Lindt & Spruengli posts 2024 sales slightly below expectations
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FILE PHOTO: Lindt chocolate is seen in their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo
(Reuters) - Swiss chocolate maker Lindt & Spruengli on Tuesday said its sales grew 7.8% organically last year, coming in slightly below market expectations, hit by record high cocoa prices and weakened consumer sentiment.
The maker of Lindor chocolate balls said its overall sales were 5.47 billion Swiss francs ($5.97 billion) in 2024. That missed analysts' average forecast of 5.49 billion francs, based on LSEG data.
For 2025, Lindt forecast increased organic growth of between 7% and 9% and an improvement in its operating profit margin of 20–40 basis points.
The company will report full annual results on March 4.
($1 = 0.9158 Swiss francs)
(Reporting by Anastasiia Kozlova in Gdansk; editing by Milla Nissi)
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