Chief Executive' review for 2015
In 2015, Raisio improved its EBIT by 48 per cent from the previous year and the Board of Directors proposes that the dividend paid for 2015 will be raised by 14 per cent. Raisio continues with its focus on healthy and ecological snacks which means that we respond to consumer and retailer needs with new innovations and by expanding to new product categories. Competence, innovations and responsibility are at the core of Raisio's operations.
Raisio achieved a record result
Raisio achieved its highest ever results in 2015, EUR 51.7 million excluding one-off items. At the same time, the Group's EBIT margin excluding one-off items rose to 9.9 per cent. EBIT improved by nearly 17 million euros and EBIT margin by almost three percentage points, which is a strong performance in a difficult market situation.
Good results together with efficient net working capital management ensured a record strong operating cash flow of 65 million euros.
The Board of Directors proposes a dividend of 16 cents per share (2014: 14 cents). Raisio's dividend has grown continuously since 2006 showing the longest record of continuously rising dividends on the Helsinki Stock Exchange at the moment. Raisio also has a good history as a listed dividend paying company, as it has paid dividends every year.
Raisio's transformation from a local to international operator
Board's dividend proposal 16 cents/share
Over the past ten years, Raisio Group has gone through transformation from a local operator to an international specialist. The change is seen both in our Brands Division and Raisioagro. In addition, ecology and responsibility are strongly visible in the Group's operations.
Major part of net sales and EBIT for the current Raisio's Brands Division is generated outside Finland. Raisioagro is focused on the cattle and fish feeds and on feeding expertise. Raisio has grown to a profitable operator performing well in the international competition.
Food industry's new opportunities through innovations
Always decreasing food prices are based on false assumptions, as the food chain is affected by global phenomena, such as population growth, urbanisation, fresh water shortage and climate change. These phenomena strengthen the price volatility of raw materials and risks in the food chain.
Particularly science and inventions take the food industry in a new direction. This means, for example, individual, disease-preventing diets that are acquired online. The food industry will be flooding with new inventions. Food can be used to promote health, beauty and intelligence. This certainly will change the competitive situation in the industry.