FDBusiness.com

Candy Plus Boosts Raisio Profits

 Breaking News
  • Younger British Consumers Turn Over a New Leaf on Tea New research from Mintel reveals that as many as 37% of British consumers aged 25-34 have drunk 5-6 different types of tea at home or in the workplace over the past month*, compared to just 3% of those aged 55+. Furthermore, Brits aged 25-34 are the most likely to drink every variety of tea tracked by [...]...
  • Irish Consumer Confidence Hits New High Consumer confidence in Ireland has hit its highest level since the recession and is now the fourth most confident country in Europe, according to the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions. The Republic of Ireland’s Consumer Confidence Index score – which measures attitudes each quarter on topics including personal finances and job prospects [...]...
  • Fifth Acquisition For Frutarom in 2017 Frutarom Industries, one of the world’s 10 largest companies in the field of flavours and natural specialty fine ingredients, continues its momentum of acquisitions and the implementation of its rapid and profitable growth strategy by agreeing to purchase of 100% of the shares of the UK company Flavours and Essences (UK) Ltd (F&E) for approximately [...]...
  • Market-leading Food Contact Conference, Plastics & Paper in Contact with Food – 4-7 December, Berlin Over 200 experts from across the food contact industry will come together in Berlin, Germany from 4–7 December 2017 to attend Smithers Pira’s Plastics & Paper in Contact with Foodstuffs (P&P) –http://www.food-contact.com/plastics-paper. With the European Commission having recently published EU regulation 752/2017 amending EU Regulation 10/2011 on plastic materials and articles intended for food contact, all [...]...
  • Croxsons’ Stunning Black Bottle For 6 O’Clock Gin’s Limited Edition Debut Leading glass packaging company Croxsons has supplied Bristol based distiller, 6 O’Clock Gin, with a stunning black bottle for their first limited edition gin product – the Brunel Edition. Since Bramley & Gage’s partnership with Croxsons for the re-launch of their 6 O’Clock gin, the Brunel Edition is the first limited edition gin for 6 O’Clock [...]...
  • Carlsberg Group Remains on Course Carlsberg Group has announced organic and reported net revenue growth of 2% to DKr31.77 billion (€4.27 billion) for the first half of 2017 although group beer volumes fell organically by 3%, chiefly due to a decline in Russia. Operating profit was up 15% organically, with all three regions – Western Europe, Eastern Europe and Asia [...]...

Candy Plus Boosts Raisio Profits

February 13
09:32 2014

Finland-based food group Raisio have reported higher annual profits, helped by improved sales from confectionery arm Candy Plus.

Raisio’s net profit more than doubled from EUR12m (US$16.4m) in 2012 to EUR26.2m in 2013. Its bottom line in 2012 had been hit by a spike in financial expenses.

The company upped its operating profit despite lower sales. Net sales were down 4.5% at EUR557.6m, in part due to 2012 including businesses Raisio sold over the last year, including a non-dairy division.

However, the Honey Monster owner also pointed to a fall in breakfast cereal sales in the UK due to “low promotional levels” and, notably, “negative publicity related to sugar”.

Nevertheless, EBIT was up from EUR31.7m in 2012 to EUR33.6m in 2013. Raisio said EBIT from its branded business rose from EUR34.9m to EUR35.7m. The company said its acquisition of Candy Plus, struck in November 2012, helped earnings from its business in western Europe.

Sales of Benecol products helped branded profits in northern and eastern Europe. However, Raisio said EBIT from the Benecol business itself fell due to decreased sales volume of plant stanol ester and contract manufacturing.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements