{"id":50357,"date":"2023-08-19T03:09:30","date_gmt":"2023-08-19T07:09:30","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/emmi-net-profit-rose-adjusts-guidance\/"},"modified":"2023-08-19T03:09:32","modified_gmt":"2023-08-19T07:09:32","slug":"emmi-net-profit-rose-adjusts-guidance","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=50357","title":{"rendered":"Emmi Net Profit Rose, Adjusts Guidance"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230818-701084\" role=\"document\">\n<p>By Adria Calatayud<\/p>\n<pre><\/pre>\n<p>Emmi reported a higher net profit for the first half, thanks to a top-line boost from pricing and to cost savings, and said it now expects stronger sales growth in its Swiss division and a weaker performance in Europe.<\/p>\n<p>The Swiss milk and dairy-products maker said Friday that it made a net profit of 97.8 million Swiss francs ($111.3 million) for the first six months of the year, up from CHF78.1 million a year before.<\/p>\n<div class=\"paywall\">\n<p>Net sales for the half year rose to CHF2.10 billion from CHF2.02 billion. On an organic basis, organic sales rose 6.5%, which the company said was driven by prices.<\/p>\n<p>Earnings before interests and taxes rose to CHF138.5 million from CHF108.6 million, with a margin that increased to 6.6% from 5.4%.<\/p>\n<p>Emmi confirmed its guidance at group level, but said it now expects organic sales growth in its Swiss division to be 2% to 3%, up from a 1%-2% range previously, due to the strength of the Swiss franc. In Europe, the company anticipates organic sales to be flat or grow up to 1% in light of the challenging economic environment, having previously forecast a rise of between 3% and 5%.<\/p>\n<pre><\/pre>\n<p>Write to Adria Calatayud at adria.calatayud@dowjones.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/emmi-net-profit-rose-adjusts-guidance-571f14fe?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adria Calatayud Emmi reported a higher net profit for the first half, thanks to a top-line boost from pricing and to cost savings, and said it now expects stronger sales growth in its Swiss division and a weaker performance in Europe. The Swiss milk and dairy-products maker said Friday that it made a net [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-50357","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Emmi Net Profit Rose, Adjusts Guidance | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Adria Calatayud Emmi reported a higher net profit for the first half, thanks to a top-line boost from pricing and to cost savings, and said it now\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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