raisio's products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio's shares are listed on
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