date:Mar 27, 2014
ternational markets to CHF 1,435 million (2012: CHF 1,139 million). Adjusted for currency effects (1.0 %) and acquisitions (23.0 %), growth amounted to 2.0 %. The acquisition effect is attributable to the increase in the stakes in Kaiku and Diprola, the purchase of a majority holding in AVH dairy trade and the acquisition of Rachelli and Kserei Studer.
International sales increased in all segments of the core business. The dairy products (CHF 130 million or 84.3 %) and fresh products (CHF 86 mi