Raisio plc

Hyvää keskipäivää ja lämpimästi tervetuloa seuraamaan Raisio Oy's puolivuotiskatsausta. Nimeni on Pasi Flinkman ja olen toiminut tässä yrityksen toimitusjohtajana kesäkuun puolesta välistä saakka. Tässä mukana kanssani on talousjohtaja Mika Saarinen, jolla on perspektiiviä Raisiosta hiukan pidemmältä ajalta. Tervehdys. Kuten kaikki muutkin päivittäistavarakaupassa kansainvälisesti toimivat yhtiöt, niin myöskin Raisio on operoinut viime vuosina varsin turbulentissa toimintaympäristössä, mutta ilokseni voin todeta, että ensimmäisellä vuosineljänneksellä on alkanut elpyminen ja palautuminen on jatkunut myöskin toisella vuosineljänneksellä. Raisiolla Volumit on kokonaisuudessaan kääntynyt takaisin kasvu-uralle. Ensimmäisen vuosipuoliskon liikevaihtokasvu on 3,4 %. Kasvu on ollut varsin kannattavaa. Meillä käyttökatteen kehitys plus 11,8 % ja liiketuloksessa 18 %. Despite the fact that we have clearly invested more in our sales, marketing and growth, I am especially happy that the results development has been quite good. This development was more powerful, especially in the second quarter. The turnover growth was 8.8% and the turnover 31.1% and 20.6% in terms of use. The positive development has been quite broad. It has not been dependent on any individual market. In terms of the operating environment, it can be said that The rise in raw material prices has continued for a long time. In some areas, there has been even a slight decline. The price of grain has risen from the highest price peak. At the same time, we do not believe that it will return to what it was before the coronavirus and before the Ukraine war. It has stabilized to a more normal level. What else?

Thank you, Pasi. Next, I will talk about the balance of capital flows. Then we will go back to the business segments. We have had a lot of capital flows. in FOKUX on the basis of normal profitability and growth. In the past, the recovery of the financial sector continued in the first half of the year, and the management of the capital management took a longer time. Now that we have come to this point, and we have a very important raw material, i.e. in the field of raw materials, the rate levels are currently quite low. which may look like a new century, but hopefully this is the case, we will be able to get to the purchase period in light of the new century and current prices. Investments have been similar to last year for a very long time, but in our case, the expected numbers have continued to grow. In other words, the negative sum of the net revenue gain increased in the past. We are now less in debt, with a net debt of minus 20%. Taking into account our strong investments in recent years, this year is no longer the first half of the year. The rate of income has increased significantly. I would also like to note that the capital gain has also improved. It is close to 10, and we will probably try to exceed it at some point. As Pasi mentioned, we have invested and will continue to invest in our our domestic and international sales growth, market access, success, category development, research and product development. In practice, these investments end up in the fact that we keep this power law, i.e. our vision, ahead of the year, related to the year 2024. Hello to the food needs segment. There is a very positive, small but significant change in the slide below. I would like to highlight the role of Western Europe in this, I could say, continuous direction. So, in Western Europe, where the most significant countries are Great Britain and Ireland, there is an ongoing and recurring growth in trade. In Ireland, this has been visible for a long time, and in the UK, both the government and the euro-sourced sales are starting to exceed the index points of the period. And that is, of course, for the whole Raisio Group, the fourth largest sales, this kind of a big market reversal, and the reinforcement for that is something that we are very happy and proud of, and we will continue to work to make sure that this reversal is reinforced. Here we have the Q2 figures for the segment, so here we can see that sales increased by about 4%, The net profit is over 4 million euros, which is over 5 million euros. As Pasi also said, the thing that makes us happy, in addition to the growth and profitability growth and other benefits, is the fact that the broadness of our activities has increased. Let's take a look at the figures of the health resources segment. You can see that this has been quite broad. This improvement is in line with our forecasts and expectations, but now that it's being updated, it's great. The importance of new products is huge. New categories for us. There are new products that consumers have found. Beneko is also an important brand for us. It's the most common brand with us, and it's doing a good job. The plant protein market has been challenging for a long time. The challenges have continued during the U2 and H1 periods. It is market-oriented. At the moment, we operate in the Finnish market, which is a relatively small market, but it is also a trend in Europe and in the wider world, which has been very dominant here and in our volumes as well. which has been shown as a business option, we have fallen short of this in our small and new business area. In this picture, you can see what I have just mentioned. In the last couple of years, we have received a lot of new capacity, specifically in relation to these drinking and drinking-based products, sortimentti- ja tuotekategoria on jo aika laaja, ja ne ruokkii luonnoisesti nämä eri variantit, eri SKU, kuten kutsutaan monen muun kategoriamme, kuten keksit, hiutaleet, monenlaiset muutkin, niin siellä se kehitys on jatkuvaa, ja se tarkoittaa sitä, että kuluttajat löytävät näitä sitten ilahduttavasti uusia variantteja tässä kuvassa osoitettu tavalla, jolloin se merkitys meidän liikevaihtoon on jo melkoinen, ja tämä tietysti kertoo meidän nopeutuneesta kyvystä sitten, niin to product development and to the hearing of consumers with a clear ear. We will go through the elements here. First, we will describe the segment's operating environment and business activities, what they are for and what they are for. In practice, this segment sells different kinds of products. And here, from Q2 of this segment, and here, both in business and in results, a particularly significant level of improvement, especially in crop-based products. Our volume indexes have developed very positively. At the same time, it is noted that the particularly high prices of our old raw material storage made up for the ability to compete in prices. So, the profitability has not been entirely in line with the goals, but overall, as we can see from this whole segment, the report is quite model-like, with a return of more than 10% from the business exchange. A large part of this is also here at our Kasvistano-Liesteri industrial sale, where the volume was extended to H1, a little more than we expect from H2, so in terms of the whole year, the volumes are quite close, still 23 levels throughout the year, but this phasing sequence to this H1 was one of the factors here, which is also positively visible in the business results. Perhaps last but not least, a little bit of what Pasi has already said, that of course we are very interested in In these times, the price and quality of the new Sado that is to be purchased from us, as well as the percentage of the material that needs to be used, are all very important to us. We don't believe that even if the Sado was good, the prices would drop from the current level. We see that they remain in the price range of 1,000 euros, probably over 200 euros per 1,000 euros. In that sense, the price range of raw materials is quite similar to the price range of raw materials. Let's move on to Pasi.

Thank you. As we all know, the importance of prices is easily emphasized in the economic environment. At the same time, megatrends such as health, well-being and sustainable food production are more urgent than ever. These are perfectly suited to our strategy. In addition, we have shown that we have strong brands that we have been able to renew and keep up with the times, and we can do this profitably. That's why our RISEon business and strategy are being built on a sustainable basis. We have a promise to expect a steady and balanced implementation. We will be part of the normal strategy review process in the coming autumn. arvioimaan meidän strategian mahdollisia justeraustarpeita ja terävöittämistarpeita. Sen työn tuloksista me tullaan kertomaan teille sitten enemmän ja tarkemmin ensi vuoden ensimmäisen kvartaalin aikana. Tässä kohtaa haluaisin kiittää teitä ja mielellään koitetaan vastata mahdollisiin kysymyksiin, jos Teillä on jotain chatissa, ei ainakaan vielä näy kysymyksiä, mutta jos on, niin mielellään vastaamme kyllä.

Joo, nyt näyttää silleen, että kysymyksiä ei olla saatu tonne meidän chat-ruutuun, mitä tässä katsellaan samalla, eli näin ollen uskon, että ollaan valmiit sitten kiittämään ja päättämään tämä Thank you.

Thank you very much.