Summary: Lindt & Sprüngli Group anticipates continued organic growth of 5-7% for the full financial year. It also expects the operating profit margin (EBIT) to improve by 20-40 basis points in the full year, in line with the mid- to long-term target...
Despite the challenging market environment in 2018, Lindt & Sprüngli Group continued its solid growth path and further extended its leading position in the premium chocolate market, it said as it released its end-of-year financial results.
Lindt & Sprüngli has announced plans to double the size of its US headquarters to meet growing consumer demand in the US premium chocolate market, which it says is its biggest and carries the most potential.
Despite volatile cocoa prices, fragile consumer confidence and retail price pressure, positive first-half results posted by Swiss chocolate maker Lindt & Sprüngli point to a high level of resilience at the premium end of the confectionery category.
In confectionery news this week, Woolworths secures sweet supplier
EUK with a loan deal, confectionery product launches outnumber
other food categories, and dark chocolate continues to prove
popular with manufacturers.