Emmi Remains on Track
Emmi generated sales of SFr1.675 billion in the first half of 2018 – an increase of 4.7 % (2.4% in organic terms) compared the first six months of the previous year. EBIT rose by 5.1 % to SFr95.0 million, while the EBIT margin remained stable at 5.7 %. The Swiss dairy group achieved an adjusted net profit of SFR72.1 million up from SFr66.0 million in the previous year as adjusted net profit margin improved from 4.1% to 4.3%.
Urs Riedener, chief executive of Emmi, comments: “The positive sales performance was broad-based. We are delighted to have achieved organic growth in the three major business divisions.”
Emmi remains on track to meet its sales and earnings targets for full-year 2018 – sales growth 1.5 % to 3.0 %, EBIT of SFr205 million to SFr215 million and net profit margin of 4.5% to 5.0%. The only change is that the forecast for the business division Europe has been revised upwards to between 2 % and 4 % (from 1 % to 3 %).
