As part of its long-term succession planning, Emmi is appointing Jonas Leu to the top job at the business division Americas. The 37-year-old dairy technologist and food scientist (ETH) has worked for the leading Swiss milk processor in various functions since 1999 and has wide-ranging industry and management experience. As Managing Director, he is currently overseeing the merger of the Emmi subsidiaries in Chile. Leu will succeed Matthias Kunz (60) effective 2022, who will gradually be stepping down from Group Management at his own request.

Emmi, the leading Swiss milk processor, is increasing its stake in Dutch goat’s milk processor Bettinehoeve to 90 % and strengthening its commitment to this growth segment. The family business, in which Emmi has held a 60 % stake since 2016, has steadily strengthened its position in recent years thanks to its diverse range of goat’s cheese varieties. Emmi is therefore exercising the option to increase its stake in Bettinehoeve.

Lucerne, 26 August 2020 – Emmi increased sales by 6.6 % to CHF 1,773.5 million in the first six months of the financial year, which were characterised by the coronavirus crisis. The organic growth of 2.0 % achieved by the leading Swiss milk processor was driven in particular by a strong retail performance in the Swiss domestic market, key brand concepts such as Emmi Caffè Latte and sales in strategic niches. The slump in the food service sector triggered by the pandemic affected sales in the business division Americas in particular. EBIT improved by 6.4 % to CHF 112.0 million, while net profit was down by 6.5 % at CHF 81.3 million. Despite considerable uncertainty, Emmi remains cautiously optimistic for the full-year.

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