Key figures

Amounts in CHF million First half of 2016** First half of 2015**    
Net sales 1'594.1 1'563.0    
of which Switzerland 853.2 874.2    
of which Americas 416.4 387.3    
of which Europe 254.4 230.8    
of which Global Trade 70.1 70.6    
         
Change in sales in % 2.0 -3.8    
Acquisition effect in % 2.0 1.4    
Currency effect in % 0.7 -3.5    
Net sales increase in organic terms (in loc. currency) in % -0.7 -1.7    
         
Earnings before interest, taxes, depreciation and amortization (EBITDA) 153.3 142.0    
as % of net sales 9.6 9.1    
Earnings before interest and taxes (EBIT) 92.5 84.4    
as % of net sales 5.8 5.4    
Net profit 60.8 46.2    
as % of net sales 3.8 3.0    
         
  30.06.2016 31.12.2015    
Total assets 2'542 2'551    
of which shareholder’s equity incl. minority interests 1'415 1'394    
as % of total assets 55.7 54.6    
         
Headcount (full-time equivalents) 5'750 5'405    
         

** No significant non-recurring effects were recorded during the reporting periods in 2016 and 2015. For this reason, Emmi has decided not to disclose adjusted earnings.

Amounts in CHF million 2015 2014 2014 adjusted*  
Net sales 3'214 3'404    
         
Acquisition effect in % 0.6 1.3    
Currency effect in % -3.2 -1.1    
Net sales increase in organic terms (in loc. currency) in % -3.0 3.0    
         
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 314.9 293.1 292.0  
as % of net sales 9.8 8.6 8.6  
Earnings before interest and taxes (EBIT) 188.9 136.2 170.7  
as % of net sales 5.9 4.0 5.0  
Net profit 120.2 78.9 109.4  
as % of net sales 3.7 2.3 3.2  
Investment in fixed assets (excl. acquisitions) 81.2 118.4    
as % of net sales 2.5 3.5    
Headcount (full-time equivalents) as at 31.12. 5'405 5'305    
Headcount (full-time equivalents) at yearly average 5'311 5'282    
Net sales per employee CHF 000s (average) 605 644    
Volume of milk processed in kg million 1'599 1'667    
         
  31.12.2015 31.12.2014    
Total assets 2'551 2'532    
of which shareholders' equity incl. minority interests 1'394 1'313    
as % of total assets 54.6 51.9    

* Adjusted for non-recurring effects. There were no significant non-recurring effects in the period under review. In the previous year, non-recurring effects had an impact of CHF -34.5 million on EBIT and CHF -30.5 million on net profit. These effects in 2014 resulted from the impairment charge in Italy as well as from the extraordinary gains and losses on the sale of entities, businesses, and property, plant and equipment.