FDBusiness.com

Lindt & Sprüngli Achieves Above Average Growth

 Breaking News
  • Lidl Becomes the UK’s Seventh Largest Supermarket The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks ending 13 August 2017, show Lidl has increased its market share to a new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer. Fraser McKevitt, head of retailer and consumer insight at [...]...
  • 2 Sisters Plans Investment in Welsh Plant Britain’s biggest food manufacturer, 2 Sisters Food Group, has announced plans to expand supply from its Welsh processing facility in Merthyr Tydfil. The £1.4 million investment in the beef and sheep plant will be spent on modernising the beef boning hall and improving efficiency, quality and process control. Ranjit Singh, chief executive of 2 Sisters Food [...]...
  • Towards a Fairer Food Supply Chain – European Commission Asks For Input The European Commission is launching an EU-wide public consultation on how to make the EU food supply chain fairer. Farmers, citizens and other interested parties are invited to share their views on the functioning of the food supply chain through an online consultation that runs until 17 November. There are indications that the added value [...]...
  • Bord Bia Leads First Irish Presence at Japan International Seafood & Technology Expo Bord Bia (Irish Food Board) and Irish seafood exporters will exhibit for the first time at Japan International Seafood and Technology Expo in Tokyo  determined that its extensive market insight and promotion activity in South East Asia will lead to new business opportunities. The Bord Bia seafood strategy of expanding into emerging markets and maintaining its strong position in [...]...
  • New Video Guide to WCB Universal Twin Screw Pumps SPX FLOW is committed to providing excellent support and ensuring customers get the most from their equipment. As part of this regime, a series of maintenance videos have been created which provide clear, step-by-step guides to the correct maintenance procedures for SPX FLOW pumps, valves and other products. Properly maintaining equipment is an essential part [...]...
  • World’s Most Modern Snack Plant Begins Operations in Finland The world’s most modern dairy snack plant has commenced operation at Valio Riihimäki in Southern Finland. The snack plant is the largest single investment in Valio’s history. Construction of the new snack plant began in 2014 and took about three years. The area of the plant building is approximately 20,000 square metres. The plant is [...]...

Lindt & Sprüngli Achieves Above Average Growth

Lindt & Sprüngli Achieves Above Average Growth
July 15
11:43 2015

Despite the challenging market environment, Swiss confectionery manufacturer Lindt & Sprüngli succeeded in achieving above average organic sales growth of +9.4% in the first half-year of 2015. Lindt & Sprüngli Group and Russell Stover, the traditional US company acquired last summer, achieved consolidated sales of SFr1.41 billion (Eur1.35 billion). This equates to an increase in Swiss francs of 17.4% compared to the previous year. Excluding Russell Stover, the group’s organic growth is above average, at +9.4%, reflecting significant gains in market share in all main strategic markets and segments.

The negative currency effect on group sales from the further strengthening of the Swiss franc amounts to -7.5%. The above-average sales trend is primarily due to volume growth, but was further boosted by innovative new product launches, the seasonal business and a constantly optimized product mix.

Key markets for chocolate such as Switzerland and Europe are largely saturated, with very little growth. Despite this extremely difficult market environment, however, Lindt & Sprüngli once again succeeded in gaining additional market share with above-average growth rates.

The strength of the Swiss franc and high prices for raw materials will continue to present major challenges. Nevertheless, Lindt & Sprüngli is maintaining its 6-8% target for medium to long-term annual organic growth in this financial year. Russell Stover’s integration into the group is the top priority for this year and this is being accomplished as rapidly as possible. Once this integration has been successfully completed, Lindt & Sprüngli will once again aim for its long-term earnings target: an increase in the EBIT margin of 20 to 40 basis points.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements