Lindt: the sweetest share in Zurich, as outlook reassures
(CercleFinance.com) - The Lindt & Sprüngli stock is up Tuesday on the Zurich Stock Exchange, the best performaner in the SMIM index, after the group reassured in its forecasts when it published its annual results.
The stock is currently up over 3%, although is still down almost 10% YTD, while the Swiss mid-cap index has increased by 3% in comparison.
On Tuesday the group confirmed that it had recorded a 6.1% decline in organic sales in 2020, which reached around 4 billion Swiss francs, a decline that led to a 38% drop in annual operating profit to 420 million Swiss francs.
The group from Kilchberg expects to achieve organic sales growth of between 6% and 8% in 2021, with its operating margin improving by between 13% and 14% before returning to 15% next year.
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The stock is currently up over 3%, although is still down almost 10% YTD, while the Swiss mid-cap index has increased by 3% in comparison.
On Tuesday the group confirmed that it had recorded a 6.1% decline in organic sales in 2020, which reached around 4 billion Swiss francs, a decline that led to a 38% drop in annual operating profit to 420 million Swiss francs.
The group from Kilchberg expects to achieve organic sales growth of between 6% and 8% in 2021, with its operating margin improving by between 13% and 14% before returning to 15% next year.
Copyright (c) 2021 CercleFinance.com. All rights reserved.