Lindt & Sprüngli products will be more expensive

By: Trademagazin Date: 2023. 03. 13. 11:12

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The Swiss chocolate manufacturer Lindt & Sprüngli announced that it closed 2022 with a pre-tax profit of 569.7 million francs (217 billion forints), which represents an increase of 16.1 percent compared to the previous year. This exceeded analysts’ expectations of 566 million francs. The company announced back in January that it managed to achieve an organic sales increase of 8.4 percent last year, Reuters reported.

They added that, like last year, they will probably raise their prices this year as well. Then they increased the price level of their products by 4 percent. The price increase was justified by high raw material costs and energy prices.

They confirmed their previous information that they expect organic revenue growth of 6-8 percent by 2023. Based on their performance last year, they can pay a dividend of 1,300 francs (almost HUF 500,000) per share, after 1,200 francs in 2021. By the way, Lindt & Sprüngli announced last August that it was leaving the Russian market.