Emmi posts good annual results despite difficult market environment

Emmi Group has revealed its annual results, revealing solid organic growth of 3.5% for the year 2023, despite a continually demanding market environment. After adjusting for currency and acquisition effects, its sales increased slightly by 0.3%, reaching CHF 4,242.4 million. The company benefited from its strategic focus on specific markets and niches, which contributed to a significant improvement in its annual results. Adjusted earnings before interest and taxes (EBIT) and adjusted net profit margin were CHF 295.4 million and 5.0% respectively, at the upper end of the target range.

For the financial year 2024, Emmi forecasts moderate organic sales growth of 1% to 2%, but expects an improvement in EBIT (CHF 295 million to CHF 315 million) and net margin of profit (5.0% to 5.5%). The company remains faithful to its medium-term objectives. The continued portfolio transformation and focus on profitable growth played a key role in these positive results. Emmi also made progress in its sustainable commitment, publishing its 7th sustainability report and proposing a dividend increase of 6.9% to CHF 15.50 per share.