Lindt: raises margin target for 2024

(CercleFinance.com) - On Tuesday Lindt & Sprüngli announced that it had posted better-than-expected organic growth in 2024, and raised its operating margin target for the year just ended.


The Swiss chocolate maker said it generated sales of 5.47bn Swiss francs last year, showing organic growth of 7.8%, compared with a consensus target of around 7%.

The Kilchberg-based group also raised its EBIT margin target to over 16%, compared with 15.6% in 2023.

For 2025, Lindt expects organic growth of between 7% and 9%, partly thanks to price increases.

According to analysts at Stifel, this solid publication is a further illustration of the brand's strength.

At around 10:30am, the ordinary share price was up over 4% in early trading on Tuesday, while the preference share gained around 5.4%.


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