Emmi, the Swiss dairy group behind Onken yoghurt and Caffe Latte chilled coffee, has forecast “similar” profits in 2013 to last year, when earnings increased 12%.
The company said today (27 March) it expects “profitability” to be “at a similar level to that in 2012”. It forecast EBIT of between CHF140m (US$147.2m) to CHF155m and a net profit margin of 3%.
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In 2012, Emmi’s adjusted EBIT, which excluded gains from the sale of fixed assets, was up 12.2% at CHF146.3m. Adjusted net profit increased 8.8% to CHF90.3m, with a net profit margin of 3%.
Sales growth is expected to slow slightly in 2013. In 2012, revenue grew 9.6% to CHF2.98bn thanks to better sales abroad, which were boosted in part by acquisitions. This year, Emmi sees sales increasing 6-8%.
Shares in Emmi were up 1.85% at CHF275 at 10:21 CET this morning.
Click here for just-food’s interview with Matthias Kunz, head of Emmi’s international business, on the company’s performance and plans for 2013.
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