EMMI AG GROUP
Best dairy moments
Annual Summary Report
2022
Online report
The full version of the Emmi Annual Report and the
Summary Annual Report for 2022 are also available online: report.emmi.com
KEY FIGURES EMMI GROUP 1
Key figures Emmi Group
2022 | |||
in CHF million | 2022 | adjusted1) | 2021 |
Net sales | 4,230 | 3,912 | |
Sales development in % | 8.1 | 5.6 | |
Net sales increase in organic terms in % | 7.0 | 3.6 | |
Acquisition effect in % | 2.1 | 2.3 | |
Currency effect in % | -1.0 | -0.3 | |
Earnings before interest, taxes, depreciation and amortisation (EBITDA) | 379.3 | 394.7 | |
as % of net sales | 9.0 | 10.1 | |
Earnings before interest and taxes (EBIT) | 253.0 | 266.1 | 284.1 |
as % of net sales | 6.0 | 6.3 | 7.3 |
Net profit | 182.5 | 194.3 | 216.7 |
as % of net sales | 4.3 | 4.6 | 5.5 |
Investment in fixed assets (excl. acquisitions) | 206.2 | 152.6 | |
as % of net sales | 4.9 | 3.9 | |
Headcount (full-time equivalents) as at 31.12. | 9,368 | 9,230 | |
Headcount (full-time equivalents) at yearly average | 9,299 | 8,868 | |
Net sales per employee in CHF 000s (average) | 455 | 441 | |
31.12.2022 | 31.12.2021 | ||
Total assets | 2,635 | 2,471 | |
of which shareholders' equity incl. minority interests | 1,284 | 1,182 | |
as % of total assets | 48.7 | 47.8 | |
Market capitalisation | 4,189 | 5,756 | |
- The adjustment effect in the year under review relates to an impairment of non-current assets at Gläserne Molkerei. This amounts to CHF 13.1 million on EBIT and CHF 11.8 million at net profit level. There were no significant non-recurring effects in the previous year.
2 KEY FIGURES EMMI GROUP
Net sales
in CHF million
4,230 | ||||||||
3,912 | 128 | |||||||
730 | ||||||||
3,706 | ||||||||
121 | ||||||||
3,494 | 747 | |||||||
3,457 | 107 | |||||||
707 | ||||||||
111 | ||||||||
107 | ||||||||
671 | 1,674 | |||||||
673 | ||||||||
1,394 | ||||||||
1,206 | ||||||||
964 | 1,037 | |||||||
1,713 | 1,675 | 1,686 | 1,650 | 1,698 |
2018 | 2019 | 2020 | 2021 | 2022 |
Global Trade
Europe
Americas
Switzerland
Since 1 January 2022, the companies in France have been part of the division Europe (previously division Americas). The previous year's figures have been restated accordingly.
Net sales by product group
30.3% Cheese
27.7% Dairy products
26.3% Fresh products
5.8% Fresh cheese
4.4% Powder/concentrates
5.5% Other products/services
EBIT
in CHF million | as % of net sales | |||||
(previous years restated)1) | ||||||
320 | 10 | |||||
271.2 | 284.1 | 266.1 | ||||
280 | 9 | |||||
243.2 | ||||||
240.7 | 256.6 | |||||
240 | 8 | |||||
7.3 | 7.3 | 253.0 | ||||
200 | 7 | |||||
7.0 | 7.0 | 6.9 | 6.3 | |||
160 | 6 | |||||
6.0 | ||||||
120 | 5 | |||||
80 | 4 | |||||
2018 | 2019 | 2020 | 2021 | 2022 |
EBIT
Adjusted EBIT2)
EBIT as % of net sales
Adjusted EBIT as % of net sales2)
KEY FIGURES EMMI GROUP 3 | ||||
Net profit | ||||
in CHF million | as % of net sales | |||
(previous years restated)1) | ||||
280 | 10 | |||
261.0 | ||||
240 | 202.6 | 216.7 | 194.3 | 9 | |
204.2 | 195.0 | ||||
200 | 8 | ||||
7.6 | 188.4 | 182.5 | |||
160 | 7 | ||||
5.9 | |||||
120 | 5.5 | 5.5 | 6 | ||
80 | 5.6 | 4.6 | 5 | ||
5.1 | |||||
4.3 | |||||
40 | 4 | ||||
2018 | 2019 | 2020 | 2021 | 2022 |
Net profit
Adjusted net profit2)
Net profit as % of net sales
Adjusted net profit as % of net sales2)
1)Previous-year figures for 2018 to 2019 restated due to change in the consolidation and accounting principles for goodwill in 2020.
2)The adjustment effect in the year under review relates to an impairment of non-current assets at Gläserne Molkerei. The adjustment effect in 2020 related to the loss from the sale of the majority interest in Lácteos Caprinos S.A., and the one in 2018 arose from the gain on the sale of the minority interest in Icelandic Milk and Skyr Corporation ("siggi's").
Emmi sustainability targets with a 2027 time horizon
Developing employees
100% of employees have a development plan in place
International1)
46%
Switzerland
75%
Previous year: 58%
50% of all vacancies are lled by internal candidates
International1)
29%
Switzerland
37%
Previous year: 45%
Reducing waste
50% reduction in waste (vs. 2017)
22%
Previous year: 19%
Zero waste disposal in landlls
11%
Previous year: 4%
50% reduction in waste (vs. 2017)2)
18%
Reducing water use
50% reduction in own water consumption in | 15% reduction in own water consumption in | ||
risk areas (vs. 2019) | non-risk areas (vs. 2019) | ||
1% | -7% | ||
Previous year: 3% | Previous year: -2% | ||
Reducing emissions
60% reduction in our emissions | 25% reduction in emissions in the supply chain | ||
(Scope 1 & 2 vs. 2014) | (Scope 3 vs. 2019)3) | ||
28% | -3% | ||
Previous year: 20% | Previous year: -2% | ||
Vision netZERO 2050
Previous year: 13%
100% recyclable packaging1), 2)
45%
30% recycled materials in plastic packaging1), 2)
4%
Sustainable dairy
100% of Emmi's milk suppliers worldwide
produce according to local above-average standards International1)
initiated
Switzerland
87%
Previous year: 85%
Further development of the Swiss industry standard
Provisional target achievement levels as at 31.12.2022
1)Considered for the first time (without prior-year figure) | 2)Currently only Switzerland considered | 3)Corrected due to new data basis
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Emmi AG published this content on 01 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 06:19:59 UTC.
