Emmi significantly increases Group sales
Date 01.30.2019 | Category: News
Emmi increased Group sales by 2.8 % to CHF 3,457.4 million in 2018. In organic terms, i.e. excluding currency and acquisition effects, this resulted in growth of 2.3 %, the strongest increase since 2014. Pleasingly, this growth was broad-based across the business divisions Switzerland (+0.6 %),Americas (+5.6 %)and Europe (+4.4 %).
Success factors included Emmi Caffè Latte (Switzerland and abroad), Italian speciality desserts, international goat’s milk products (particularly in the US and Netherlands) and dynamic development in Tunisia and Chile.
Said Emmi’s CEO Urs Riedener: “We are pleased that we have achieved significant organic growth. With the focus on brand expansion, the good performance of niche areas such as Italian speciality desserts and goat’s milk products, and the upswing in the emerging markets of Tunisia, Chile and Mexico, we are also achieving the right quality of growth. We anticipate that the acquisitions made in recent years will continue to strengthen our sales performance.”
The company will issue its forecasts for sales and earnings in 2019 when the figures for financial year 2018 are published. The analysts’ and media conferences will take place on Thursday, 28 February 2019 in Lucerne. For more visit emmi.com
Source: EmmiAuthor: COX