In the first half of 2020, the Hochdorf Group processed 187.9 m kg (–15.2 %) compared to previous year) of milk, whey, cream and butter milk (liquid quantity) in Switzerland. It also sold 46,357 t of product and achieved a net sales revenue of CHF 158 m (previous year: CHF 243 m). The fall in net revenue is mainly explained by the sale of Uckermärker Milch GmbH from the Dairy Ingredients division.

An Ebitda of CHF 5 m means that the company has completed the first half year with positive results, fulfilling bank covenant requirements. The positive Ebit of CHF 1.2 m (previous year CHF –52.4 m) is slightly influenced by capital gains from the sale of Uckermärker Milch GmbH.

At CHF –4.1 m, the group’s net profit was slightly negative due to high interest payments (2019 first half year: CHF –63.6 m). Total assets as of 30 June 2020 stood at CHF 418.6 m and the equity ratio was 56.8 %. The Hochdorf Group also generated a free cash flow of CHF 2.9 m.

The Dairy Ingredients division achieved net sales revenue of CHF 120.7 m. This includes CHF 25.4 m in sales from the operating business of Uckermärker Milch GmbH.