Konzernrechnung emmi Gruppe

Notes to the consolidated financial statements

in CHF 000s

1.Segment reporting

Net sales by product groups and divisions	2019	Switzerland 2018	2019	Americas 2018	2019	Europe 2018	2019	Global Trade 2018	2019	Group 2018
Milk	272,902	263,103	240,517	238,622	60,575	76,732	2,864	2,768	576,858	581,225
Butter and margarine	243,205	244,882	12,251	1,471	28,782	27,987	303	949	284,541	275,289
Cream	170,523	168,382	30,522	43,068	3,497	4,215	211	282	204,753	215,947
Dairy products	686,630	676,367	283,290	283,161	92,854	108,934	3,378	3,999	1,066,152	1,072,461
As % of net sales	41.0	39.5	25.4	27.1	15.7	18.4	2.9	3.7	30.5	31.0

Fresh products	335,931	341,736	202,862	206,126	271,473	264,509	38,424	39,169	848,690	851,540
As % of net sales	20.1	19.9	18.2	19.7	45.8	44.6	34.5	36.7	24.3	24.6

Natural cheese	377,281	397,531	470,143	424,986	105,007	109,971	44,688	43,901	997,119	976,389
Processed cheese	49,862	52,915	23,588	19,947	16,034	17,799	6,277	6,632	95,761	97,293
Cheese	427,143	450,446	493,731	444,933	121,041	127,770	50,965	50,533	1,092,880	1,073,682
As % of net sales	25.5	26.3	44.3	42.6	20.4	21.5	45.7	47.4	31.3	31.1

Fresh cheese	102,504	107,867	25,941	12,330	53,426	50,989	64	375	181,935	171,561
As % of net sales	6.1	6.3	2.3	1.2	9.0	8.6	0.1	0.4	5.2	5.0

Powder/concentrates	60,030	61,337	7,747	4,819	42,880	32,220	16,622	10,825	127,279	109,201
As % of net sales	3.6	3.6	0.7	0.5	7.2	5.4	14.9	10.2	3.6	3.1

Other products	40,562	56,008	95,437	89,053	10,352	7,907	1,596	1,326	147,947	154,294
Sales of services	22,176	19,450	5,639	3,913	795	925	470	385	29,080	24,673
Other products and services	62,738	75,458	101,076	92,966	11,147	8,832	2,066	1,711	177,027	178,967
As % of net sales	3.7	4.4	9.1	8.9	1.9	1.5	1.9	1.6	5.1	5.2

Net sales	1,674,976	1,713,211	1,114,647	1,044,335	592,821	593,254	111,519	106,612	3,493,963	3,457,412
As % of Group	47.9	49.6	31.9	30.2	17.0	17.1	3.2	3.1	100.0	100.0

Net sales by country group	2019	in %	2018	in %
Switzerland	1,674,976	47.9	1,713,211	49.6
Europe excl. Switzerland	872,956	25.0	897,904	26.0
North and South America	740,807	21.2	650,678	18.8
Africa	140,783	4.0	146,617	4.2
Asia/Pacific	64,441	1.9	49,002	1.4
Total	3,493,963	100.0	3,457,412	100.0

Emmi does not publish segment results since this would cause significant competitive disadvantages towards clients as well as non-listed and larger listed competitors both in Switzerland and abroad.

The business divisions are not defined strictly according to geographical considerations. The business division Americas includes the Emmi Group companies in the US, Canada, Chile, Mexico, Spain (excl. Lácteos Caprinos S.A.), France, Tunisia and – since 24 October 2019 – Brazil. The business division Europe incorporates those in Italy, Germany, Austria, Belgium, the Netherlands, the UK and Lácteos Caprinos S.A. in Spain. The business division Global Trade primarily comprises direct sales from Switzerland to customers in countries in which Emmi has no subsidiaries. These include the Asian and eastern European markets, most South American countries and the Arabian Peninsula.