Lindt & Sprüngli achieved what it describes as solid sales growth of 6.6%, despite a challenging environment, with sales of CHF 1,502 billion in the first half of 2016.
Lindt & Sprüngli achieved what it describes as solid sales growth of 6.6%, despite a challenging environment, with sales of CHF 1,502 billion in the first half of 2016. Operating profit (EBIT) increased by 8.6% to CHF 98.4 million, and net income increased by +11.1% to 72.2 million.The biggest challenges facing the company in the first six months of the year were continuously high raw material prices for cocoa beans and cocoa butter, stagnating chocolate markets and generally subdued consumer sentiment. Extensive adjustments of Russell Stover’s product portfolio, as well as the optimization of its promotions strategy also had an impact on group sales growth in the first half of 2016. On top of that, the performance in the first half of this year is set against the above-average half-year results achieved in 2015, the company said. In this difficult environment, Lindt & Sprüngli claims that it once again succeeded in outperforming the chocolate market as a whole and gaining important market shares in the first half of 2016.Lindt & Sprüngli expects an acceleration of sales growth in the second half of 2016 compared to the first six months of the year. This should enable the company to achieve its strategic targets for the full year, it said.