Message from the Chairman
The RAR Group incorporates a diversified portfolio of businesses, divided into areas as Food, Packaging, Real Estate and Services and is headed by RAR – Sociedade de Controle (Holding), S.A.

Despite to operate in a turbulent economic environment and against a background of more or less universal economic and financial crisis, it was therefore possible to improve the Group’s performance and to continue to reduce its debt, reflecting the improvement in operating performance and reduction in financial debt which have been the focus of attention of all the RAR Group companies.

The diversified portfolio and our aim to improve the competitive positions of the Group’s businesses, the systematic search for innovative value creation solutions and the support of a strong, resilient and well prepared Team allow us to face future challenges with confidence.

Although we foresee the future as particularly challenging we believe it will be possible to continue to grow the Group´s main businesses and to improve their robustness.

Nuno Macedo Silva