Emmi (EMMN) Q4 2025 TU earnings summary

Executive summary

• Achieved organic sales growth of 4.3% in 2025, surpassing raised guidance of 2–3%.

• Total sales rose 9.1% to CHF 4,745.7 million, driven by strong performance in Switzerland, Brazil, Chile, and Mexico.

• Growth strategy focused on attractive markets and niches, with innovation in ready-to-drink coffee, premium desserts, and specialty cheeses.

• Integration of Mademoiselle Desserts and other acquisitions proceeding as planned, contributing to acquisitive growth.

Financial highlights

• Group sales increased by 9.1% year-over-year to CHF 4,745.7 million, with 7.9% from acquisitions and a 3.1% negative currency impact.

• Organic growth was volume-driven and broad-based across all divisions.

• Division Switzerland sales up 4.2% to CHF 1,845.4 million, exceeding targets with 3.4% organic growth.

• Division Americas sales up 1.1% to CHF 1,727.2 million, with 6.4% organic growth offsetting currency headwinds.

• Division Europe sales up 40.1% to CHF 1,047.2 million, mainly from acquisitions; organic growth at 1.4%.

• Division Global Trade sales up 3.2% to CHF 125.9 million, with 5.6% organic growth.

Outlook and guidance

• Earnings guidance for EBIT (CHF 330–350 million) and net profit margin (4.8%–5.3%) reaffirmed at the lower end of the range.

• Medium-term guidance remains unchanged.

• New strategic platform "nutrition+" to focus on health megatrend and expand growth areas from 2026.