Emmi announces strong annual performance for 2023 and presents optimistic outlook for 2024

The Emmi group published an annual report affirming its resilience in a delicate economic environment, with organic growth of 3.5% and a slight increase in its turnover to CHF 4,242.4 million in 2023. The company benefited of its efforts in strategic markets and attractive niches, leading to a significant improvement in its financial results. Adjusted net profit margin reached 5.0%, at the high end of its guidance.

Despite negative currency effects and the impact of certain acquisitions, Emmi was able to optimize its portfolio and strengthen its presence in growing market segments, such as premium refrigerated desserts in the United States and Italy. The group forecasts modest organic revenue growth of between 1% and 2% for 2024, while expecting improved results in EBIT and net profit margin.

In addition, the ongoing portfolio transformation and strategy focused on profitable growth enabled Emmi to propose a dividend increase to CHF 15.50 per share. The group also highlights its sustainability initiatives as well as its ambitions for 2024, despite a consumer climate affected by inflation and geopolitical tensions.