Financial Results

Olam expects a more favourable market condition in 2021, after posting a strong set of results. Pic Olam International

Financial results

Olam reports robust 2020 performance

By Anthony Myers

Olam has reported a strong operating performance across its new structure, which includes its cocoa business in Olam Food Ingredients (OFI).

Lindt is planning on a better Easter in 2021. Pic: Lindt & Sprüngli

Financial results

Lindt banking on ‘pent-up’ demand as net profits fall

By Anthony Myers

Swiss premium chocolate maker Lindt & Spruengli said it is aiming for 6-8% organic sales growth this year after the pandemic hits key areas of its business with net profit falling 37.5% to 320.1 million Swiss francs ($349.53 million) in 2020.

Hotel Chocolat Group posts strong update, despite its retail outlets being closed for 12 weeks because of the coronavirus pandemic. Pic: Hotel Chocolat

Financial results

Hotel Chocolat Group announces 3% revenue increase for FY20

By Anthony Myers

Premium British chocolatier Hotel Chocolat Group plc has announced revenue of £136m ($174m), an increase of 3% compared with the same period last year, despite its physical high-street outlets being shuttered for 12 weeks because of the coronavirus lockdown.

The temporary closure of around 500 of Lindt's own shops during the Easter season hit its half-year sales. Pic: Lindt & Sprüngli

Financial results

Lindt sales and profit hit by Easter lockdown due to COVID-19

By Anthony Myers

Lindt & Sprüngli reported a strong start to 2020, but the Swiss chocolate maker said it expected organic sales to fall around 5-7% this year after COVID-19 related store closures hit sales and profit following the global shutdown.

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