FDBusiness.com

Emmi Boosted By Strong International Business

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

Emmi Boosted By Strong International Business

Emmi Boosted By Strong International Business
August 31
11:22 2012

Swiss dairy group Emmi has posted a 2.2 % increase in net sales in the first half of 2012 to SFr1.34 billion (Eur1.1 billion), with strong growth in its international business. EBIT and net profit were both affected by an extraordinary gain. Adjusted for this effect, earnings before interest and taxes (EBIT) rose by 8.2 % to SFr61.7 million, while net profit increased by 11.4 % to SFr39.3 million, resulting in an EBIT margin of 4.6 % (prior year 4.4 %) and a net profit margin of 2.9 % (prior year 2.7 %).

Emmi has recovered from the currency fluctuations in 2011. Group-wide sales growth of 6% to 8% and EBIT of SFr130 million to SFr145 million for full-year are realistic goals. The target range for net profit margin has been left at approximately 3 %.

Emmi’s sales in Switzerland declined by 4.1 %, reflecting the current difficult situation for the retail, wholesale and catering sectors. Net sales in all product groups, excluding cheese, were reduced to a total of SFr905.3 million (prior year SFr943.7 million). However, Emmi’s international business posted a pleasing 18.4 % increase in sales to SFr433.9 million. In organic terms, when adjusted for acquisition and currency effects, the change amounted to -1.1% (group level), or -4.8% (Switzerland) and +8.4% (international). Net sales are in line with the targets set by the company at the start of the year.

DUrs Riedener, chief executive of Emmi, comments: “We have mastered the continuing challenging environment extremely well. Our strong result is thanks to various established brand platforms and the pleasing performance of our latest acquisitions abroad. Our solid strategy has proven to be robust over the long term.”

 

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements