The restructuring of HOCHDORF that started in summer 2019 was largely completed with the exception of a few issues. We also concluded the integration of Bimbosan with the move to Hochdorf in January 2021. In the current financial year, it is important to continue on the path of financial recovery.
The HOCHDORF Group
HOCHDORF was founded in 1895. The company develops, produces and markets high-quality infant formula, food for special medical purposes and milk derivatives at its two sites in Switzerland. HOCHDORF infant formula own brands are marketed via HOCHDORF Swiss Nutrition Ltd and Bimbosan AG. HOCHDORF is one of Switzerland's leading food companies, with around 400 employees as of 31 December 2020.
Corporate Strategy 2025 – Growth through "Smart Nutrition"
In its strategic focus up to 2025, HOCHDORF is seeking to position itself as the leading national and international Swiss competence brand for technically advanced specialist foods, in the "Smart Nutrition" segment. This is underlined by the new "HOCHDORF – Swiss Nutrition Solutions" brand identity. Advanced processing expertise for high-quality raw materials, state-of-the-art production technology and the market-focused nutrition expertise of its employees means that HOCHDORF stands out in the global market as a developer, manufacturer and marketing expert in specialist foods for people of all ages with specific nutritional needs. The portfolio offers solutions ranging from high-quality ingredients for the processing food industry to consumer products in the sensitive infant formula segment. HOCHDORF is well positioned in the international food sector in the context of global megatrends in the nutrition market and increasing demands on raw material and product quality.
- Comparisons with previous years are limited due to the restructuring in 2019 and 2020
- Incl. impairment of CHF 65.8 million
Key figures in the annual report
|Processed milk and whey in tonnes||376,009||677,845||661,017||650,017||741,769|
|Products sold, in tonnes||80,732||162,093||154,609||190,499||237,054|
|Total assets (in TCHF)||323,838||455,572||575,231||582,270||425,474|
|Cash flow from operating activities (in TCHF)||–11,325||–15,430||–81,279||6,019||24,227|
|Market capitalisation (in TCHF)||135,991||146,296||146,346||410,700||444,417|
|Share price as at 31.12. in CHF||63.20||83.20||102.00||286.25||309.75|
|Earnings per share in CHF||–34.60||–164.55||2.02||18.43||14.12|
|Staffing levels at 31.12.||391||618||694||695||633|
- Previous year's figures adjusted due to the change in the valuation principles for the hybrid bond (see also the notes to the consolidated financial statements of the HOCHDORF Group "Principles of consolidation" and note 15)