Chocolate maker Lindt experiences huge growth | RetailDetail

Chocolate maker Lindt experiences huge growth

Chocolate maker Lindt experiences huge growth

Swiss chocolate maker Lindt has had a very successful fiscal 2014, thanks to strong American sales after its Russel Stover acquisition.

Future growth as well

Lindt's underlying turnover has grown 10 % in 2014, which is much better than the average, single-digit growth in the rest of the market. Lindt will publish its full-year results on 10 March.

 

"I'm confident sales will continue to grow 6 to 8 percent in the future. Russell Stover should also be able to generate similar growth rates, but we first have to fully integrate them", CEO Ernst Tanner said.

 

Strong growth thanks to acquisition

Lindt paid 1.3 - 1.5 billion dollars (1.11 - 1.28 billion euro) last year to acquire Russel Stover, which has made it the third largest chocolate maker in America, the largest chocolate market in the world.

 

The company has also achieved decent European growth, mainly in France, Germany and the United Kingdom. Its European turnover grew 6.5 % while its American operations grew 14.3 %.

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