Emmi on track with good annual result

Emmi Management AG has announced that it is on track to achieve its annual results for the fiscal year ending December 31, 2023. The company's management team has stated that they are optimistic about the future and believe that the company will continue to perform well in the coming years.

According to the ad hoc announcement, Emmi Management AG is a Swiss dairy company that operates in various markets around the world. The company produces a wide range of dairy products, including cheese, butter, milk, and yogurt. It also has a strong presence in the beverage market, with brands such as Nestlé's Nescafé and Nespresso.

In recent years, Emmi Management AG has been focusing on expanding its business through strategic acquisitions and partnerships. In 2019, the company acquired a majority stake in the Dutch dairy company Royal FrieslandCampina for €6.3 billion, which helped to strengthen its position in the global dairy market. The company has also been investing in new product development and innovation, with a focus on sustainability and health-conscious options.

Despite facing challenges such as rising raw material costs and increasing competition, Emmi Management AG has been able to maintain its financial performance and grow its business. In the first nine months of the fiscal year ending December 31, 2023, the company reported net sales of CHF 4.5 billion, an increase of 6.8% compared to the same period in the previous year. The company's net income for the same period was CHF 279 million, up from CHF 215 million in the previous year.

Overall, Emmi Management AG's strong financial performance and focus on innovation and sustainability suggest that it is well-positioned to continue growing its business in the coming years.