Lindt & Sprüngli reports strong sales growth

According to the company, all geographical regions contributed to the growth, in particular the countries in the Rest of the World and North America regions.

The Europe region reported organic growth of 5.3%, which resulted in sales of CHF 2.30 bn, which was due to currency effects slightly below the previous year of CHF 2.33 bn. In Europe, Germany, France, the UK and Italy remain Lindt & Sprüngli`s most important markets, with good growth from a high sales base.

In the North America region, Lindt & Sprüngli posted organic growth of 15.7%, resulting in sales of CHF 2.03 bn (previous year: CHF 1.69 bn). All subsidiaries – including Russell Stover – recorded double-digit growth year-on-year. The Rest of the World region saw the strongest growth. The organic growth of 16.6% resulted in sales of CHF 0.65 bn (previous year: CHF 0.57 bn). The markets of the future, Brazil, Japan and China, and the Global Travel Retail division in particular achieved very good growth rates.

Lindt & Sprüngli is confident to meet its goal, communicated with the half-year results, of achieving an operating profit margin (EBIT) of around 15% in the financial year 2022. For the financial year 2023, which will be another challenging one due to the current inflationary environment, Lindt & Sprüngli plans – as part of its unchanged medium to long-term objectives – to achieve sales growth of 6 to 8% per year and an increased operating profit margin of 20 to 40 basis points. More details on the full-year results for 2022 will follow on Tuesday, March 7, 2023.