Upcoming Dividend • Apr 06
Upcoming dividend of CHF17.50 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (3.6%). Announcement • Mar 23
Emmi AG(SWX:EMMN) dropped from FTSE All-World Index (USD) Emmi AG(SWX:EMMN) dropped from FTSE All-World Index (USD) Declared Dividend • Mar 05
Dividend increased to CHF17.50 Dividend of CHF17.50 is 6.1% higher than last year. Ex-date: 13th April 2026 Payment date: 15th April 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CHF42.44 (vs CHF41.18 in FY 2024) Full year 2025 results: EPS: CHF42.44 (up from CHF41.18 in FY 2024). Revenue: CHF4.75b (up 9.1% from FY 2024). Net income: CHF227.1m (up 3.1% from FY 2024). Profit margin: 4.8% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Emmi AG, Annual General Meeting, Apr 09, 2026 Emmi AG, Annual General Meeting, Apr 09, 2026, at 15:00 W. Europe Standard Time. Announcement • Feb 06
Emmi AG to Report First Half, 2026 Results on Aug 19, 2026 Emmi AG announced that they will report first half, 2026 results on Aug 19, 2026 Announcement • Nov 26
Emmi AG (SWX:EMMN) acquired The English Cheesecake Company Limited. Emmi AG (SWX:EMMN) acquired The English Cheesecake Company Limited on November 25, 2025. The bolt-on acquisition increases the presence in the fast-growing premium cheesecakes segment and contributes to the global indulgence megatrend. As of December 2024, The English Cheesecake Company Limited generated sales of £23 million.
Emmi AG (SWX:EMMN) completed the acquisition of The English Cheesecake Company Limited on November 25, 2025. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: CHF18.18 (vs CHF19.51 in 1H 2024) First half 2025 results: EPS: CHF18.18 (down from CHF19.51 in 1H 2024). Revenue: CHF2.27b (up 13% from 1H 2024). Net income: CHF97.2m (down 6.8% from 1H 2024). Profit margin: 4.3% (down from 5.2% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Emmi AG to Report Fiscal Year 2025 Results on Feb 26, 2026 Emmi AG announced that they will report fiscal year 2025 results at 7:00 AM, Central European Standard Time on Feb 26, 2026 Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Nadja Lang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 07
Upcoming dividend of CHF16.50 per share Eligible shareholders must have bought the stock before 14 April 2025. Payment date: 16 April 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swiss dividend payers (4.2%). Lower than average of industry peers (3.2%). Declared Dividend • Mar 06
Dividend increased to CHF16.50 Dividend of CHF16.50 is 6.5% higher than last year. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: CHF41.18 (up from CHF34.82 in FY 2023). Revenue: CHF4.35b (up 2.5% from FY 2023). Net income: CHF220.3m (up 18% from FY 2023). Profit margin: 5.1% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 28
Emmi AG, Annual General Meeting, Apr 10, 2025 Emmi AG, Annual General Meeting, Apr 10, 2025, at 16:00 W. Europe Standard Time. Announcement • Jan 25
Emmi AG Announces Cessation of Directors At the General Meeting on 10 April 2025, the Board of Directors of Emmi AG will propose Rebekka Iten and Christian Troxler to succeed Diana Strebel and Werner Weiss, who will not stand for re-election at the upcoming General Meeting. The Board of Directors would like to thank Diana Strebel for her major commitment to Emmi over the past 13 years, during which time she successfully chaired the Market Committee for a number of years in addition to her duties as a member of the Board of Directors and helped to shape Emmi’s strategy. The company would also like to thank Werner Weiss for his dedicated work. He will no longer be available to the Emmi Board of Directors in the future due to the term of office limitation rule within ZMP. Price Target Changed • Jan 10
Price target decreased by 10% to CHF898 Down from CHF1,000, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CHF724. Stock is down 23% over the past year. The company is forecast to post earnings per share of CHF40.93 for next year compared to CHF34.82 last year. Reported Earnings • Aug 18
First half 2024 earnings released: EPS: CHF19.51 (vs CHF18.28 in 1H 2023) First half 2024 results: EPS: CHF19.51 (up from CHF18.28 in 1H 2023). Revenue: CHF2.02b (down 4.1% from 1H 2023). Net income: CHF104.4m (up 6.7% from 1H 2023). Profit margin: 5.2% (up from 4.6% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jun 14
Emmi AG (SWX:EMMN) agreed to acquire Hochstrasser AG. Emmi AG (SWX:EMMN) agreed to acquire Hochstrasser AG on June 12, 2024. Upon completion, Hochstrasser will continue to operate as an independent company. Board members René Vesti and Gery Camenzind will remain in place, as will managing director Kevin Heer. Hochstrasser has approximately 50 staff members. Hochstrasser reported net sales of approximately CHF 17 million ($18.9 million) in 2023. The transaction will be finalized subject to the approval of the competition authorities. Upcoming Dividend • Apr 08
Upcoming dividend of CHF15.50 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (4.0%). Lower than average of industry peers (3.0%). Reported Earnings • Mar 03
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CHF34.82 (up from CHF34.12 in FY 2022). Revenue: CHF4.24b (flat on FY 2022). Net income: CHF186.3m (up 2.0% from FY 2022). Profit margin: 4.4% (up from 4.3% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Announcement • Nov 30
Emmi AG to Report First Half, 2024 Results on Aug 24, 2024 Emmi AG announced that they will report first half, 2024 results on Aug 24, 2024 Price Target Changed • Sep 29
Price target increased by 7.4% to CHF1,058 Up from CHF985, the current price target is an average from 4 analysts. New target price is 22% above last closing price of CHF865. Stock is up 12% over the past year. The company is forecast to post earnings per share of CHF34.94 for next year compared to CHF34.12 last year. Reported Earnings • Aug 21
First half 2023 earnings released: EPS: CHF18.28 (vs CHF14.61 in 1H 2022) First half 2023 results: EPS: CHF18.28 (up from CHF14.61 in 1H 2022). Revenue: CHF2.10b (up 4.3% from 1H 2022). Net income: CHF97.8m (up 25% from 1H 2022). Profit margin: 4.6% (up from 3.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • Aug 15
Mutares SE & Co. KGaA (XTRA:MUX) acquired GlÄSerne Molkerei Gmbh from Emmi AG (SWX:EMMN). Mutares SE & Co. KGaA (XTRA:MUX) has signed an agreement to acquire GlÄSerne Molkerei Gmbh from Emmi AG (SWX:EMMN) on July 6, 2023. GlÄSerne Molkerei Gmbh reported revenue of €100 million in 2022. Completion of the sale is subject to approval by the responsible competition authorities. The closing of the transaction is expected in August 2023. Mutares SE & Co. KGaA (XTRA:MUX) acquired GlÄSerne Molkerei Gmbh from Emmi AG (SWX:EMMN) on August 14, 2023. Announcement • Jul 07
Mutares SE & Co. KGaA (XTRA:MUX) has signed an agreement to acquire GlÄSerne Molkerei Gmbh from Emmi AG (SWX:EMMN). Mutares SE & Co. KGaA (XTRA:MUX) has signed an agreement to acquire GlÄSerne Molkerei Gmbh from Emmi AG (SWX:EMMN) on July 6, 2023. GlÄSerne Molkerei Gmbh reported revenue of €100 million in 2022. Completion of the sale is subject to approval by the responsible competition authorities. The closing of the transaction is expected in August 2023. Buying Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be CHF1,078, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Upcoming Dividend • Apr 10
Upcoming dividend of CHF14.50 per share at 1.6% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (2.4%). Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be CHF1,081, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CHF34.12 (vs CHF40.51 in FY 2021) Full year 2022 results: EPS: CHF34.12 (down from CHF40.51 in FY 2021). Revenue: CHF4.23b (up 8.1% from FY 2021). Net income: CHF182.5m (down 16% from FY 2021). Profit margin: 4.3% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Monique Bourquin was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 20
Emmi Ag Appoints Sacha D. Gerber as Member of the Group Management Emmi AG announced that Sacha D. Gerber (47) will become the Member of the Group Management of the Emmi Group. Gerber is currently CFO with responsibility for finance and IR at the listed and globally active CALIDA GROUP, which specialises in high-end lingerie. Having previously held posts with the food manufacturer Hero and the Swatch Group, he holds a degree in business administration as well as an International Executive MBA from the University of St Gallen. Announcement • Sep 19
Emmi Ag Announces Executive Changes Emmi AG announced that Sacha D. Gerber (47) will become the new Chief Financial Officer and Member of the Group Management of the Emmi Group. Gerber brings with him substantial financial expertise and leadership as well as cross-industry international experience, most recently as CFO at the globally active CALIDA GROUP. He succeeds Ricarda Demarmels, who as previously announced will replace Urs Riedener as CEO of the Emmi Group on 1 January 2023. As part of today's Capital Markets Day, Emmi is also confirming its strategic course as well as its full-year and medium-term forecast communicated as part of the 2022 half-year results. Sacha D. Gerber is set to join the Emmi Group as Chief Financial Officer (CFO), succeeding Ricarda Demarmels, who takes over the role of CEO on 1 January 2023. Gerber is currently CFO with responsibility for finance and IR at the listed and globally active CALIDA GROUP, which specialises in high-end lingerie. Having previously held posts with the food manufacturer Hero and the Swatch Group, he holds a degree in business administration as well as an International Executive MBA from the University of St Gallen. With the election of Gerber, Emmi fills the vacancy created by the departure of the current CFO, Ricarda Demarmels, to become head of the Emmi Group as CEO as of 1 January 2023. As communicated in March this year, Ricarda Demarmels will succeed Urs Riedener as CEO at the beginning of 2023. As part of today's Capital Markets Day in Emmen, Emmi is also confirming its strategic course as well as its outlook for the full-year and medium-term forecast communicated as part of the 2022 half-year results, supplemented by a ROIC focus (Return on Invested Capital). Price Target Changed • Aug 24
Price target decreased to CHF915 Down from CHF987, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CHF872. Stock is down 20% over the past year. The company is forecast to post earnings per share of CHF37.23 for next year compared to CHF40.51 last year. Reported Earnings • Aug 23
First half 2022 earnings released: EPS: CHF14.61 (vs CHF18.45 in 1H 2021) First half 2022 results: EPS: CHF14.61 (down from CHF18.45 in 1H 2021). Revenue: CHF2.02b (up 7.1% from 1H 2021). Net income: CHF78.1m (down 21% from 1H 2021). Profit margin: 3.9% (down from 5.2% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.4%, compared to a 5.5% growth forecast for the Food industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Aug 05
Emmi AG to Report First Half, 2023 Results on Aug 18, 2023 Emmi AG announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • Aug 04
Emmi AG to Report Fiscal Year 2022 Results on Mar 01, 2023 Emmi AG announced that they will report fiscal year 2022 results on Mar 01, 2023 Announcement • Jul 26
Groupe Lactalis S.A. agreed to acquire 25% stake in Ambrosi S.p.A. from Emmi AG (SWX:EMMN). Groupe Lactalis S.A. agreed to acquire 25% stake in Ambrosi S.p.A. from Emmi AG (SWX:EMMN) on July 25, 2022. Completion of the transaction is subject to approval by the responsible competition authorities. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Director Monique Bourquin was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 04
Upcoming dividend of CHF14.00 per share Eligible shareholders must have bought the stock before 11 April 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Swiss dividend payers (3.7%). Lower than average of industry peers (2.2%). Announcement • Apr 01
Emmi Elects Ricarda Demarmels as CEO Ricarda Demarmels, Chief Financial Officer of the Emmi Group and member of Group Management, will succeed CEO Urs Riedener on 1 January 2023. After leading Emmi for 14 years, Urs Riedener will be stepping down from his post at the end of the year as announced. He has been nominated by the Board of Directors as successor to Konrad Graber, Chairman of the Board of Directors, who will not be standing for election. With these appointments, the Emmi Board of Directors is underlining its commitment to continuity in the management and direction of the company and in its corporate culture.- The Board of Directors has elected Ricarda Demarmels, CFO and member of Group Management since June 2019, as the new CEO of the Emmi Group effective1 January 2023. CEO Urs Riedener will step down at the end of the year after 14 years, as announced in September 2021. Urs Riedener has been nominated by the Board of Directors as Chairman and successor to Konrad Graber in occasion of the Annual General Meeting in April 2023. This will ensure continuity in the leadership, strategic direction and corporate culture of the Emmi Group. The Swiss born Ricarda Demarmels has been Chief Financial Officer (CFO) of the Emmi Group and a member of Group Management since June 2019. Before joining the leading manufacturer of high-quality dairy products in Switzerland, she was CFO of Orior, which is also a stock listed company, and held various management and consulting positions at investment and strategy consulting companies. Reported Earnings • Mar 06
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CHF40.51 (up from CHF35.22 in FY 2020). Revenue: CHF3.91b (up 5.6% from FY 2020). Net income: CHF216.7m (up 15% from FY 2020). Profit margin: 5.5% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 4.0%, compared to a 5.3% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buying Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be CHF1,320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% per annum over the last 3 years. Earnings per share has declined by 5.7% per annum over the last 3 years. Buying Opportunity • Feb 04
Now 21% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be CHF1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% per annum over the last 3 years. Earnings per share has declined by 5.7% per annum over the last 3 years. Price Target Changed • Aug 26
Price target increased to CHF1,029 Up from CHF952, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CHF1,080. Stock is up 18% over the past year. Reported Earnings • Aug 21
First half 2021 earnings released: EPS CHF18.45 (vs CHF15.20 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF1.88b (up 6.2% from 1H 2020). Net income: CHF98.7m (up 21% from 1H 2020). Profit margin: 5.2% (up from 4.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 16
Emmi AG Provides Earnings Guidance for the Year 2021 Emmi AG provided earnings guidance for the year 2021. The company expects EBIT in the range of CHF 275 million to CHF 290 million, Sales Group in the range of 1 % to 2 % and Net profit margin in the range of 5.2 % to 5.7 %.