Hochdorf Holding AG Announces Resignation of Urs Renggli from the Board of Directors; Announces Revenue Results for the Year 2015; Provides Sales Guidance for the Year 2016; Provides Earnings Guidance for the Half Year of 2016
The company announced revenue results for the year 2015. For the year, the company's gross sales revenue was increased by 28.5% to CHF 551.1 million compared to the previous year. The increased turnover can be explained by the acquisitions of Uckermärker Milch GmbH in Prenzlau and Marbacher Ölmühle GmbH in Marbach.
For 2016, despite the strong Swiss franc and still greater competition on the (international) milk market, the company anticipates revenue figures at the same level as last year.
The company expects to reach the percentage EBIT of between 3.2% and 3.8% announced in the half-yearly report.