The shareholders of today's ordinary General Meeting of Emmi AG approved all the proposals put forward by the Board of Directors. Due to the current situation and the Federal Council’s ordinance, voting rights could only be exercised in writing or electronically.

The plant-based product line Beleaf with yogurt alternatives, drinks and shakes based on almonds or oats is Emmi’s answer to the growing demand for vegan foods. Emmi’s family of coffee drinks is also sprouting a vegan offshoot: Emmi Caffè Drink Almond Macchiato. The new products offer an alternative to imported milk substitutes.

Emmi increased its sales by 1.1 % to CHF 3,494 million in 2019 and achieved pleasing, broad-based organic growth of 2.2 %. Earnings before interest and taxes (EBIT) improved by 0.5 % to CHF 218 million. At CHF 166 million, net profit was 5.3 % below the adjusted figure for the previous year, primarily as a result of a higher tax rate and higher minority interests. Sales and earnings are thus in line with Emmi’s forecasts and reflect the robustness, quality and balance of the company and product portfolio. Emmi continued to implement its strategy with conviction and consistency in 2019, advancing the business with a specific focus on growth markets, brands and the expansion of the strategic niches of desserts, organic products and goat’s milk. A dividend of CHF 12.00, CHF 3.00 higher than in the previous year, will be proposed to the General Meeting. This is a result of the revised dividend policy, which provides for an increase in the distribution rate to between 40 % and 50 % (previously 25 % to 30 %). For 2020, Emmi expects organic growth in line with its medium-term forecast (2 % to 3 %) and a further improvement in EBIT.

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