Emmi Group has warned that price pressures in Switzerland could hit sales this year.
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The Swiss milk processor said the company had got off to “a good start” in 2007 said market liberalisation in its domestic market is likely to weigh on sales of its standard products.
Emmi struck a more positive note on its outlook outside Switzerland and said it expects “above average growth” in international markets thanks to its recent acquisition of Italian yoghurt maker Trentinalatte.
The company today (18 April) revealed its financial results for 2006. Emmi’s net profit reached CHF54m (US$45m) up some 4% on the year. Sales jumped 15% to CHF2.3bn.
“Despite high price pressure in a fiercely competitive international market, Emmi succeeded in achieving a growth rate of 15.2% and a net profit margin of 2.3%”, said CEO Walter Huber.
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By GlobalDataHuber added: “In 2006, Emmi considerably strengthened its market position in key international markets through investments in distribution structures, acquisitions and partnerships.”
