Lindt: 2019 sales growth buoyed by Europe

(CercleFinance.com) - Swiss chocolate maker Lindt & Sprüngli said market share gains in Europe lifted sales by 4.
5% in the past year, and confirmed its growth target for the years ahead.

The group's sales amounted to 4.5 billion Swiss francs in 2019, representing organic growth of 6.1%, within the target range that was set for the financial year.

Lindt said that it achieved "solid" organic growth of 6.2% in Europe, thanks to market share expanding in key countries, and growth "particularly strong" in Germany and Austria.

The "Rest of the world" segment generated organic sales growth of 7.6%, it added, with Japan, China and Brazil posting "double-digit" growth.

For the years ahead, Lindt & Sprüngli confirmed its medium- to long-term sales growth target of 5%-7% per year, combined with a steady 20-40 basis points improvement in its operating margin.

In Zurich, its participation certificates traded on SIX Swiss Exchange were up 0.5% at 7930 Swiss francs after this statement.

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