Emmi sees 10.6% increase in net sales

Swiss dairy giant Emmi has posted an 10.6% increase in net sales in the 2013 financial year, amounting to CHF3,298 million (€2,698m). “The good result is attributable to the strengthening of international business and the encouraging performance in the Swiss market, which saw organic growth for the first time since 2008,” the company says. Emmi Caffe Latte, Kaltbach and other cheese specialities were all standouts for the firm, along with Swiss yogurt brand Jogurtpur and the lactose free brand good day.
On the domestic side, powder and concentrates increased by 19.9% to CHF72.4 million in Switzerland, while cheese went up by 2.3%. Meanwhile, dairy products internationally improved by an astonishing 84.3%, up to CHF283.8 million. Fresh products also saw good results, up 22.1% to CHF474.7 million.
For 2014, Emmi is anticipating higher prices for packaging, while raw material prices are expected to be stable. Emmi’s most important international market, the US, is expected to see “slightly improved consumer behaviour,” and growth is foreseen for markets in Chile and Tunisia. Spain is also “showing clear signs of stabilisation,” the company notes.






