Chocolate specialist Lindt & Sprüngli generates 24 % more profit | RetailDetail

Chocolate specialist Lindt & Sprüngli generates 24 % more profit

Chocolate specialist Lindt & Sprüngli generates 24 % more profit

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.

Questions or comments? Please feel free to contact the editors


Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.

Alibaba goes Turkish with stake in Trendyol

29/06/2018

Alibaba is the new strategic partner of Trendyol, one of the best-known e-commerce companies in Turkey. With this partnership, the Chinese retailgroup strengthens its presence in Europe.