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

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. and agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI 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

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.