SWITZERLAND: Lindt - a little luxury makes all the difference - COMMENT
Lindt & Sprungli has reported a 9.3% increase in net profits. The Swiss chocolate company had a good year, with healthy growth in sales and profits. The US was a particularly strong market, as consumers are rethinking their spending in the face of economic uncertainty and splashing out on little luxuries rather than major purchases. Lindt should do well in 2001 - but it will have to watch out for rivals also on the lookout for sweet success. It's nice to know that the US market isn't a disappointment for everybody right now. With a focus on premium chocolates, Lindt & Sprungli is providing little luxuries that people aren't afraid to splash out on. The US has now become its most significant market with above average sales growth. Including the impact of US-based Ghirardelli Chocolate Company, which the company bought in 1998, the American market made a considerable contribution to Lindt's sales and profit growth.
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