Media release

Strong market position in goat's and sheep's milk products

Emmi increases its stake in Dutch company AVH dairy trade B.V.

Lucerne, 2 July 2018 - Emmi has held a stake in the goat's and sheep's milk product trader AVH dairy trade B.V. (AVH), based in Bergen, the Netherlands, since 1 January 2013. Now, Emmi is increasing its stake from 75 % to 90 %.

Goat's milk products occupy an increasingly important niche in Emmi's product portfolio. This is one of the reasons why Emmi is increasing its stake in AVH dairy trade B.V. from 75 % to 90 %. The remaining 10 % will continue to be held by the founder of AVH.

Emmi has been a stakeholder in AVH since January 2013. The company, based in Bergen in the Netherlands, is a leading international trader of goat's and sheep's milk products, in particular cheese, milk powder and protein concentrates. AVH's sales markets are the EU, the US and Asia.

A subsidiary of Emmi Benelux B.V., AVH generated sales of around EUR 35 million in 2017. The parties have agreed not to disclose the purchase price.

Contacts

Investors/Analysts:

Esther Gerster, Head of Group Communications & IR, +41 (0)58 227 50 69, esther.gerster@emmi.com

Media:

Sibylle Umiker, Group Communications & IR, Head of Media Relations, +41 (0)58 227 50 66, media@emmi.com

Downloads and further information

About Emmi

Emmi is the leading Swiss milk processor and one of the most innovative premium dairies in Europe. In Switzerland, the company focuses on the development, production and marketing of a full range of dairy and fresh products as well as the production, ageing and trade of mainly Swiss cheeses. Outside Switzerland, Emmi concentrates on brand concepts and specialities in established European and North American markets, and increasingly in emerging markets outside of Europe. The primary focus in fresh products is on lifestyle, convenience and health products. In the cheese business, Emmi positions itself as the leading company worldwide for Swiss cheese. Emmi's customers are the retail trade, the hospitality and food service sector, and the food industry.

In Switzerland, the Emmi Group includes around 25 production sites of every size. Abroad, Emmi and its subsidiaries have a presence in 14 countries, seven of which have production facilities. Emmi exports products from Switzerland to around 60 countries.

In 2017, Emmi posted net sales of CHF 3,364 million and a net profit of CHF 162 million. The company employs some 6,150 staff (full-time equivalents), of which around 2,950 in Switzerland.


AVH dairy trade - office
AVH dairy trade - logo
Website of AVH dairy trade B.V.
Pictures Emmi



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