In the first six months of 2020 the company has continued to implement the restructuring introduced in the summer of 2019.
In the first half of 2020, Hochdorf Group processed 187.9m kg of milk, whey, cream and butter milk in Switzerland. It also sold 46,357 tonnes of product and achieved a net sales revenue of CHF158m ($174m), compared to CHF243m ($267.5m) the previous first half.
The fall in net revenue is mainly explained by the sale in February of Uckermrker Milch GmbH from the Dairy Ingredients division. An EBITDA of CHF5m (5.5m) means that the company has completed the first half year with positive results, fulfilling bank covenant requirements. The positive EBIT of CHF1.2m ($1.3m), an improvement on the first half of 2019 which sa…
Read the full article at: https://www.dairyreporter.com/Article/2020/08/17/Hochdorf-restructuring-leading-to-better-results