Lindt & Sprüngli once again reports double-digit organic growth

In Swiss francs, Group sales increased by 4.6% to CHF 5.20 bn, influenced by the negative currency effect of - 5.4%. All regions contributed to the sales growth: Europe, the largest sales market, with strong organic growth of 9.1%, North America, the second most important region, with 11.0%, and the ”Rest of the world” area with 12.9%.
Existing and new geopolitical uncertainties as well as persistent inflation, coupled with persistently depressed consumer sentiment in many countries, shaped the 2023 financial year. While the supply market situation normalized to some extent, the volatility of individual raw materials remained high, according to the company. This applies in particular to the most important raw material, cocoa, the price of which almost doubled over the course of the year, reaching a new all-time high on the London commodity futures exchange at the end of the year.
Despite the challenging environment, Lindt & Sprüngli reports another record sales result for the 2023 financial year. Thanks to efficiency and process improvements in the production facilities Lindt & Sprüngli was able to partially offset the cost increases in raw material prices. Through close collaboration with the trade partners, the company subsequently passed on the remaining costs through price increases.

Growth in tourism resulted in an increase in consumer footfall in the Group‘s own stores and in the travel retail business. The online business, which continued to gain momentum after the pandemic, also contributed to this positive development. Due to the further expansion of the Group‘s own e-shops and the stronger collaboration with online retailers, the sales channel is gaining further momentum. Lindt & Sprüngli‘s clear positioning as a leading brand in the premium chocolate market paid off once again in the last year.