Hochland Full-Year Report 2022

Stabilised profit situation The profit situation of the Hochland Group was stabilised in the 2022 financial year despite the unpredictable political and economic situation.

Revenue rose by almost € 500 million or 29.3% to € 2.2 billion, whereby this development was mainly due to the necessary price increases in all markets to compensate for the dramatically increased raw material, packaging material and energy prices.

The pre-tax return on sales, on the other hand, decreased by 0.1 percentage points to 3.6%, the earnings before taxes increased by € 16.9 million to € 79.2 million.

The return on equity before income taxes was 10.2%, after 8.8% in the previous year.

Overall, the cheese segment recorded sales losses of 7.6% and the self-service segment of 4.8%. Price increases and the strong performance of full-range retailers during the pandemic led to sales growth of 7.0%. There was a noticeable shift towards private labels, with sales up by 18.2%.

Hochland: Family cheesemaker since 1927 The processed cheese market in Germany grew in value terms compared to the previous year (+10%), as did sales of the Hochland brand (+8%) due to implemented price increases. Private labels accounted for an increase in turnover of 20% and the branded business remained stable.