Raisio plc

Oikein hyvää elokuista keskiviikkoa täältä Raisiosta. Meillä on ollut todella vaiherikas ensimmäinen puolivuosijakso syystä, jotka kaikki valitettavasti tunnemme. Raisio aloitti uuden strategiajakson 2.2. ja ensimmäiset viikot siitä sujuivat täysin suunnitelman mukaan ja odotetunlaisesti, mitä tulee and economic development. At the end of February, the attack on Ukraine started. However, it changed our agenda for the spring. Of course, only temporarily, but in any case, so that we had to interfere with the construction of the company and, of course, take advantage of many other issues. The prices of raw materials went up really high. and at the same time, their availability was questionable throughout the spring. However, the quick and decisive countermeasures brought the profitability of the harvest closer to acceptable when the half-year period came to an end. It can be said that we have achieved strong growth throughout the half-year period, and especially the significant improvement in profitability towards the end of the second quarter. So, all in all, a growth of almost 14% in turnover, and at the same time, a decline in turnover when we look at the entire half-year period. And that is precisely where this completely exceptional and very fast raw material costs energy costs, and packaging costs. There was a dramatic increase in all of them very quickly. The sale of consumer brands in Finland has been very famous. At the same time, the B2B business has grown remarkably in terms of comparison. Price increases have been made, of course, during the spring to more investments. However, the most significant investments came at the beginning of June, when they fixed, presumably, the profitability of the second quarter. It should also be noted that investments in sales and marketing increased significantly in relation to the comparison period. In Q2, the turnover rose still two-digit numbers, and the turnover, comparatively speaking, rose absolutely above the previous year. Of course, in such a way that the turnover is about one million euros more than in the previous year. The greatest risks, namely the greatest risks of scarcity of raw materials, are not yet completely over. Fortunately, Uusi sato on osoittautunut. Odotukset sen suhteen kohtuullisen hyviksi. Joka tapauksessa paljon paremmiksi kuin katastrofaalinen sato kato vuosi 2021. Toisin sanoen, kovimmat hintapaineet ovat helpottaneet, mutta edelleen historiallisen korkeat. and for this reason, we went through the exceptional price improvements, which, as mentioned, restored profitability closer to what it was used to at the end of the inspection period. The rapidly rising raw material prices cannot be seen in the money flow, i.e. the fact that the price of grain rose over €400 per tonne, and of course we did not have any alternatives at that point, because we wanted to protect toimituskykymme, niin nämä heittämättä näkyvät kassavirrassa. Samoin kuin se, että halusimme samalla kannustaa talousvaikeuksissa olevia viljelijöitä, yhensimme heille keväällä viljojen maksuaikoja ja tarjosimme myöskin ennenkäyttämättä tai ennennäkemättömän tavan, jossa tarjosimme ennakkomaksua tulevasta sadosta We wanted to make sure that the farming areas would be as large as possible, and that there would be funding for production. This would encourage us to go as far as possible. Of course, the fact that raw material availability in Finland is good, affects us all in general, because there is also a question of safety. for all of us Finns. But these exceptionally weak numbers in terms of the currency will, of course, improve as we move forward in time. At the same time, in terms of investments, we see that the strongest investment period is behind us, and we have invested in future growth assets, that we are actively trying to use. The Raisio government issued a new order on the 15th of June, in which we expect 220-230 million euros in the future, and at the same time a comparable turnover of about 17-20 million euros. The exchange rates still represent the price development of demand and raw materials, related uncertainty, which hopefully, as we go on for weeks, will also fade away. A look at our two business segments. First, healthy food supplies, and there we decided very quickly to first stop all export operations to Russia. A few days after this brutal attack began, We started to work, we learned the lesson and at the same time we started to look for a solution to totally separate from Russia as soon as possible. The sale of the Russian consumer transports was carried out at a very fast pace, so that on the 12th of May, in practice, all supplies to Russia were out of stock and were to be. In terms of health needs, this action we mentioned earlier also affected the fact that the share of Central and Eastern Europe in the sale of our health needs decreased significantly, and thus the development of climate change is of course negative. Ukraine is also included in this, where our small organization is still actively selling agricultural products. despite the very serious situation. Western Europe and Northern Europe have performed very well, both in the fourth year. And the trade developed positively. With Q2, plus 6%, I mean 25 million euros, and the trade result also reached absolute values. The sale of beef products, Myynnin kehitys täysin ennätyksellinen, upea, yli 31 prosenttia vertailukauteen nähden. Samalla on nähty kasviproteiinien markkinassa haasteita. Paljon on puhuttu muun muassa julkisuudessa vekekuplan puhkeamisesta. Me kuitenkin uskotaan siihen, että pidemmän aikavälin kasvunäkymät ovat edelleen positiiviset. Vaativat toki innovaatioita, hintapisteiden muuttumista ja niin edelleen, mutta uskomme tähän vahvasti. Kaiken kaikkiaan suurimmat kustannuspaineet kohdistuivat viljapohjaisiin tuotteisiin, ja edellä mainitut hinnankorotukset ovat erityisesti kohdentuneet viljapohjaisiin tuotteisiin, ja kannattavuutta on näin pystytty merkittävästi parantamaan. Terveellisten ainesosien osalta siellä myöskin rakenteessa tietysti tapahtui iso muutos, sillä kalarehut Raisio Aqua osakeyhtiö luokiteltiin myytävänä olevaksi liiketoiminnaksi ja raportointiin näin lopetettuna toimintana. Eli terveelliset ainesosat tästä edes koostuvat sekä suomalaisesta viljasta tehtyihin laadukkaisiin ainesosiin teollisuusasiakkaille Suomessa ja maailmalla. Sen lisäksi MENEKO-lisensointi on toinen merkittävä liiketoiminta-alue tässä yksityössä. The retail markets are global, but our main focus is in Europe. We have announced on 31st of May that we will start selling fish. The sales activities have been started at the beginning of the summer. The goal is that the sale will take place during this period. The turnover increased by 22% compared to the comparison period. The turnover increased by about 16%. This means that the price increases have also been carried out here, but there are still no full-scale effects. A very exceptional period in both our business units. Even though this war has caused a ruckus in the short term, ylpeä siitä, että olemme organisaatioon pystyneet nopeisiin päätöksiin, nopeaan sopeutumiseen ja olemme pystyneet siirtämään katseen eteenpäin, selvitämme rakenteet uuteen tilanteeseen, mutta mikään vuosi sitten päivittämästämme strategiasta sen painopisteen alueesta ei ole muuttunut. but we still believe in our health growth strategy and the opportunities that we believe will bring megatrends to our growth. Green food, healthy life, and in general, sustainable food production are things that no one can deny. In other words, the termination of Russian business and trade and the sale of rations will not change our strategy edes valittujen painopisteiden, pistealueiden edistämistä suunnitelmien mukaisesti myös tulevaisuudessa. Ja nyt laitamme tietysti yhä vahvemman fokuksen strategian edistämiseen, kun olemme saaneet nämä rakenteelliset muutokset maaliin. Olemme runsas vuosi sitten antaneet taloudelliset tavoitteet strategiakaudelle, This is the result of the first half of the year, where the growth of the three-point area of the fire exchange rate is about 9%. As mentioned, we still believe that we can continue this good trend. All in all, what has happened during the first half of the year still strengthens että teemme työtä tarkoituksemme eteen ruokaan suurella sydämellä, terveyttä meille ja maapallolle. Uskomme Räisijon hyvään etenemiseen myöskin, kun etenemme ajassa. Kiitoksia omasta puolestani ja oikein hyvää loppukesää ja alkavaa syksyä.