Lindt & Sprüngli will continue to grow at double-digit rates in 2022
The chocolate manufacturer Lindt & Sprüngli increased its sales significantly in 2022 and scratched the 5 billion mark. The US companies in particular have recorded strong growth rates. For 2023, the company is sticking to the long-term goal.
Published: 4 minutes ago
The chocolate group Lindt & Sprüngli increased sales again last year. Business was in full swing, especially in the USA. (Archive image)
The chocolate manufacturer from the left bank of Lake Zurich achieved sales of 4.97 billion francs last year, organic growth was 10.8 percent. The company thus grew somewhat more slowly than in the previous year. In 2021, Lindt had grown organically by a record-breaking 13.3 percent, albeit after an extremely weak corona year with a sharp drop in sales.
In Swiss francs, Lindt increased sales by 8.4 percent, as the manufacturer of Lindor balls announced on Tuesday. With the figures presented, the company is above its own expectations of 8 to 10 percent organic growth. Analysts surveyed by AWP had expected an average growth rate of 10.0 percent.
With the revival of social contacts and increased celebrations, chocolate products were said to be in much greater demand for gift-giving occasions. The most important product line of the Lindt brand – Lindor – subsequently grew strongly across all markets.
The US business was also strong. There, the company recorded growth of 15.7 percent, with all three US companies – Lindt, Ghirardelli and Russell Stover, which has recently been weakening, showing double-digit growth, according to the announcement. In the “Rest of the World” region, Lindt even grew by 16.6 percent, while Europe recorded the lowest growth rate of 5.3 percent.
Lindt & Sprüngli is not yet announcing profit figures – they will be published with the annual balance sheet in spring. But the company has already confirmed the targeted EBIT margin of around 15 percent in the announcement. We are confident of achieving this.
For the 2023 financial year, which is again challenging in an inflationary environment, sales growth of 6 to 8 percent per year with an improvement in the operating profit margin of 20 to 40 basis points is planned as part of the unchanged medium to long-term goals.