date:Nov 11, 2013
Finnish agri-food company Raisio this week reported its highest ever EBIT in the third quarter, up 8% on the same period last year. However, sales for the company in the last quarter dropped 7%.
CEO Matti Rihko said that the 12 million EBIT for the group during the latest quarter was mainly down to a decision by the company to cut some 'less interesting' businesses from its portfolio earlier this year. These businesses included Nordic Milkfreedom and Soygurt brands, as well as the licences to