HOCHDORF Holding AG

EQS-Adhoc: HOCHDORF Holding Ltd: Sales and Turnover Figures for 2016


EQS Group-Ad-hoc: HOCHDORF Holding AG / Key word(s): Development of Sales
HOCHDORF Holding Ltd: Sales and Turnover Figures for 2016

26-Jan-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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HOCHDORF Group Press Release: Sales and Turnover Figures for 2016

Sales maintained at last year's level despite low milk price

Hochdorf, 26 January 2017- The HOCHDORF Group achieved gross sales revenues of
CHF 550.9 million, maintaining sales at the same level as the previous year (CHF
551.2 million) despite difficult market and milk price conditions. The company
processed 741.8 million kg of milk, whey and permeate (-2.6%; previous year
761.2 million kg). The volume of products sold decreased marginally to 237,289
tonnes (-2.3%; previous year 242,821 tonnes). The operational results meet the
expectations for the EBIT margin predicted in the half-yearly report.

The HOCHDORF Group plants processed 741.8 million kg of milk, whey and permeate
in the past year (-2.6% compared to previous year). The difficult market and
milk price conditions meant that significantly reduced liquid volumes were
accepted and processed in the foreign milk plants. However, a total of 409.1
million kg of milk, whey and permeate was processed in the Swiss plants. This
represented an increase of +5.2% on the previous year's figure of 388.9 million
kg. The growth was largely due to significantly higher whey quantities processed
in the Sulgen plant (+44.9%).

The group processed a reduced quantity of liquid than the previous year, which
was also reflected in the product quantities sold. They were reduced by -2.3% to
237,289 tonnes (previous year 242,821 tonnes).

Gross sales revenues maintained at last year's level
At CHF 550.9 million, the gross sales revenue of the HOCHDORF Group remained
close to the previous year's level of CHF 551.2 million. "The gross sales
revenue is within the range of CHF 540 to 580 million announced in the
half-yearly report," explained CEO Dr. Thomas Eisenring. Low milk prices across
the year with correspondingly lower product prices in Dairy Ingredients have had
a negative impact on the turnover. The higher sales volumes in Baby Care had a
positive influence on sales revenues.

Significantly higher revenue figures expected
The measures undertaken to increase efficiency and the company's adjusted
strategy are having a positive effect on the operational results. "We have taken
the right path and despite the challenging market in Dairy Ingredients we are
expecting a group-wide EBIT in line with the percentage range of between 4.0 and
4.2% intimated in the half-yearly report," explained Dr Thomas Eisenring. As a
result the HOCHDORF Group will still be in a position to announce good revenue
figures despite difficult market conditions.

The complete company results for 2016 will be published on 13 March 2017.

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=BPOEPMFYMC
Document title: Press Release: Sales and Turnover Figures 2016
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End of ad hoc announcement------------------------------------------------------
--------------------------Information and Explanation of the Issuer to this
News:


The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 550.9 million in 2016. It is one of the leading foodstuff
companies in Switzerland, employing 620 staff as of 31.12.2016. Made from
natural ingredients such as milk, wheat germ and oil seeds, HOCHDORF products
have been contributing to our health and wellbeing since 1895 - from babies to
senior citizens. Its customers include the food industry and the wholesale and
retail sectors. Its products are sold in over 90 countries. The shares are
traded on the SIX Swiss Exchange in Zurich (ISIN CH0024666528).

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Language: English

Company:  HOCHDORF Holding AG

          Siedereistrasse 9

          6281 Hochdorf

          Switzerland

Phone:    +41 41 914 65 65

Fax:      +41 41 914 66 66

E-mail:hochdorf@hochdorf.com

Internet: www.hochdorf.com

ISIN:     CH0024666528

Listed:   SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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539041  26-Jan-2017 CET/CEST
 



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