Swiss chocolatier Lindt & Sprüngli, best known for its golden Easter bunnies, has seen its turnover rise 8 % and net profit grow 24 % in 2013.
Profit of just below 250 million euro
Lindt & Sprüngli managed a 2.88 billion Swiss franc (2.4 billion euro) 2013 turnover, an growth of 8.6 % it largely owes to “rapid growth in North America” and “increasing market shares elsewhere”. Net profit was a quarter higher in 2013 at 303 million francs (250 million euro), which means the Swiss chocolatier barely missed out on analysts’ expectations of 306 million francs net profit.
The group founded in 1845 expects another 6 to 8 % turnover growth this year, with an improved economic situation in 2014, even though resources would remain expensive and that the price point pressure would continue on in 2014.
Lindt & Sprüngli also announced it will create a joint venture with Brazilian retail specialist CRM, which commercializes the chocolate brand ‘Kopenhagen’ in Brazil and has an extensive store network. The Swiss will control 51 % of shares in the new joint venture called Lindt & Sprüngli Brazil Holding.