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Investing.com -- Emmi, a Swiss dairy producer, reported an increase in its full-year revenue for 2024. The company's sales rose by 2.5% to 4.35 billion Swiss francs ($4.79 billion), surpassing expectations due to higher organic growth and earnings from the newly acquired dessert maker, Mademoiselle Desserts.
The company's organic growth was 2.4%, which exceeded the company's own consensus estimates of between 1% and 2%. Emmi's CEO, Ricarda Demarmels, attributed this growth to the firm's strategic implementation and robust market positioning, which drove the entirely volume-driven organic growth.
In addition to its revenue and growth figures, Emmi also confirmed its full-year guidance. The dairy producer expects an operating profit ranging between 295 million and 315 million francs. Moreover, it anticipates a net profit margin of between 5% and 5.5%.
In other company news, Emmi proposed Rebekka Iten and Christian Troxler as successors for Diana Strebel and Werner Weiss on the board of directors. Both Strebel and Weiss will not be standing for reelection.
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