Swiss dairy group Emmi has posted a 15.2% rise in sales for 2006 to CHF2.34bn (US$1.92bn), in spite of what it described as a “highly competitive market environment”.
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The company said its domestic sales growth of 15.4% was attributable primarily to the integration of the Aargauer Zentralmolkerei (AZM) operations into Mittelland Molkerei which took place on 1 April 2006, and the positive performance of dairy and fresh products.
Emmi reported that its international sales grew by 14.5% to CHF509m, on the back of growth in lifestyle and health products and the acquisition of the northern Italian yoghurt producer Trentinalatte.
The 53.9% increase in the group’s dairy products sales to CHF698m was attributed primarily to the AZM integration but Emmi said some organic growth was also achieved, in spite of price pressure.
Net sales from its fresh products division rose by 15% to CHF473m, with lifestyle and health concepts enjoying a successful year both in Switzerland and export markets.
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By GlobalDataOverall, cheese revenues fell by 1.9% to CHF791m, but export sales of natural cheese remained stable, underpinned by a solid performance from Emmi’s branded concepts and higher overall prices. Specialities such as Kaltbach and Tête-de-Moine, as well as Le Gruyère AOC, performed encouragingly, the company added.
Emmi said it plans to release detailed figures for the 2006 financial year on 18 April 2007.
