Brief: Emmi FY Adj EBIT Down At CHF 266.1 Mln

Emmi AG

01/03/2023 06:02

March 1 (Reuters) - Emmi Ag  EMMN.S :
    * EMMI IS GROWING ALONG ITS STRATEGIC PRIORITIES AND PROVES
ROBUST
    * OUTLOOK FOR 2023: ORGANIC SALES GROWTH OF 3% TO 4% AND
EBIT
FORECAST OF BETWEEN CHF 275 MILLION AND CHF 295 MILLION
    * ORGANIC SALES GROWTH OF 7.0% (PREVIOUS YEAR: 3.6%)
    * FY ADJUSTED EBIT OF CHF 266.1 MILLION (PREVIOUS YEAR: CHF
284.1
MILLION), ADJUSTED EBIT MARGIN OF 6.3% (PREVIOUS YEAR: 7.3%)
    * PROPOSAL TO INCREASE DIVIDEND TO CHF 14.50 PER SHARE
(PREVIOUS
YEAR: CHF 14.00) WITH AN ADJUSTED DISTRIBUTION RATE OF 40%
(PREVIOUS YEAR: 35%)
    * FY ADJUSTED NET PROFIT OF CHF 194.3 MILLION (PREVIOUS
YEAR: CHF
216.7 MILLION)
    * ADJUSTED NET PROFIT MARGIN WAS 4.6% (PREVIOUS YEAR: 5.5%)

Source text for Eikon:  ID:nEQbCcvf2a 
Further company coverage:  EMMN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))