Fazer Group: publishes Annual Review 2017

Helsinki / FI. (fg) Finland’s Fazer Group announces strong progress in transforming the Group into a modern sustainable food company. Like the world around us, Fazer is also continuously transforming. 2017 was a year of renewal and innovation for the company. The Group has now published its Annual Review 2017.

The company has defined a new strategy for 2018–2022. The focus for the coming years is on value creation through portfolio choices, growth, continued operational excellence and structural improvements.

The ambition is to reach an annual net sales growth of 6 to 8 percent and a Group Ebitda level of at least 12 percent. The Group will be a modern, sustainable food company with a joint strategic direction. The company aims to strengthen the consumer focus and establish itself as an innovative trend setter. the target is to be in the top 2 in its categories in selected Northern European markets.

To reach the strategic targets, the Group builds on a broad offering of high-quality products and services, the dedication and expertise of its personnel, high performance culture and distinguished brands. Fazer combines a strong heritage with bold innovations to offer superior tastes and memorable experiences. The company will continue to ensure that sustainability has an important role in everything it does.

Fazer is an International family-owned company offering quality bakery, confectionery, biscuit and grain products, plant-based meals, non-dairy products, on-the-go food + drinks as well as food and café services. Fazer’s mission is Food with a Purpose. he Group operates in eight countries and exports to around 40 countries. Fazer’s success, ever since its establishment in 1891, has been based on the best product and service quality, beloved brands, the passion of its skilful people and the Group’s responsible ways of working. In 2017, Fazer Group had net sales of 1.6 billion EUR and nearly 15’000 employees. Fazer’s operations comply with ethical principles that are based on the Group’s values and the UN Global Compact. Read more about the Group’s strategy, performance, brands and corporate responsibility here.