Emmi generated net sales of CHF 3,259 million in 2016 (2015: CHF 3,214 million), which corresponds to an increase of 1.4 %. In organic terms, i.e. adjusted for currency and acquisition effects, the result was a decline of 1.0 %, which is at the lower end of the -1 % to +1 % range forecast in August 2016. The acquisition effects are attributable to the following companies: Purchase of the cheese business of J.L. Freeman (Canada, 15 April 2015) Acquisition of Redwood Hill (USA, 31 December 2015) 60 % stake in Bettinehoeve (Netherlands, 2 February 2016) Increased stake in SDA Chile (Chile, 19 May 2016) Acquisition of Cowgirl Creamery (USA, 31 May 2016) Earnings, unlike sales, exceeded...
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