The Fenaco cooperative can look back on a stable financial year in a challenging environment. Net revenue fell to CHF 7.29 billion (USD 8,7 billion) due to price factors. Operating profit (EBIT) remained at the previous year's level at CHF 107.2 million (USD 128 million). The same applies to the company result, which came in at CHF 97.2 million (USD 116 million). The EBIT margin improved slightly to 1.5 percent. The equity ratio rose to 65.6 percent. The economic outlook for 2025 is cautiously positive. With the election of Michael Feitknecht as the new CEO and the nomination of Jean-Daniel Heiniger as the future Chairman of the Board of Directors, the company has set an important course for the future.
Pierre-André Geiser, Chairman of the Board of Directors of Fenaco Genossenschaft, Martin Keller, CEO of fenaco Genossenschaft
Outlook for the 2025 financial year
For the 2025 financial year, Fenaco expects net revenue to remain at the same level as in 2024. The cost situation remains challenging, although there are signs of easing, particularly in the energy sector. EBIT and net income are likely to improve slightly compared to the previous year. On July 1, 2025, Michael Feitknecht will take over as Chairman of the Executive Board from Martin Keller. The Board of Directors recently nominated Jean-Daniel Heiniger as the future Chairman of the Board of Directors and successor to Pierre-André Geiser for the 2026 Delegates' Meeting. Fenaco Genossenschaft has thus set an important course for the future.
Despite the adverse conditions, potato yields were average, except organic farming, which has particularly limited resources at its disposal. The organic potato harvest exceeded 50 percent below the long-term average. Vegetable yields were also below average, except for carrots. The fruit year was also challenging, but productive.
Convenience: Strong demand for French fries
In the convenience segment, Frigemo Produktion und Handel specializes in the production and marketing of potato, vegetable, and fruit products. Frigemo exceeded the strong previous year in both retail and catering, resulting in record sales. French fries were in particularly high demand. However, weak harvests at home and abroad, as well as variety-specific customer requirements, made raw material procurement challenging. Prices were high, and quality was not always at the usual level.
Quality offensive for Swiss cherries
In the business segment Fresh, Inoverde was able to achieve attractive harvests overall, despite the poor weather conditions. Many producers could secure their yields thanks to the targeted use of the crop protection products still available. Organic production, on the other hand, suffered some major losses. Although Inoverde's sales volumes developed positively, it was not possible to pass on the higher producer prices and persistently high costs for personnel, energy, and logistics in the sales prices. Inoverde is committed to sustainable agricultural production in many ways and has recently joined the AgroImpact network and the Science Based Targets initiative. To strengthen the market position of Swiss cherries as a premium fruit and their competitiveness, Inoverde launched the 'Cherry Quality Offensive 2025+'.
For more information:
www.fenaco.com/
www.inoverde.ch/
www.frigemo.ch/