HOCHDORF Holding Ltd: Adjustment of the HOCHDORF annual forecast

Sales delays and inventory write-downs impact net income

Hochdorf (pta006/10.12.2018/07:00 UTC+1) The HOCHODRF Group has revised its annual forecast downwards, based on the sales still expected this year. The Group now expects net revenues in the range of CHF 540 - 570 million as well as a percentage EBIT in comparison to production revenues of 3.5% - 4.0%.

The outlook adjustment is based, among other things, on year-end business for Pharmalys Laboratories SA that is unexpectedly weaker than planned. Furthermore, milk fat/butter prices in the European region have fallen, contrary to expectations. The price decline has a negative impact on the warehouse valuation and also on butter selling prices, especially at Uckermärker Milch GmbH.

Outlook 2018
These two factors will influence both sales and the HOCHDORF Group result. HOCHDORF now anticipates sales in the range of CHF 540 million to CHF 570 million and a percentage EBIT of 3.5% - 4.0% (previously 5.8% - 6.5%) compared to production revenue.

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Emitter:	HOCHDORF Holding Ltd Siedereistrasse 9 6281 Hochdorf Switzerland
Contact Person:	Dr. Christoph Hug
Phone:	+41 41 914 65 62
E-Mail:	christoph.hug@hochdorf.com
Website:	www.hochdorf.com/
ISIN(s):	CH0024666528 (Share)
Stock Exchange(s):	SIX Swiss Exchange