Swiss milk processor Emmi AG's policy to acquire foreign companies has led to a surge in full years sales for 2013.
The dairy products company increased its sales by 10.6% to €1.99 billion, which the company said was driven by the performance of its international brands.
A 26% increase in international sales to €1.18 billion means that international sales now account for 43.5% of the group's total.
And for the first time in five years, Swiss milk processor Emmi has experienced growth in its home market also. Emmi's market share grew 1.4% thanks to solid sales of the Good Day and Jogurtpur brands.
The company has said that it wants to raise the proportion of sales it generates internationally to 50% in order to offset declining dairy consumption in Switzerland. In 2012 international sales accounted for 38.2% of group sales and in 2013 this level rose to 43.5%.
The Lucernce-based company had organic growth of 1.4% which Swiss newspaper Verlag Finanz und Wirtschaft puts down to the strong growth of the Caffe Latte brand.
© 2014 - European Supermarket Magazine by Enda Dowling
