Brief: Emmi H1 EBIT At CHF 108.6 Mln

Emmi AG

18/08/2022 06:10

Aug 18 (Reuters) - EMMI AG  EMMN.S :
    * EMMI GROWS IN LINE WITH STRATEGIC PRIORITIES WITH SLIGHTLY
LOWER
PROFITABILITY
    * BROAD-BASED SALES GROWTH OF 7.1%, EXCEEDING OWN
EXPECTATIONS:
ORGANIC 5.4%, ACQUISITION EFFECT 2.3% AND CURRENCY EFFECT -0.6%
    * H1 EBIT OF CHF 108.6 MILLION WITH EBIT MARGIN OF 5.4%; NET
PROFIT OF CHF 78.1 MILLION WITH NET PROFIT MARGIN OF 3.9%
    * STRONG ORGANIC, PRICE-DRIVEN GROWTH IN DIVISIONS AMERICAS
(11.8%) AND EUROPE (6.5%) - STABLE PERFORMANCE IN SWISS HOME
MARKET (0.8%)
    * ADJUSTED FULL-YEAR GUIDANCE WITH ORGANIC GROWTH OF 5% TO
6%
(PREVIOUSLY 2.5% TO 3.5%)
    * OUTLOOK 2022: EBIT OF CHF 265 MILLION TO 280 MILLION
(PREVIOUSLY
CHF 290 MILLION TO 305 MILLION) AND A NET PROFIT MARGIN OF 4.5%
TO 5.0% (PREVIOUSLY 5.0% TO 5.5%)
    * H1 MASSIVELY HIGHER PURCHASING AND LOGISTICS COSTS DAMPEN
GROSS
PROFIT MARGIN OF 35.1%

Source text for Eikon:  ID:nEQ2Qyn7za 
Further company coverage:  EMMN.S 

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