FDBusiness.com

Emmi Remains on Track

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Emmi Remains on Track

Emmi Remains on Track
August 31
09:30 2018

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 %).

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements