Raisio has created the place of M&A director to assist drive its acquisition agenda underneath the Finnish well being meals group’s new technique and construction.
Anni Palmio has been appointed to the position, becoming a member of the publicly listed Benecol model proprietor from one other Finnish CPG firm, Paulig. There, she was the technique and M&A supervisor since 2019. She has additionally held model and advertising and marketing roles at frozen-food agency Findus (Nomad Meals) and in confectionery at Haribo.
CEO Pasi Flinkman launched a brand new three-year technique in March, replete with a recent set of monetary targets and a change in enterprise construction, together with an inherent plan to extend market share by acquisitions. Entry into new classes would additionally characteristic within the targets.
To help Palmio, Raisio mentioned at present (12 August) that it has additionally now shaped an M&A committee. It can help the corporate’s board within the “processes and the event of strategic work associated to M&A”.
“Acquisitions can strengthen Raisio’s market positions, assist the corporate’s present development classes or assist increase into new classes. We’re delighted to welcome an M&Knowledgeable with sturdy FMCG expertise to our group,” Flinkman mentioned in an announcement at present.
Raisio reorganised its enterprise within the spring into two bodily, category-focused areas, and a 3rd to focus on new enterprise.
Breakfast and snacking, and coronary heart well being, kind the primary two. In these areas, the Elovena granola oatmeal and oat drinks model proprietor mentioned it could search to outpace market development.
Along with the Benecol cholesterol-fighting yogurt and spreads line, Raisio additionally owns the Torino pasta model and Nalle porridge. The enterprise additionally provides the B2B sector with oat-based components.
Raisio additionally reported its first-half ends in a separate announcement at present.
Web gross sales dipped 0.4% to €112.4m ($130.4m) within the six months by June, whereas earnings rose within the double-digit space.
Comparable EBITDA climbed 12% to €18.7m and EBITDA was up 17% at €18.1m.
Comparable EBIT elevated 20% to €14m and common EBIT rose 28.8% to €13.4m.
Earnings per share edged as much as €0.07 from €0.06.
Raisio laid out some longer-term targets in March to accompany the restructuring.
It set a aim to realize €250m in gross sales by the top of 2027, representing a greater than 10% enhance in natural phrases from final yr’s print of €227m.
The corporate can also be concentrating on EBIT of €30m over the technique interval, round 28% greater than the €23m recorded in 2024.
Flinkman commented on the newest outcomes: “Consistent with the targets and plan for this technique interval, which emphasised enhancing profitability initially of the interval, our earnings have developed quicker than our gross sales throughout the first half of the yr.
