Revenue distribution by sectors:

• Dairy products: 60%
• Cheese: 25%
• Fresh products and desserts: 10%
• Other (e.g. powdered products, baby food): 5%

TOP 3 markets and their percentage shares:

• Switzerland: 45%
• USA: 20%
• Germany: 15%

Emmi AG generates the majority of its revenue from the sale of dairy products, followed by cheese and fresh products. The domestic market Switzerland remains the most important market, followed by the USA and Germany. These markets are crucial for the company as they are significant in terms of both volume and growth potential. Emmi continuously invests in expanding and diversifying its product range to remain competitive in these markets.

Production Sites:

1. Switzerland: Main production country with multiple locations.
2. Germany: Production facilities for various dairy products.
3. USA: Production capacities for the North American market.
4. Spain: Production plants for local and international markets.
5. Italy: Specialized production, especially for cheese varieties.

Emmi AG has strategically established its production capacities in multiple countries to serve both local markets and support international exports. Switzerland remains the core of production, while sites in Germany, the USA, Spain, and Italy expand the company's global reach. This geographical diversification enables Emmi to efficiently respond to regional demand and market conditions.

Revenue Growth: 6.5% (2024) Profit Growth: 5.2% (2024)

Emmi AG pursues a strategy focused on sustainable growth and innovation. The company is concentrating on strengthening its international presence, particularly in the North American and Asian markets, to benefit from the increasing demand for premium dairy products.

Another key focus is on developing and marketing products with higher added value, such as lactose-free and plant-based alternatives. Emmi is also investing in sustainable production methods and setting ambitious goals to reduce its CO2 footprint to meet the growing consumer demand for environmentally friendly products.

Through strategic acquisitions and partnerships, Emmi plans to further expand its market share and enhance its innovation capabilities. This includes investments in research and development to establish new product lines and improve existing ones.

Main raw materials: Milk, sugar, coffee, cocoa

Import countries:

• Milk: Switzerland (local procurement), EU countries (e.g. Germany, France)
• Sugar: Brazil, EU countries
• Coffee: Brazil, Colombia, Vietnam
• Cocoa: Ivory Coast, Ghana

Emmi AG, as a leading Swiss milk processing company, sources the majority of its milk from Switzerland to support local agriculture and ensure quality. For other raw materials such as sugar, coffee, and cocoa, Emmi relies on imports. Sugar is often imported from Brazil and the EU, while coffee is sourced from the main producing countries Brazil, Colombia, and Vietnam. Cocoa is mainly imported from Ivory Coast and Ghana, as these countries are among the largest cocoa producers in the world.

This import strategy enables Emmi to produce high-quality products while ensuring supply security.

Market share in Switzerland: 24% (2024)
International revenue growth: 8% (2024)
EBIT margin: 7.5% (2024)

Emmi AG has a significant competitive advantage, especially in the Swiss market, where the company holds a market share of 24%. This underscores its strong position as a leading provider of dairy products in the region.

Internationally, Emmi shows solid revenue growth of 8%, attributed to successful expansions and adaptation to local markets. The EBIT margin of 7.5% indicates an efficient cost structure and an ability to operate profitably, which is considered advantageous compared to many competitors in the industry.

These key figures suggest that Emmi AG is well positioned to remain competitive in both domestic and international markets. The focus on innovation and quality further supports this advantage.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Trades: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share at Emmi AG is around 45%, indicating a solid trust from institutional investors in the company's long-term strategy and market position.

There have been no significant insider transactions in the last 12 months, suggesting that the management and other insiders are satisfied with the current company's development and see no need to change their positions. This can be interpreted as a sign of stability and confidence in the company's future performance.

Market share of Emmi AG: 12% (2025, estimated)

Major competitors and their market shares:

1. Nestlé SA: 25%
2. Danone SA: 18%
3. Arla Foods: 15%
4. Emmi AG: 12%
5. Lactalis Group: 10%
6. FrieslandCampina: 8%
7. Müller Group: 7%
8. Savencia Fromage & Dairy: 5%

Emmi AG is a significant player in the international milk and cheese market, but positioned behind industry giants like Nestlé and Danone. Emmi AG's market share is around 12%, making them one of the leading companies in the industry, but not at the top.

Emmi AG's economic moat: Emmi AG has a moderate economic moat, mainly stemming from its strong presence in Switzerland and its focus on premium and niche products. This strategy allows Emmi to differentiate itself from larger, diversified competitors. Additionally, Emmi continuously invests in innovation and sustainability, enhancing brand loyalty.

Compared to competitors, companies like Nestlé and Danone have a broader and deeper economic moat due to their extensive resources, diversified product portfolios, and stronger global presence. These factors give them a significant competitive advantage, especially in terms of economies of scale and market penetration.

Overall, Emmi AG has a solid, but not insurmountable economic moat. To strengthen its competitive position, Emmi could benefit from further investments in international expansion and product differentiation.

Revenue Growth: 4.5% (2024) EBIT Margin: 7.8% (2024) Market Share in Switzerland: 24% (2024)

Emmi AG achieved a revenue growth of 4.5% in 2024, attributed to solid demand for its dairy products and successful expansion into international markets. The EBIT margin of 7.8% demonstrates stable operational efficiency, signaling positive profitability for investors.

The company holds a significant market share of 24% in Switzerland, highlighting its strong position in the domestic market. This market presence provides a solid foundation for further growth and stability.

In addition, Emmi AG is investing in sustainable production methods and innovative product lines, which could lead to stronger brand loyalty and a competitive advantage in the long term. Given these factors, Emmi's stock could be an attractive option for long-term oriented investors.

Dividend yield: 1.8% (2024)

Dividend growth: 5% (average over the last 5 years)

In recent years, Emmi AG has paid out a consistent dividend, indicating a reliable dividend policy. The dividend yield of 1.8% in 2024 shows that the company regularly returns a portion of its profits to shareholders.

The average dividend growth of 5% over the last five years suggests that Emmi aims to gradually increase dividend payments. This indicates a stable financial position and positive business development.