Lindt & Sprungli Outperforms Chocolate Market

 Breaking News
  • Bord Bia’s 2018 Brexit Barometer Results The Irish Government has launched the Bord Bia 2018 Brexit Barometer, a comprehensive survey of 117 Irish food, drink and horticulture companies, representing 48% of the sector’s exporters to the United Kingdom. Over 100 senior industry representatives attended the launch in Bord Bia to hear the report findings. The purpose of the Brexit Barometer is to assess [...]...
  • Cargill Invests in Mouscron Facility to Meet Demand For Belgian Chocolate With the rapid rise in consumer demand for premium, high quality Belgian chocolate, Cargill has invested in a new liquid chocolate production line in its Mouscron production facility in Belgium. This investment increases the company’s capacity to produce milk and dark chocolate and creates up to 10 new local jobs. Cargill’s cocoa and chocolate business will [...]...
  • Heineken Makes Biggest Ever Investment in UK Pub Estate Heineken UK is making its largest ever annual investment in Star Pubs & Bars, investing £44 million during 2018. This investment is more than double the figure invested last year (£20 million) and brings Heineken’s total expenditure on pubs to almost £140 millioin over the past five years.Around a quarter of Star’s 2,900 pubs will [...]...
  • New Starter Culture Secures Mild and Creamy Soft Cheeses Chr. Hansen’s latest launch helps cheesemakers to produce soft cheese that maintains the desired taste and texture. The extension to the DVS® SSC series is the latest addition to Chr. Hansen’s soft cheese starter culture range. The product series now consists of four cultures and is designed to create soft cheese with a mild flavor and [...]...
  • TOP Develops Technology Platform For Dairy Farmers TOP from Wageningen in the Netherlands is developing a technology platform that enables dairy farmers to sell bottled milk from individual cows. With the technology it will be possible to pasteurize and package bottles of milk from individual cows. Dutch consumers will soon be able to buy milk from their very own favourite cow. In the [...]...

Lindt & Sprungli Outperforms Chocolate Market

Lindt & Sprungli Outperforms Chocolate Market
January 21
13:54 2011

Swiss premium chocolate manufacturer Lindt & Sprungli has outperformed the international chocolate market with organic sales growth of 7.3% in local currencies for 2010. Lindt & Sprungli, which has six production sites in Europe, two in the US and distribution and sales companies on four continents, managed to increase share in all of its key markets and further strengthen the Lindt, Ghirardelli and Caffarel brands. The group has performed in line with its sales forecasts, and the measures implemented in 2009 in preparation for an economic upswing have proven successful.

Lindt & Sprungli reported sales of SFr2.58b (Eur1.98b) and expects to post an operating profit (EBIT) for 2010 in the SFr300-340m range when it announces its full results in March. However, the consolidated sales figure in Swiss francs was impaired by negative currency effects involving the euro as well as the US dollar and pound sterling, resulting in an increase of 2.2% as against the previous year.

Practically all group companies succeeded in outperforming their respective market. Double-digit growth was generated in Lindt & Sprungli’s most important sales market of North America, where Lindt and Ghirardelli were once again among the chocolate brands that enjoyed the most rapid growth. The same was true of the UK, the largest European overall chocolate market. Also in countries such as Italy and Germany, which had been particularly hard hit by the economic crisis in 2009 and the associated weakness of consumer sentiment, Lindt & Sprungli again recorded substantial growth rates.

Even in the ultra-competitive and highly saturated Swiss home market, Lindt & Sprungli was able to expand its already considerable market share. Despite the strong Swiss franc, direct exports from Switzerland to the overseas markets performed positively, posting high double-digit figures – confirming that the ‘step-by-step’ strategy is having a significant impact in terms of anchoring the Lindt brand ever more broadly in emerging markets. Only Australia failed to meet expectations.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2018Packaged., The 7th Global Summit
  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here