Lindt & Sprüngli Group has continued its solid growth path and 'further extended its leading position' in the premium chocolate market, its latest financial results shows.
The chocolate maker’s group sales increased by +5.5% in Swiss francs to reach CHF 4.313 billion, according to its recently published annual report for 2018.
The report indicated that its organic sales growth amounted to +5.1%, which is within the set target range.
Lindt & Sprüngli expanded its market share in all countries.
The solid growth path of the group companies once again laid the foundation for a very successful operating performance: Group operating profit (EBIT) rose by +6.9% to CHF 636.7 million.
The Europe segment is still the most important one for the Lindt & Sprüngli Group, contributing almost half of group sales, the group outlined in a statement.
Overall organic growth in the European markets was a very solid +5.6%.
The group also managed to increase its share of all the mostly saturated European markets, generating higher than average growth.
Since its inception in 2009 Lindt & Sprüngli Group has shown double-digit growth and around 50 additional own shops spread across the world.
Supported by stronger growth in the North America region, Lindt & Sprüngli anticipates sales growth of 5–7% in the mid- to long term.
The group expects organic growth in sales and profits for the 2019 financial year to be within the mid- to long-term target range.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.