Fazer Group’s turnover amounted to €1,4 million in 2009 compared with €1,15 million in 2008. The operating profit stood at €44.5 million compared with €135 million in 2008.

The comparison does not give a full picture of developments, however, as LantmÔ

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¶d was not included in the figures for 2008 and the figures for Fazer Konfektyr are noted in the result as an affiliated company. In addition, figures for 2008 includes capital gains of €90.3 million related to the sale of the Pick & Mix confectionery concept.

The comparable turnover fell by 8.8 per cent compared with the previous year. The exchange rate effect accounted for around 55 per cent of this reduction. The Group’s operating profit, excluding sales profits and losses, amounted to €45.5 million compared with €44.6 million in 2008.

In 2009, Fazer developed its organisation in order to achieve increased performance. Three of Fazer’s divisions ” Bakeries, Confectionery and Russia ” were combined to form a new Bakeries & Confectionery business area. “The challenge for 2010 is to get the new organisation structure function efficiently, achieve the planned synergies and to meet our growth targets,” says group president Karsten Slotte.