DGAP-Adhoc: HOCHDORF Holding AG: Significant Increases in Revenue and Turnover
HOCHDORF Holding AG / Key word(s): Development of Sales
30.01.2014 07:15
Release of an ad hoc announcement pursuant to Art. 53 KR
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HOCHDORF Group Press Release: Developments in Sales and Turnover in 2013
Hochdorf, 30 January 2014 - The HOCHDORF Group increased its gross sales
revenue last year by +8.4% to CHF 375.7 million (previous year CHF 346.6
million). The main reason for the increase in turnover is the significant
growth in the baby care business area. Last year the group processed 454.6
million kg of milk and whey (+2.8%; previous year 442.3 million kg). The
sales volume also remained largely stable at 91,699 tonnes (+1.7%). The
Group managed to significantly increase its operational result.
454.6 million kg of milk and whey were processed in the HOCHDORF Group
plants in 2013 (+2.8% compared to the previous year). In the second half of
the year in particular, the Group managed to process more milk than in the
same period last year. It also purchased considerably more whey (+40%).
Utilisation of plant capacity remained high despite some difficulties in
the milk supply.
A significant increase in gross sales revenue
In the last business year, the HOCHDORF Group sold products at a value of
CHF 375.7 million (unchecked, previous year CHF 346.6). 'Each business area
has made a contribution towards the growth in turnover, but the baby care
area was responsible for the largest increase,' commented Dr Thomas
Eisenring, CEO of the HOCHDORF Group. In 2013 HOCHDORF sold infant formula
totalling CHF 94.5 million (previous year CHF 70.6 million, +33.8%). This
exceeded the ambitious growth target of 20 - 30% set for baby care
products.
A slight increase in sales figures
In addition to the gross sales revenue, the group also slightly increased
the amount of products sold to 91,699 tonnes (+1.7%, previous year 90,196
tonnes). In the past year for instance, it sold over 14,000 tonnes of
infant formula (+26.3%), 14,088 tonnes of milk powder for the chocolate
industry (+3.5%) and 1,148 tonnes of VIOGERM(R) wheat germ and VIOGERM(R)
wheat germ oil (-13.0%).
Hans-Rudolf Schurter and Rolf Schweiger to leave
Chairman of the Board of Directors Hans-Rudolf Schurter and board member
Rolf Schweiger have informed the board of their intention to resign at the
forthcoming AGM. Hans-Rudolf Schurter was elected onto the Board of
Directors at the 1996 AGM. He took on the role of chairperson in 2005. Rolf
Schweiger is leaving after serving on the HOCHDORF Board of Directors for
twelve years. Nominations for their replacements will be announced at a
later date.
Revenue figures exceed expectations
The group has made up ground in terms of its revenue figures overall. 'The
results for 2013 show a significant improvement in almost all business
areas,' said Dr Thomas Eisenring. In the second half of the year the group
achieved a slight improvement on the figures for the first six months, a
result which exceeds the expectations.
The complete company results for 2013 will be published on 10 April 2014.
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Information and Explaination of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross sales
revenue of CHF 346.6 million in 2012. It is one of the leading foodstuffs
companies in Switzerland, employing 381 staff as of 31.12.12 (356 full-time
staff). Made from natural ingredients such as milk and wheat germ, 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 and its products are sold in around 80
countries. The shares are traded on the SIX Swiss Exchange in Zurich (ISIN
CH0024666528).
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=MPLHRXFOGO
Document title: Developments in Sales and Turnover 2013
30.01.2014 News transmitted by EQS Schweiz AG.
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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
Valor:
Listed: SIX
End of Announcement EQS Group News-Service
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