Lindt & Sprüngli Achieves Another Record Result

 Breaking News
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...
  • Danish Crown Becomes European Market Leader in Pepperoni Toppings For Pizzas Danish Crown has acquired the Danish pepperoni giant DK-Foods to become the European market leader in pepperoni toppings for pizzas. DK-Foods will operate as a separate business unit under Danish Crown’s subsidiary Tulip Food Company and will spearhead the group’s global focus on pizza toppings. Pizza is the favourite choice of fast food in Denmark, and [...]...
  • Iceland Seafood International Acquires Oceanpath Iceland Seafood International is acquiring Oceanpath Group, the leading fresh fish company in Ireland owning the iconic Dunn’s of Dublin brand, which has been operating since 1822. The acquisition marks a significant step in Iceland Seafood International’s strategy of delivering strong organic growth combined with strategic acquisitions of first rate seafood companies into the group. Iceland [...]...
  • KHS Presents Innovative Block Systems For the Sensitive Range Yoghurt is no longer spooned out of the pot but drunk. Breakfast is no longer just eaten at the kitchen table but also on the hoof. And it should all be as healthy and sustainable as possible. This is one of the reasons why the demand for smoothies, milk and dairy products is steadily growing. [...]...
  • MOGUNTIA Establishing New Future-oriented IT Infrastructure With Infor Infor, a leading provider of industry-specific cloud applications, has announced that MOGUNTIA FOOD GROUP, a spice producer focusing on meat processing based in Basel, Switzerland, has decided to introduce Infor’s Food & Beverage suite in the cloud to consolidate its IT infrastructure. This will help enable MOGUNTIA to adhere to customary certifications more efficiently and [...]...

Lindt & Sprüngli Achieves Another Record Result

Lindt & Sprüngli Achieves Another Record Result
March 09
16:09 2016

Despite the persistently challenging market environment, Swiss chocolate confectionery manufacturer Lindt & Sprüngli Group continues its solid growth pattern with its annual results for 2015 meeting its strategic growth and sales targets. Lindt & Sprüngli achieved consolidated sales of SFr3.65 billion (€3.33 billion), which equates to an increase of 13.5% in local currencies and 7.9% in Swiss francs. Overall, the group achieved organic sales growth of 7.1% Group operating profit (EBIT) rose by 9.4% to SFr518.8 million and the operating margin rose to 14.2 %. Net income increased by 11.2% to SFr381.0 million.

The group performed well in all the major markets, as well as the constantly growing contribution from the Global Retail Division. The group was able to expand its share in all the strategically important markets and thereby strengthen its leadership position in the attractive premium chocolate segment. Lindt & Sprüngli continues to grow at a faster pace than the overall chocolate market. The integration of Russell Stover into the Lindt & Sprüngli is progressing according to plan

LindtProduction2CompressedOrganic growth in the Europe segment amounted to 5.4%. Lindt & Sprüngli UK reported strong double-digit growth, while the sales figures achieved by Germany and France, the group’s biggest European subsidiaries, were also much higher than the market average. Performance in the home market of Switzerland was strong as well, despite a decline in the Swiss chocolate market as a whole.

In North America, Lindt & Sprüngli concentrated its efforts on integrating Russell Stover. The integration is progressing according to plan. Despite the necessary process adjustments and restructuring, Lindt & Sprüngli was able to maintain momentum and increase its sales compared with the previous year, as well as expand its presence in North America.

The Rest of the World segment reported organic growth of 11.4 %. Subsidiaries in Australia, Japan and Russia made particularly good progress, recording double-digit sales growth. In Latin America, Lindt & Sprüngli is concentrating on the strategically important market of Brazil, which is also delivering double-digit growth.

Lindt & Sprüngli has confirmed its guidance for the current financial year – a mid-to long-term organic growth target of 6-8% and an increase in EBIT of 20-40 basis points. Lindt & Sprüngli will continue with the successful integration of Russell Stover into the group. Lindt & Sprüngli’s goal is to be the world’s leading retailer of premium chocolate by 2020. As part of this drive, Lindt & Sprüngli plans to open 20-30 new LINDT shops every year.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
  • April 4, 2018The leading event for the snack and food-on-the-go market
  • April 5, 2018Slow food The forum for good taste
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here