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

Danone closes WhiteWave, who will acquire Stonyfield?

Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...

BLOG

Premier Foods pension news offers cheer but challenges remain

Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....

BLOG

Another reshuffling of pack at Hain Celestial

Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....

BLOG

FrieslandCampina looking to sell final non-dairy asset

FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....

just-food homepage



Forgot your password?