Nestlé will be forced to drop the Swiss cross from 80 products manufactured in Switzerland following a new law on 'Swissness' set to come into force in January next year. "This is very unfortunate," the head of Nestlé Switzerland has...
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.
From a wedge of cheese sold in a carton pack, to Swiss chocolate for special occasions, this year’s Pro Carton ECMA Awards focused on the sustainability of cartonboard as a replacement for other types of packaging material.
Lindt & Sprüngli has reported strong sales growth in the first half of the year driven by its North American business and recent Russell Stover acquisition as global chocolate markets slow or decline.
Nestlé is aiming to reposition its Swiss Cailler brand as a high-end chocolate for international markets to fill a gap analysts have identified in its premium chocolate portfolio.
Swiss chocolate consumption has fallen in 2014 and domestic chocolate sales have been hit by rising competition from importers profiting from the strong Swiss Franc, says Chocosuisse.
Lindt & Sprüngli intends to invest CHF 200m ($217m) in new production lines at existing plants in the US and Europe in response to rising demand in developed markets.
The chocolate industry in Switzerland has reported a value sales decline in 2012 as the strong Swiss franc harmed exports and warm weather damaged consumer sentiment at home, according to trade association Chocosuisse.
Lindt & Sprüngli’s operating profit rose 10.3% in 2012 and the company has declared itself “partially unaffected” by the continuing economic downturn as consumers still seek quality chocolate in tough times.
The cardboard packaging market will continue to be driven by ecological aspects for 2013 but also increased interest in special effects, the CEO of PAWI Packaging says.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
A downturn in sales throughout Western Europe has seen Barry Callebaut fail to meet its projected growth for the first quarter. However the Swiss chocolate supplier said it is still outperforming the market.
Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.
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.
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 a move said to be aimed at bolstering its premium confectionery packaging unit and allowing wider European expansion, RLC packaging has acquired Swiss folding box manufacturer Limmatdruck/Zeiler.
Rising demand in Germany informed a hike in sales to that market of nearly 17 per cent for Swiss chocolate manufacturers in 2010, who report sector recovery following the notable sales decline in 2009.
Chocolate maker Barry Callebaut has reported increased profits and sales volumes for the six months to the end of February 2010, despite a declining global chocolate market.
2009 proved a challenging year for the Swiss chocolate industry with manufacturers recording losses for the first time in six years, reports industry body Chocosuisse.
The drop in demand for premium products in Europe impacted sales for Swiss chocolate maker Lindt & Sprüngli last year and the company expects pressure on margins to continue due to higher input costs.
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.
The acrylamide-reducing enzyme Preventase has been granted approval
for use in Switzerland, marking a new step down the road towards
industry-wide adoption for biscuits and other baked goods.
Nestle doesn't expect raw material prices to rise further this
year, despite a recent FAO report that forecasts an increase of
over 2 per cent in the world food import bill in 2006.
Givaudan, the world's number one fragrance and flavour player, saw
sales in its flavour division slipping by 6.5 per cent for the
first quarter, impacted by a loss of products and a fall in prices,
writes Lindsey Partos.
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 chocolate maker Lindt & Sprüngli has revealed strong results that
put organic growth in double figures and gave it its first ever
year with no first-half operating loss. The company said the
results had been particularly...
Leading Swiss Chocolate processor Barry Callebaut says that on the
back of strong six monthly results it will be looking to increase
its presence in the consumer sector.
Exports of sugar confectionery from Switzerland rose by more than
10 per cent last year, offsetting a mediocre performance on the
home market. But with imports taking a lesser share of sales this
year, the industry hopes that focusing...
Barry Callebaut, the Swiss chocolate producer, has continued to go
from strength to strength despite depressed consumer spending and
the strength of the Swiss franc. As in Q1, first half figures were
boosted by the Stollwerck acquisition...
Price discounting by retailers and the strength of the Swiss franc
severly reduced exports of biscuits from Switzerland to Germany, by
far the most important foreign market. The situation is no better
at home, with cheap imports reducing...
Only a 5 per cent increase in export sales last year prevented the
Swiss sugar confectionery industry from suffering its second
successive decline in annual sales.
While many drink producers have complained about poor summer
weather last year, the rains seems not to have reached Switzerland,
where a heatwave severely depressed sales of chocolate. Thankfully,
exports continued to grow during...
Premium chocolate maker Lindt & Sprüngli has reported a rise in
sales for 2002 despite tough trading conditions in most of its key
markets - a performance it attributed to a consistent strategy of
expansion and innovation.