Emmi stock holds at CHF 839 as growth broadens

Published on 10/04/2026 at 16:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Emmi stock posted CHF 2.3 billion in first-half 2026 revenue, up 2.2 percent year over year. EBIT margin rose from 6.4 to 6.6 percent.

Flatlay mit Aktienzertifikat, ISIN-Karte, Käse und Milch auf Holztisch — Flatlay-Arrangement mit Aktienzertifikat und ISIN-Karte illustriert Investment in Emmi AG, ISIN CH0012829898, mit Milchprodukten, Illustration mit AI erstellt.

Emmi (ISIN CH0012829898) stock was last at CHF 839 on SIX on October 2, 2026 at 5:30 p.m. CEST, unchanged from the prior close. The company delivered first-half 2026 revenue of CHF 2.3 billion, up 2.2 percent year over year, according to VZ Analysis on September 28, 2026.

Revenue growth gains breadth

Emmi's organic growth reached 3.6 percent in the first half of 2026, with higher volumes supporting activity in Switzerland and growth markets including Brazil, Chile, Mexico and Spain. The combination matters because it spreads the growth contribution beyond the company's domestic dairy base.

Premium products generated about 40 percent of group revenue in the first half of 2026, according to VZ Analysis. Kefir, high-protein drinks, lactose-free milk, ready-to-drink coffee and premium desserts give Emmi several routes to defend volume and pricing.

Margins improve while costs matter

The EBIT margin rose from 6.4 percent to 6.6 percent in the first half of 2026, while return on invested capital increased from 7.6 percent to 7.9 percent, VZ Analysis reported. The margin comparison is central: a 0.2 percentage point improvement shows that volume growth was accompanied by better profitability.

Operating cash flow reached CHF 202.6 million in the same period, and operating cash conversion was 87.8 percent, according to VZ Analysis. The counter-factor is cost pressure: higher milk and raw-material prices can compress margins if price increases do not fully reach consumers.

Emmi stock stays below its yearly high

At CHF 839 on October 2, 2026, Emmi stock stood CHF 71 below its 52-week high of CHF 910 and CHF 150 above its 52-week low of CHF 689. The range places the shares closer to the upper end of the annual band, while the unchanged daily move keeps the immediate market signal neutral.