Emmi Confirms Strategic Course with Significant Volume Growth in First Half

International Markets Drive Growth

Internationally, Emmi expanded its position in several markets. In Europe, Spain, Chile, Brazil, and Mexico, the company recorded gains, partly attributable to acquisitions and new product lines. In its home market of Switzerland, Emmi also remained on course, according to the company.

USA Fall Short of Expectations

In the United States, however, performance trailed expectations. The company attributed this to subdued consumer sentiment, which dampened growth in the US business. Demarmels announced that the Group's commitment in North America would be strategically reviewed, without providing details.

"The positive growth momentum of recent years has continued in the first half as well. Particularly pleasing is the strong volume growth, which reflects the relevance of our portfolio and the consistent implementation of our strategy together with our customers and partners," said Demarmels. The company thus sees the chosen course of innovation, internationalization, and portfolio expansion confirmed.

Looking at the full year, Group management expressed confidence in achieving the adjusted medium-term targets. These include annual revenue growth in the mid-single-digit range and an EBIT margin of around eight percent. The exact half-year figures for revenue and profit are expected in the detailed report in the coming weeks.

Outlook and Strategy for the Second Half

Observers interpret the half-year results as a signal of the business model's resilience. The fact that Emmi was able to grow in most markets despite a challenging overall economic environment is seen as evidence of the strategy's effectiveness. At the same time, the US market remains a risk factor if consumer sentiment there does not recover.

For the second half, Emmi announced it would continue to focus on innovation and operational efficiency. In addition, investments in sustainable packaging solutions and in the digitalization of production are to be advanced. With this, the company aims to strengthen the foundation for further growth.

The stock reacted to the announcement with slight price gains. Analysts spoke of solid, if not surprising, figures. The decisive factor will be whether Emmi can maintain the pace in the second half and achieve its margin targets.

Overall, in the company's assessment, the half-year results underscore the chosen path: a diversified portfolio, a broad international footprint, and a focus on high-growth segments. Should a recovery in the USA become apparent, the overall growth pace could pick up further.