Earnings release
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Emmi + GROUP Media release Ad hoc announcement pursuant to Art . 53 LR Emmi confirms strategic course with strong volume growth and progress on all earnings levels ■ ■ ■ ■ " ■ " ■ ■ ■ " Group sales of CHF 2.32 billion ( + 2.2 % ) , currency effect -2.1 % , acquisition effect + 0.7 % Organic growth of + 3.6 % ; good , broad - based volume growth in all divisions confirms relevance of the portfolio and positive growth momentum of recent years Particularly pleasing growth in Switzerland , Chile , Spain , Brazil and Mexico Overall above - average organic growth in the premium niches : nutrition + , ready - to - drink coffee , premium desserts and specialty cheeses nutrition + establishes itself as a new growth platform Integration of Emmi Desserts largely complete EBIT of CHF 152.3 million ( + 4.8 % ) and EBIT margin of 6.6 % ( H1 2025 : 6.4 % ) reflect the continuous portfolio transformation along strategic premium niches Net profit of CHF 100.9 million ( + 3.7 % ) , negatively impacted by higher minority interests Continued strong cash flow from operating activities ( CHF 202.6 million , 88 % operating cash conversion ) Return on invested capital ( ROIC ) increases to 7.9 % ( 2025 financial year : 7.6 % ) Group guidance for organic sales growth now 2 % to 3 % ( previously : 1 % to 3 % ) , unchanged guidance for EBIT ( CHF 335 to 355 million ) and net profit margin ( 4.8 % to 5.3 % ) Organic sales growth guidance by division : Switzerland now -1 % to 1 % ( previously : -2 % to ± 0 % ) , unchanged guidance for Americas ( 4 % to 6 % ) and Europe ( 2 % to 4 % ) Lucerne , 19 August 2026 - The Emmi Group can look back on a successful first half of 2026 . Organic growth of 3.6 % was entirely volume driven and broadly based across regions . Sales rose to CHF 2.32 billion and the operating result ( EBIT ) to CHF 152.3 million ( + 4.8 % ) . At the same time , profitability , return on invested capital and cash conversion improved . With nutrition + , another growth platform has been successfully established . Emmi Desserts reached an important milestone : the integration has largely been completed , and the focus is shifting to synergies and the further scaling of the platform . Innovations such as Emmi Matcha Latte and products from the nutrition + platform , which focus on health and functionality , provided an important growth momentum . " The positive growth momentum of recent years continued in the first half of the year . The strong volume growth particularly pleasing , reflecting the relevance of our portfolio and the consistent implementation of our strategy in collaboration with our customers and partners . At the same time , we made further progress in terms of profitability , return on invested capital and cash conversion . With nutrition + , we have successfully established a new growth platform and reached an important milestone with Emmi Desserts . The focus is now increasingly shifting from integration to synergies and further scaling the platform . " Ricarda Demarmels , CEO of the Emmi Group . Key figures of the Emmi Group in CHF million Net sales 1HY 2026 Organic growth in % Earnings before interest , tax , depreciation and amortisation 2,323.5 3.6 % 1HY 2025 2,272.4 4.4 % Change + 2.2 % 230.7 223.1 + 3.4 % ( EBITDA ) as % of net sales 9.9 % 9.8 % +11 bps Earnings before interest and taxes ( EBIT ) 152.3 145.4 + 4.8 % as % of net sales 6.6 % 6.4 % Net profit 100.9 97.2 +16 bps + 3.7 % as % of net sales 4.3 % 4.3 % +6 bps Cash flow from operating activities 202.6 168.0 + 20.6 % as % of EBITDA 88 % 75 % Net debt ratio 1.73 1.791 Return on invested capital ( ROIC ) in % 7.9 % 7.6 % ¹ +25 bps Previous year's figure at 31.12.2025