Navigation

Milk producer Emmi posts big profit increase

Revenues at Swiss dairy producer Emmi on Wednesday said profits rose more than 28 per cent to SFr75.3 million ($70.91 million) in 2009 on slightly lower sales.

This content was published on March 31, 2010 - 09:43

Revenues fell last year to just over SFr 2.6 billion, the company said. Earnings before income and taxes were SFr109 million.

Emmi said net sales fell 4.9 per cent at home but increased 7.9 per cent in international markets.

Lucerne-based Emmi, which employs around 3,300 people in Europe and North America, said in a statement the improvement “can be attributed to a solid market performance and rigorous cost management”.

It is proposing a dividend of SFr3 per registered share.

The company, which produced 904 million litres of milk and cream last year, noted a drop in prices of raw materials amid an increase in supply.

Emmi expects volumes in Switzerland to decline one per cent this year and prices for raw materials to continue to fall. It expects growth of 2-3 per cent in international markets.

swissinfo.ch and agencies

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?