Raisio (RAIKV) CMD 2025 summary

Strategic direction and organizational changes

• New strategy for 2025–2027 focuses on long-term growth, shareholder value, and disciplined execution, with a renewed leadership team and a new structure built around three business units: breakfast/snacking/food solutions, heart health, and new business development.

• The company leverages its 'big small company' agility and local decision-making with the resources and synergies of a larger player.

• Divestment of plant-based proteins and focus on expanding core brands, Elovena and Benecol, in Europe, with launches in new markets such as Spain and Denmark.

• Each business unit has clear accountability, dedicated leadership, and resource allocation to drive market-driven decision-making and cost efficiencies.

• Financial reporting will be reorganized to align with the new structure, with two primary segments.

Growth plans and market expansion

• Targeting organic growth above market rates, with a commitment to deliver EBIT of over €30 million by 2027 and net sales of at least €250 million, outpacing the market with a targeted CAGR of 3–4%.

• International expansion is a priority, with Elovena and Benecol entering new European markets; five new Elovena markets opened in the last 15 months and plans to add at least three more by 2027.

• Repeatable, agile market entry model focuses on rapid learning, local adaptation, and exiting underperforming markets; profitability in new markets expected within 1–3 years.

• M&A strategy broadened to include healthier food categories, focusing on established, scalable businesses; target M&A size is €20–150 million EV over the next three years.

• Strong balance sheet, high equity ratio, negative net gearing, and stable cash flow support both organic and inorganic growth, with a history of stable dividends and a policy to pay 50–100% of earnings per share.

Innovation, sustainability, and R&D

• Innovation culture is central, with systematic processes, cross-functional collaboration, and partnerships with startups and students to drive product and platform development.

• Recent product launches include a patent-pending crunchy oat snack bar and a fresh chilled oat drink, both developed through integrated research and consumer insights.

• Long-term research focuses on functional fibers for weight management and future-proofing ingredients, with a pilot plant for fiber production launching in autumn and research partnerships supporting growth.

• Sustainability and responsible sourcing are integral, with near carbon-neutral production, recyclable packaging, and a strong focus on health and nutrition to build a sustainable food system.

• R&D investments are increasing, with both operating and capital expenditures rising to support innovation and new business initiatives.