FDBusiness.com

Emmi Boosted By Strong International Business

 Breaking News
  • Heineken Delivers Strong Top-line Growth in 2019 Global brewer Heineken achieved 5.6% organic growth in net revenue (beia) to €23.894 billion for 2019 and operating profit grew 3.9% organically to €4.020 billion. However, the operating profit margin...
  • Molson Coors Partners With e.fundamentals to Help Drive UK Online Sales Molson Coors, one of the world’s largest brewers, has partnered with ecommerce analytics provider e.fundamentals to help drive sales of its beers through retailers’ websites in the UK. E.fundamentals’ service...
  • Manor Farm Wins IFSA Best Sustainable Food Product Award 2020 Irish chicken producer Manor Farm has won the IFSA (Irish Foodservice Suppliers Alliance) Best Sustainable Food Product Award 2020. Manor Farm, received the award for the company’s ‘Farmers to Market’...
  • Heineken Announces CEO Succession Jean-François van Boxmeer (pictured left), Chairman and CEO of Heineken, is to step down following his successful 15 year leadership of the company. He will be succeeded by Dolf van...
  • DMK Group Aims to Optimise Ice Cream Production DMK Group, Germany’s largest dairy co-operative, intends to streamline the production network in its ice cream business unit. This involves selling its Waldfeucht-Haaren production site in North Rhine-Westphalia. Schwarz Produktion,...

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.”

 


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements