Logotype for Emmi AG

Emmi (EMMN) investor relations material

Emmi H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Emmi AG
H1 2025 earnings summary20 Aug, 2025

Executive summary

  • Achieved net sales of CHF 2,272.4 million in H1 2025, up 12.7% year-over-year, driven by organic growth of 4.4% and acquisitions, despite negative currency effects.

  • EBITDA rose to CHF 223.1 million, maintaining a 9.8% margin; EBIT increased to CHF 145.4 million, but margin declined to 6.4% due to higher depreciation and currency headwinds.

  • Net profit declined to CHF 97.2 million (4.3% margin), mainly due to higher financial expenses and FX losses.

  • Strong performance in Americas and Europe, with Switzerland showing modest growth; acquisitions, especially Mademoiselle Desserts, were key contributors.

  • Advanced sustainability initiatives, including packaging innovation, emissions reduction, and animal welfare progress.

Financial highlights

  • Organic sales growth of 4.4% exceeded guidance; acquisitions contributed 11.8%, while currency effects reduced sales by 3.5%.

  • EBITDA increased to CHF 223.1 million (+12.8%), with EBIT at CHF 145.4 million (+3.6%).

  • Net profit declined to CHF 97.2 million (-7.4%) due to higher financial expenses and FX losses.

  • Gross profit increased 15.9% to CHF 908.7 million, margin up to 40.0%.

  • Operating cash conversion normalized to 75% (from 91%), reflecting higher working capital and taxes.

Outlook and guidance

  • 2025 guidance: organic sales growth raised to 2.0–3.0% (from 1.5–2.5%), EBIT CHF 330–350 million, net profit margin 4.8%–5.3%.

  • Mid-term guidance confirmed: organic sales growth 2–3%, net profit margin 5.5–6.0%, improving ROIC, payout ratio 35–45%.

  • Americas division guidance increased to 4–6% organic growth; Switzerland and Europe guidance unchanged.

  • Market conditions remain challenging with high input costs, FX volatility, and macroeconomic uncertainties.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Emmi earnings date

Logotype for Emmi AG
Q4 2025 TU29 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Emmi earnings date

Logotype for Emmi AG
Q4 2025 TU29 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Emmi AG is a Switzerland-based dairy company specializing in the production and distribution of a wide range of dairy products. The company’s offerings include cheese, yogurt, milk drinks, cream, and desserts, as well as specialty dairy items tailored to regional tastes. Emmi operates globally, with a focus on high-quality, sustainably produced dairy goods, and collaborates with Swiss dairy farmers to source milk. The company has a significant presence in both domestic and international markets, catering to retail, food service, and industrial clients. The company is headquartered in Lucerne, Switzerland, and its shares are listed on the SIX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage