on Emmi Management AG (isin : CH0012829898)
Emmi stays on course and focuses on strategic acquisitions
Emmi Management AG has announced its sales figures for the first half of 2024. The Group achieved net sales of CHF 2,017.2 million, lower than the previous year (CHF 2,103.4 million) due to negative acquisition and currency effects.
Despite this decline, Emmi posted an improved EBIT margin of 7.0%, thanks to growth in the Europe and Americas divisions and strategic niches such as Emmi Caffè Latte and premium desserts in Italy. The acquisitions of Verde Campo in Brazil, Hochstrasser in Switzerland and the planned acquisition of Mademoiselle Desserts in France are consolidating its positions.
Emmi confirms its organic growth forecast of between 1% and 2% for the full year 2024, with an expected EBIT of between CHF 295 and 315 million, and a net profit margin of 5.0% to 5.5%.
R. E.
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