• Financial Report
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  • Consolidated Financial Statements of Emmi Group
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  • Consolidated income statement
CONSOLIDATED FINANCIAL STATEMENTS OF EMMI GROUP

Consolidated income statement

in CHF 000s

 

Notes

2020 1)

%

2019 (restated)

%

Sales of products

 

3,677,418

 

3,464,883

 

Sales of services

 

28,643

 

29,080

 

Net sales

1

3,706,061

100.0

3,493,963

100.0

 

 

 

 

 

 

Change in inventories of semi-finished and finished products

 

-28,623

0.8

-12,468

0.3

Cost of materials and services

 

-2,327,750

62.8

-2,214,890

63.4

Gross operating profit

 

1,349,688

36.4

1,266,605

36.3

 

 

 

 

 

 

Other operating income

2

4,526

0.1

6,934

0.2

 

 

 

 

 

 

Personnel expenses

 

-493,834

13.3

-462,359

13.3

Other operating expenses

3

-484,041

13.0

-458,268

13.1

Operating expenses

 

-977,875

26.3

-920,627

26.4

 

 

 

 

 

 

Earnings before interest 2) , taxes, depreciation and amortisation (EBITDA)

 

376,339

10.2

352,912

10.1

 

 

 

 

 

 

Depreciation on property, plant and equipment

4

-108,702

3.0

-96,598

2.8

Amortisation on intangible assets

4

-11,030

0.3

-13,403

0.3

Write-back of negative goodwill

 

 

310

 

Earnings before interest 2) and taxes (EBIT)

 

256,607

6.9

243,221

7.0

 

 

 

 

 

 

Income from associates and joint ventures

 

-966

 

2,284

 

Financial result

5

-13,384

 

-6,754

 

Earnings before taxes (EBT)

 

242,257

6.5

238,751

6.8

 

 

 

 

 

 

Income taxes

6

-40,637

 

-34,784

 

Profit incl. minority interests

 

201,620

5.4

203,967

5.8

 

 

 

 

 

 

Minority interests

 

-13,228

 

-8,972

 

Net profit

 

188,392

5.1

194,995

5.6

 

 

 

 

 

 

Earnings per share (diluted/basic in CHF)

7

35.21

 

36.45

 

1) Please refer to page 1 for earnings adjusted for the loss on the sale of Lácteos Caprinos S.A.

2) Incl. income from associates and joint ventures and other financial positions that are reported in the financial result.