Half year results 2023
Media and IR presentation
Agenda
Review | Ralph Siegl |
CEO and Delegate of the Board | |
Half year results: financials | Thomas Freiburghaus |
CFO | |
Outlook | Ralph Siegl |
CEO and Delegate of the Board | |
Questions | Video conferencing and/or chat |
Technical issues, interview requests, intro | Marlène Betschart |
and outro | Head of Corporate Communications and IR |
2 | Media and IR presentation, 24 August 2023 |
Complementary to the traditional Swiss dairy value chain
86.8% Water
4.0% Fat
5.0% Lactose
0.8% Minerals
3.4% Protein
(Casein/Whey: 80/20)
3
Whey
Alternative protein
Selected raw materials Whey protein
Lactose
Fat
Casein protein
"HOCHDORF inside" Value added
Infant nutrition (Whey protein & Lactose)
Specialized nutrition
Functional powder (Whey powder) Alternative proteins
Milk
Butter
Cheese
Yoghurt
Milk powder
Media and IR presentation, 24 August 2023
Half year 2023
Strategy on track
- Phase 1 "operational recovery" of mid-termtransformation plan is on track
- Favorable product mix and further clean-up of portfolio delivered first positive results in years
- Strong results for Infant Nutrition: Strategic focus pays off, contributing to 33% of net sales
- Processed more milk than planned: important role in Swiss milk market regulation, but low margins
- High number of product registrations
- Cash flow stable, financial legacy issues still a burden
4 | Media and IR presentation, 24 August 2023 |
Half year results 2023: Financial overview Best operational result since five years
Net sales: | CHF 154.2m, up 5.8% to prior year |
Gross profit: | CHF 52.1m, up 52.9% to prior year |
Gross margin: | up from 21.3% in H1 2022 to |
30.5% in H1 2023 (H2 2022: 29.9%) | |
Operating costs: | CHF -45.4m |
EBITDA: | CHF +6.7m |
EBIT: | CHF +1.6m |
Net result: | CHF -0.9m |
5 | Media and IR presentation, 24 August 2023 |
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HOCHDORF Holding AG published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 05:20:03 UTC.