Lindt & Sprüngli recorded double-digit organic sales growth of +10.3% in 2023 to 5.20 billion Swiss francs.
All regions contributed to sales growth: Europe, the largest sales market, with strong organic growth of +9.1, North America, the second largest region, with +11.0% and the 'Rest of World' zone with 12.9%.
Most of the growth was attributable to price increases resulting from higher raw material prices, but the volume/mix also ended the year slightly up, with a trend towards improved volumes in the latter part of the year.
Lindt & Sprüngli is targeting an operating profit margin (EBIT) of around 15.5% in fiscal 2023 (previous year: 15.0%).
For 2024, Lindt & Sprüngli expects organic sales growth of 6-8% and an increased operating profit margin of 20-40 basis points.
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Chocoladefabriken Lindt & Spruengli AG is a Switzerland-based and globally active holding company developing, producing and selling chocolate products. The Companyâs products are sold under the brand names Lindt, Ghirardelli, Caffarel, Hofbauer and Kufferle. The Company has six production sites in Europe and two in the United States. The Company sells its products mainly in countries within Europe and the North American Free Trade Agreement (NAFTA) countries. In September 2014, it announced the placement of 1 billion Swiss francs worth of bonds issues to finance Russell Stover Candies takeover. The Companyâs subsidiaries include Chocoladefabriken Lindt & Sprngli (Schweiz) AG, Chocoladefabriken Lindt & Sprngli GmbH, Lindt & Sprngli SAS, Lindt & Sprngli (UK) Ltd, Lindt & Sprngli (Poland) Sp. z o.o., L&S (Brazil) Holding Ltd and Lindt & Sprngli (Asia-Pacific) Ltd., among others.
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