Swiss dairy group Emmi today (31 March) issued cautious financial targets for 2010 and said it was hoping to “maintain” the revenue level it booked in 2009.
Publishing its annual results for 2009, Emmi also said it was targeting EBIT of CHF103-113m (US$97.2-106.6m) for 2010 after a year when it reported EBIT of CHF109m.
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The group said the loss of a “major” Swiss customer meant domestic volumes were likely to fall 1% this year.
The company was more optimistic about overseas volumes in 2010, which it saw growing by 2-3% as consumer sentiment improves.
Looking at the 2009 numbers, EBIT climbed 6.8% to CHF109m, while “rigorous” cost control drove a 16.6% rise in net profit to CHF75.3m. Turnover dipped 1.9% to CHF2.62bn.
Click here for the original press release and click here for more insight into the group’s results.
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