Raisio Annual Review / Year 2018 Raisio’s Annual Review 2018 has been published in https://annualreview2018.raisio.com/. Raisio Oyj This page is part of the annual review. Contacts
[email protected] Raisio Annual Review / Year 2018 / Chief Executive's review CEO’s review: Raisio is an international brand house focusing on healthy food For Raisio, the year 2018 was a period of strong renewal and construction. Now the company has a clear focus: healthy food. In 2018, we built a solid foundation for our next steps. Our purpose and values defined together with our employees create the basis for all our work and guide the decision-making. In line with the strategy, we will focus on securing the growth and profitability of its core operations in 2019. Raisio’s further strengthened balance sheet enables the company to implement its long-term growth strategy. Building a united Raisio 2018, an eventful year In 2018, several separate events affected Raisio’s sales and profitability. For Raisioaqua, the second half of 2018 was exceptional as in August, the Russian authorities closed the border. The import ban of fish feeds resulted in the EBIT decrease of EUR 2.5 million on the comparison year. After the border was reopened in December, Raisioaqua continued to finalise the 2019 fish feed contracts. The Russian customers’ confidence in Raisioaqua remains very high. EBIT was affected by the planned increase in marketing costs and the challenges in the Russian and Polish consumer product markets. EBIT for the Russian and Polish operations was down by EUR 2 million on the comparison year.