Brief: Emmi Divests Glaeserne Molkerei

Emmi AG

06/07/2023 05:53

July 6 (Reuters) - EMMI AG  EMMN.S :
    * EMMI DIVESTS GLÄSERNE MOLKEREI
    * TRANSACTION IS CONSISTENT WITH GROUP'S ONGOING PORTFOLIO
TRANSFORMATION AND FOCUS ON PROFITABLE STRATEGIC MARKETS AND
NICHES.
    * COMPLETION OF SALE IS SUBJECT TO APPROVAL BY RESPONSIBLE
COMPETITION AUTHORITIES
    * PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE.
    * SALE WILL RESULT IN ONE-OFF LOSS FOR EMMI IN FINANCIAL
YEAR OF
2023 AROUND CHF 38 MILLION AT EBIT LEVEL AND AROUND CHF 30
MILLION AT NET PROFIT LEVEL
    * ADJUSTED FOR ONE-TIME SPECIAL EFFECT RESULTING FROM THIS
TRANSACTION, EMMI CONFIRMS ITS FORECAST FOR FULL YEAR 2023
    * SALE WILL RESULT IN A ONE-OFF LOSS FOR EMMI IN FINANCIAL
YEAR OF
2023 OF AROUND CHF 38 MILLION AT EBIT LEVEL AND AROUND CHF 30
MILLION AT NET PROFIT LEVEL

Source text for Eikon:  ID:nEQ6301lza 
Further company coverage:  EMMN.S 

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