The Vaasan & Vaasan Group has
published
its
Annual
Report
for 2008. The report can be read
electronically
by
clicking
on this link. Printed
copy can
be
found
on our
internet page:
Company information:
Annual
Report.
Year 2008 was an eventful
year of growth for the Vaasan & Vaasan Group. Group
had a turnover of EUR 416 million and it employed approximately 3,200 people. We
launched a number of important new and innovative products.
Sales growth was good in Fresh Bakery Products and we increased
our market share.Our
units in Estonia, Latvia, and Lithuania all had a good year as well. The Bake-Off business area continued to
grow steadily. We gained a strong new foothold on the Norwegian food service
market by acquiring Culinor AS, a leading company in
the industry. The growth in our operations in Sweden also continued.
The Crisp Bread business area continued
to show stable development. Weaker currencies in some markets brought some
additional uncertainly, but the long-term outlook in this area remains positive.
We launched a business area
–driven organisation on January 1, 2009 in place of the previous country-driven
organisation. This reorganisation should strengthen the Group's growth
potential in our main market areas.
The global economic crisis
is likely to bring continued turbulence, but also new opportunities, which we
will seek to take advantage of. Success here will call for new ways of
thinking, reacting rapidly, and bold initiatives. Our job now is to grasp these
opportunities with both hands and because of our skilled personnel we will continue to bake the consumers' favourite products.
For further information:
Vaasan & Vaasan Group
Kalle
Tanhuanpää
CEO
tel. +358 204 46 2003
The Vaasan & Vaasan Group is the largest bakery business in
Finland and the Baltic region, and the second-largest Nordic operator in
bake-off products. The Group consists of Vaasan & Vaasan Oy
in Finland, A/S Leibur in Estonia, A/S Hanzas Maiznicas
in Latvia, UAB Vilniaus Duona in Lithuania, Nordic Bake Off AB in Sweden and Culinor
AS in Norway. Each Baltic subsidiary is the market leader in its own
country, while Nordic Bake Off AB is the second-largest
producer of bake-off products in Sweden. The Group’s most popular domestic products include
Finland's favourites
breads such as VAASAN RUISPALAT rye bites, VAASAN KOULUNÄKKI crispbread
and VAASAN KOTIUUNIN bake-off products. Vaasan & Vaasan is the second-largest crispbread
producer in the world. Outside Finland, its crispbread
products are sold under the FINN CRISP brand. In 2008 the Group had a turnover of approximately EUR
416 million and employed some 3,200 people.
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