Raisio plc (0CIJ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good, beautiful, beautiful midday of August. Welcome to follow Raisio's half-year review. My name is Pasi Flinkman, I am the executive director of the company and with me is Mika Saarinen, our financial manager. Hello. Let's get straight to the point. The strategy phase has started, mainly according to the plans. However, we are still left with the target level in the trade. This is due to the low-priced domestic industry sales as well as the sale of vegetable protein business. The impact of the stock market was about 1.4 million euros. In consumer products, we have had a strong, target-based market, faster growth in the upper line, For example, in the Finnish market, the full-time grocery store has increased by about 1.6% in the first half of the year, while our breakfast and snacking segment has increased by 3.7% and the hardware by 9.1%, so the market is clearly faster. And consumer products have also gained growth from all major markets and major brands. Their profitability has also been improved. In the first half of the year, the use rate increased by over 12% and the turnover by 20%. We are very satisfied with that. In the second quarter of the year, the consumer products we have made the market grow faster, but the challenges of industrial sales are visible, especially in the second quarter of the year. Here are the challenges of industrial sales in the background of the same home country industry, and in addition, the sequestration of the plant-based ester operations. The fluctuations in the plant-based ester operations between different quarters are completely normal. In the first quarter of the year, they were quite large. In the second quarter, they were less large, but in the first quarter of the year, there was no drama, nor was there any expectation of...