FDBusiness.com

Emmi Exceeds Sales Targets

 Breaking News
  • Hilton to Purchase 50% of Leading Vegetarian Manufacturer Hilton Food Group, the leading specialist international food packing business supplying major food retailers in Europe and Australia, has agreed to purchase a 50% shareholding in Dalco Food, a leading vegetarian product manufacturer based in Oss, the Netherlands. Hilton has agreed to enter into a joint venture agreement with Dalco’s shareholders, which includes an option [...]...
  • Great British Cheese Awards Winners Announced The winners of the Great British Cheese Awards have been announced. The Great British Cheese awards were established three years ago to celebrate the best of British cheese produced and distributed by independent cheese makers and retailers and this year, both established artisan brands and new cheesemakers have taken top awards. The category winners are: Artisan Producer – Tenacres, [...]...
  • Over 90% of Sampled Salt Brands Globally Found to Contain Microplastics Over 90% of sampled salt brands globally were found to contain microplastics, with the highest number coming from salt sourced in Asia, according to a new study co-designed by Kim, Seung-Kyu, Professor at Incheon National University and Greenpeace (www.Greenpeace.org) East Asia.[1] The study, which has been published in Environmental Science & Technology, a peer-reviewed scientific journal, [...]...
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...

Emmi Exceeds Sales Targets

Emmi Exceeds Sales Targets
February 04
12:33 2011

Despite the difficult trading environment, Swiss dairy group Emmi achieved sales slightly higher than expected due largely to the strong performance of its latest acquisitions and encouraging international growth. The group net profit margin for 2010 is expected to be slightly over 3%.

Emmi generated net sales of SFr2.68b (Eur2.1b) in 2010, an increase of 2.5% on the previous year. When adjusted for the effects of acquisitions and currencies, organic growth was 1.3%.

Net sales in Switzerland rose by 0.4% to SFr1.95b as strong performances by brands including Emmi Caffe Latte, Kaltbach and Luzerner, coupled with the acquisitions of Fromalp and Nutrifrais offset the fall in prices resulting from lower milk prices and the loss of a major customer in the course of 2009.

Emmi achieved an 8.4% increase in net sales in international markets to SFr732m. This was chiefly due to the encouraging performance of Emmi Roth USA, growing exports of cheese and Emmi Caffe Latte, the collaboration with Venchiaredo and the expansion of the Trentinalatte brand in Italy, and the acquisition of Fromalp. A more positive consumer sentiment in Emmi’s key markets helped to cushion the effects of the strength of the Swiss franc. In local currencies and adjusted for acquisitions, international growth of 9.4% was achieved.

“The results show that we are on track with our strategy. The focus on major key markets and the strengthening of successful brand platforms are showing the expected positive effects,” says Urs Riedener, chief executive of Emmi.

Raw milk prices are expected to remain at the prior-year level in the first half of 2011, while prices for other raw materials (coffee, fruit and cereals) and packaging costs are likely to rise. Emmi expects consumer sentiment to remain stable in its two most important foreign markets, namely Germany and the US. The strength of the Swiss franc will result in further price rises. The effect of these on the customer demand, especially for cheese, remains a risk.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements