Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Chocolate maker Lindt & Spruengli FY sales rise 8%, backs 2023 view
4/4
© Reuters. FILE PHOTO: Lindor chocolate eggs of Swiss chocolatier Lindt & Spruengli are displayed during the annual news conference in Kilchberg, Switzerland March 3, 2020. REUTERS/Arnd Wiegmann
2/4
© Reuters. FILE PHOTO: Lindor chocolate eggs of Swiss chocolatier Lindt & Spruengli are displayed during the annual news conference in Kilchberg, Switzerland March 3, 2020. REUTERS/Arnd Wiegmann
2/4
ZURICH (Reuters) - Lindt & Spruengli said on Tuesday that strong international sales helped organic sales grow by 8.4% last year and the Swiss chocolate maker backed its sales growth forecast for this year, despite expecting inflation to pose a challenge.
Overall sales rose to 4.97 billion Swiss francs ($5.30 billion) in 2022, the maker of Lindor balls and gold foil-wrapped Easter bunnies said in a statement.
That was slightly ahead of a 4.96 billion franc consensus estimate by analysts.
Despite strong growth in North America and countries grouped in "Rest of the World," consumer sentiment dampened in key markets, while sales in Europe fell slightly to 2.30 billion francs from 2.33 billion due to currency effects, Lindt said.
Still, the company said it was "confident" of achieving an operating margin of 15% for 2022.
The chocolate maker expects a challenging 2023 due to the inflationary environment, but maintained its sales growth target of 6-8%.
Kepler Cheuvreux analyst Jon Cox said Lindt tends to be more affected by recessions than its peers.
"In the premium segment, Lindt could suffer more than other players, at least in the early stages of recession when retailers tend to cut back on more expensive products," he said.
Lindt's full results are due to be published on March 7. ($1 = 0.9244 Swiss francs)
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.