Lindt & Sprüngli has reported 2015 sales growth far above the overall chocolate market and one analyst believes it will continue to outpace multinational premium chocolate competitors in the coming year.
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
There is further evidence that the market for chocolate is not as recession proof as traditionally thought as Barry Callebaut sales in Europe saw a marked drop over Q1.
Contributing the biggest revenue stream to Givaudan, the flavours
unit posted sales of CHF 1.6 billion (€1 billion) sales in 2004,
representing stagnant growth on a like-for-like basis in Swiss
francs.
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period, but chocolate sales were affected by
the late Easter.