Finnish snack and ingredient group Raisio has booked higher full-year sales and earnings, as a strong showing from its branded food division boosted the top and bottom lines.
The company today (12 February) booked an 8.8% increase in EBIT, excluding one-off items, which rose to EUR34.6m (US$46.4m).
Operating profit at Raisio’s consumer foods business rose 11.3% in 2012, more than offsetting lower profitability at the group’s agricultural arm, Raisoagro, the company said.
EBITDA rose to EUR51.2m, up from EUR48.8m in fiscal 2011. Group net sales increased 5.7%, climbing to EUR584.1m.
“Raisio’s net sales have increased by about EUR240m over three years during the Group’s growth phase. At the same time, our EBIT has doubled,” CEO Matti Rihko said.
Looking to 2013, Raisio said that it anticipates “moderate” sales growth and “solid” operating profit improvement.
Check back later for just-food’s interview with Rihko, detailing the Benecol maker’s global growth ambitions.