Blog: Dean BestWill Lindt figures be sweet enough?

Dean Best | 15 March 2010

Think of Switzerland and the mind turns to three Cs - clocks, cheese and chocolate.

just-food will tomorrow travel to the headquarters of one of the country's leading chocolate makers, Lindt & Sprungli, as the company publishes its 2009 financial results.

In January, upmarket chocolatier Lindt, which has found the downturn particularly challenging, said its 2009 sales had dipped and warned that profits would come in at the low end of its forecast - a forecast
that already set 2009 profits as lower than those booked in 2008.

Tomorrow, Lindt will publish its profit figures for 2009 but of more interest will be the company's guidance for 2010.

Kepler Capital Markets analyst Jon Cox says Lindt has indicated that it can return to 2008 operating profit levels in 2010 but he wonders whether the business will meet that target.

"We suspect that high raw material prices will weigh and the company won't be able to increase prices to protect its margin," Cox warns.


BLOG

Fyffes to face Ethical Trading Initiative disciplinary committee

A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...

BLOG

Could 3G Capital's next move be in foodservice?

Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...

BLOG

Safety allegations could tarnish Mead Johnson's reputation

Headlines that Mead Johnson's board has backed Reckitt Benckiser's takeover bid will no doubt overshadow the other news on the group this week – that it is facing a US lawsuit from a “whistle blower” ...

BLOG

The list of UK's top five grocers has a new member

Kantar Worldpanel issued its monthly supermarket share data in the UK this morning - and the numbers showed a change in the identity of the country's top five food retailers....

just-food homepage



Forgot your password?