The Hochdorf Group’s net sales rose by a pleasing 3.8 % compared to the first half of 2021 to CHF 145.7 m. However, the result at Ebit level was burdened by the above-average increase in costs for energy, raw materials and logistics and fell to CHF –15.9 m. Despite this, the gross margin developed positively, particularly as a result of price transmissions and contract adjustments. For the second half of 2022, the company expects a continued positive operating performance and a further improvement in the gross margin.

The Food Solutions and Food Specialities divisions contributed CHF 118.3 m (+5.2 %), while the Baby Care division, which covers infant nutrition, contributed CHF 27.4 m (–1.6 %) to the net sales. The increase in sales of approximately 27 % for milk powder more than compensated for the decline in lower-margin milk and cream products (–18 %). This positive development is due to the strong increase in demand from the chocolate industry combined with the change in strategy to focus on Smart Nutrition. Hochdorf is transforming itself from a volume-oriented milk processor to a technology and needs-based milk refiner.