Brief: Emmi On Track With Good Annual Result

Emmi AG

29/02/2024 06:00

Emmi Ag  EMMN.S :
    * EMMI ON TRACK WITH GOOD ANNUAL RESULT
    * OUTLOOK FOR 2024: ORGANIC SALES GROWTH OF 1% TO 2%, EBIT
OF CHF
295 MILLION TO CHF 315 MILLION, NET PROFIT MARGIN OF 5.0% TO
5.5%
    * OUTLOOK FOR 2024: ORGANIC SALES GROWTH OF 1% TO 2%, EBIT
OF CHF
295 MILLION TO CHF 315 MILLION, NET PROFIT MARGIN OF 5.0% TO
5.5%
    * PROPOSAL FOR A DIVIDEND INCREASE OF 6.9% TO CHF 15.50 PER
SHARE
(PREVIOUS YEAR: CHF 14.50) WITH AN ADJUSTED PAYOUT RATIO OF 39%
(PREVIOUS YEAR: 40%)
    * ADJUSTED NET PROFIT OF CHF 212.4 MILLION, UP 9.3% ON
PREVIOUS
YEAR (CHF 194.3 MILLION)
    * PROPOSAL FOR A DIVIDEND INCREASE OF 6.9% TO CHF 15.50 PER
SHARE
(PREVIOUS YEAR: CHF 14.50) WITH AN ADJUSTED PAYOUT RATIO OF 39%
(PREVIOUS YEAR: 40%)
    * EBIT ADJUSTED FOR ONE-TIME LOSS FROM DIVESTMENT OF
GLÄSERNE
MOLKEREI AT CHF 295.4 MILLION AT UPPER END OF TARGET RANGE (CHF
275 MILLION TO CHF 295 MILLION) AND 11.0% HIGHER THAN IN
PREVIOUS YEAR (CHF 266.1 MILLION)
    * ANNUAL SALES TO CHF 4,242.4 MILLION IN 2023 (PREVIOUS
YEAR: CHF
4,230.0 MILLION).
    * SALES GROWTH OF 0.3% IS COMPRISED OF AN ORGANIC INCREASE
OF
3.5%, A NEGATIVE CURRENCY EFFECT OF 2.2% AND A NEGATIVE
ACQUISITION EFFECT OF 1.0%

Source text for Eikon:  ID:nEQ3f2Wsa 
Further company coverage:  EMMN.S