Lindt: confirms outlook after 2019 profit rises

(CercleFinance.com) - Swiss chocolate maker Lindt & Spruegli said it expects organic sales growth of 5% to 7% in the coming years after market share gains helped boost its profit in 2019.


Lindt confirmed its existing mid- to long-term organic sales growth target of 5%-7% per year, coupled with a 20-40 basis point annual improvement in its operating margin.

By achieving these targets, the company will continue to outperform all its markets.

In the financial year 2019, Lindt achieved organic sales growth of 6.1%, in line with the target range it set. Group sales increased by 4.5% to 4.5 billion Swiss francs.

Excluding one-off expenses, operating profit (EBIT) rose by 6% to 675 million Swiss francs, enabling net income to rise by 5.1% to 521 million Swiss francs.

Lindt preference shares were up 5.1% in Zurich after the report.

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