Emmi shares seen rising as H2 volume improvement reassures
24/01/2025 07:55
** Shares of Emmi EMMN.S are seen up 2.3% in Julius Baer
pre-market trade after the Swiss dairy company reported solid
annual sales and confirmed its 2024 profit guidance
** The company posts 2.4% organic sales growth for 2024,
driven by a strong pick-up in the Americas and ongoing good
momentum in Europe, Vontobel says
** It expects to report EBIT and net profit margin in the
middle area of its previously communicated ranges
** "The strong improvement in volume growth in 2H24 should
allay fears of a broader slowdown and support the stock, which
has been under significant pressure in an overall weak consumer
staples sector," Vontobel says
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))