key figures emmi group

Key figures Emmi Group

Amounts in CHF million	2020	2020 adjusted 1)	2019 (restated) 2)
Net sales	3,706		3,494

Sales development in %	6.1		1.1
Net sales increase in organic terms in %	1.9		2.2
Acquisition effect in %	8.7		0.4
Currency effect in %	-4.5		-1.5

Earnings before interest, taxes, depreciation and amortisation (EBITDA)	376.3	390.9	352.9
as % of net sales	10.2	10.5	10.1
Earnings before interest and taxes (EBIT)	256.6	271.2	243.2
as % of net sales	6.9	7.3	7.0
Net profit	188.4	202.6	195.0
as % of net sales	5.1	5.5	5.6
Investment in fixed assets (excl. acquisitions)	131.4		106.0
as % of net sales	3.5		3.0
Headcount (full-time equivalents) as at 31.12.	8,664		7,826
Headcount (full-time equivalents) at yearly average	8,303		6,435
Net sales per employee in CHF 000s (average)	446		543

	31.12.2020		31.12.2019
Total assets	2,337		2,382
of which shareholders’ equity incl. minority interests	1,233		1,301
as % of total assets	52.8		54.6
Market capitalisation	4,876		4,507

1) Adjusted for non-recurring effects of CHF 14.6 million on EBITDA and EBIT, and CHF 14.2 million on net profit. In the period under review, they resulted from the sale of the majority stake in Lácteos Caprinos S.A. There were no significant non-recurring effects in the previous year.

2) Previous year figures restated based on the changes to the consolidation and valuation principles with respect to goodwill.

¹⁾ Previous year figures restated based on the changes to the consolidation and valuation principles with respect to goodwill.

²⁾ The adjustment effect in 2020 relates to the loss from the sale of the minority stake in Lácteos Caprinos S.A. The effect in 2018 was the result of the gain on the sale of the minority stake in Icelandic Milk and Skyr Corporation (“siggi’s”).