US EditionPrice Hikes Nibble at Demand for Lindt Chocolate
EUROPE, JUL 22 – Lindt & Sprüngli raised its 2025 organic sales growth forecast to 9-11% after a 15.8% price increase offset a 4.6% volume decline amid high cocoa costs and currency headwinds.
- First-Half results showed Lindt & Spruengli reported half-year sales rose 9%, while net profit fell by 13.3% to 189 million Swiss francs.
- Amid soaring raw material costs, Lindt & Spruengli hiked its prices by 15.8% to offset record-high cocoa costs, while the Swiss franc's strength against key market currencies created headwinds.
- According to the company, Europe's organic sales grew 17.7%, North America's rose 3.6% amid weak sentiment, and the Rest of the World increased 7.8% with double-digit gains in Japan, Brazil, South Africa, and China.
- In a statement, Chief executive Adalbert Lechner said `We have shown resilience in a challenging market environment,` adding that innovation and cost-cutting efforts mitigated rising cocoa costs.
- On Tuesday, Lindt & Spruengli raised its organic sales growth target to nine to 11 percent, citing continued consumer loyalty and a shift towards premium products.
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In the first half of the year, the chocolate company Lindt increases its prices by 15.8 percent. Sales of popular products such as the gold bunny are shrinking because of this, but revenues are still rising. This development worries investors - and the competition.
The AEX fell further around lunchtime, to just above the 900-point mark. The weakening of chip stocks, in particular, contributed to the continued downward trend. AkzoNobel suffered significant losses after the results.
·Amsterdam, Netherlands
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Total News Sources41
Leaning Left4Leaning Right7Center8Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 21%
C 42%
R 37%
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