Keystone-SDA
Emmi significantly increased its turnover over the first six months of the year, but its net profit fell. The dairy products transformer highlights the solidity of its commercial model in a “difficult” economic context.
(Keystone-ATS) From January to the end of June, the income of the Lucerne group experienced 12.6% to 2.27 billion francs over a year, he said in a statement on Wednesday. Negative exchange effects of 3.5% weighed on the evolution of turnover, specifies Emmi.
The company attributes this performance to its choice to move towards consumption trends, which allowed it to “face a difficult market environment”, but also its acquisitions, and more particularly the resumption of the Mademoiselle Desserts group in October 2024.
In addition, it claims that the growing markets that are Brazil, Chile and Mexico, as well as strategic niches such as ready -to -drink coffee and high -end desserts of Italian companies have made a significant contribution.
Affairs contributed 11.8% to the group’s progression. Organic growth amounts to 4.4%, “supported by a positive evolution of volumes”.
The operating profit before interest and taxes (EBIT) increased by 3.6% to 145.4 million francs, the related margin, however, fell to 6.4%, compared to 7% a year earlier. As for net profit, it dropped by 6.9% to 97.2 million.
The figures presented more or less meet the average expectations of the analysts consulted by the AWP agency.
For the whole year, management revives its organic growth upwards, now aimed at an increase of 2.0 to 3.0%, against 1.5 to 2.5% before. It leaves its forecast for an unchanged Ebit from 330 to 350 million francs, as is that of the clear profit margin expected between 4.8 to 5.3%.
