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Lindt Sees Global Chocolate Market Growing 2 Pct In 2019
Eiffage: Priora to build Maison du Chocolat for Lindt & Spruengli in Switzerland
Lindt & Spruengli confirms mid-term financial targets
Chocoladefabriken Lindt & Spruengli AG is a Switzerland-based and globally active holding company developing, producing and selling chocolate products. The Company’s 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 Company’s 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.
Executive Chairman of the Board of Directors
Chief Executive Officer, Member of the Management Board
Chief Financial Officer, Member of the Management Board
Member of the Management Board, Responsible for International Marketing
Member of the Management Board, Responsible for International Sales
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Swiss chocolate maker Lindt & Spruengli <LISP.S><LISN.S> expects sales growth of about 5 percent this year, below its mid-term target, as difficulties persist in its U.S. business.
* Shares down nearly 2 percent (Rewrites, adding analysts, share price reaction)
* Non-voting certificates down 1.5 pct (Adds CEO comments, market reaction)
Swiss chocolate maker Lindt & Spruengli expects like-for-like sales to increase by another 6 percent this year, at the lower end of its long-term target, in a sign that a shrinking overall market in the United States is making growth more difficult.
Swiss chocolate maker Lindt & Spruengli increased its dividend and said it expected organic sales to again grow around 6 percent this year after a lower tax rate helped boost its net profit in 2016.
Swiss chocolate maker Lindt & Spruengli boosted its share of a stagnating market in 2016 thanks to solid showings in Europe, Japan and Brazil, it said on Tuesday.
Swiss chocolate maker Lindt & Spruengli boosted market share in a stagnating market in 2016 thanks to solid showings in Europe, Japan and Brazil, it said on Tuesday.
* FY group sales increase in Swiss francs by +6.8% to 3.901 billion Swiss francs ($3.88 billion)
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.