Fazer Group reports record net sales, operating result up, but net profit falls
Fazer Group's net sales reached a record high of EUR 1,188.6 million in January-December 2025. The comparable operating result increased, but the period's net result turned negative.
Helsinki – Fazer Group's financial results for January-December 2025 show net sales rose to a record EUR 1,188.6 million, a 0.5% increase year-on-year. The company's comparable operating result improved by 3% to EUR 77.8 million. However, the period's net result fell significantly to a loss of EUR -19.1 million, compared to a profit of EUR 34.7 million in the previous year.
The group's operating result included items affecting comparability, which negatively impacted the earnings. These included an impairment of goodwill for Fazer Lifestyle Foods (EUR -69.5 million) and a write-down of machinery related to xylitol production (EUR -4.0 million), contributing significantly to the period's net loss.
Cash flow from operating activities strengthened by 16% to EUR 127.5 million. Fazer Retail, comprising Fazer Cafés and Gateau bakeries, saw significant growth in Finland, though performance in Sweden did not meet expectations. Net sales in the bakery business slightly decreased due to intensified competition, but the Shop-in-Shop concept achieved record net sales.
In confectionery, Fazer's sales increased in 2025 following a challenging start to the year and rising raw material costs. The Christmas offering and chocolate tablet sales supported growth in both Finland and Sweden. Sales of candies and confectionery also performed well in Norway and Denmark. The company anticipates consumer demand to strengthen in 2026, supported by salary increases and moderate inflation, although private label competition is expected to remain robust.