Lindt & Sprungli saw sales and profits rise in 2013, the Swiss chocolate maker announced today (11 March).

The Lindor owner booked an 8% increase in sales to CHF2.89bn (US$3.29bn). Organic growth totalled 8.6%, the company revealed.

Earnings grew ahead of sales during the year. Operating profit increased 22.4% to CHF404.1m on an EBIT margin of 14% while net earnings rose 23.7% to CHF303m.

Lindt said that it had gained market share in established markets at the same time as pursuing geographic expansion in emerging markets.

The company has grown the proportion of sales generated by its retail division, which now has 200 outlets and accounts for 9% of sales. “Own distribution concepts are vitally important, especially in gaining access to new markets with no strong chocolate tradition, in order to establish the premium brand values of Lindt and enhance familiarity with the brand,” the company said.

Alongside the results, Lindt announced a new venture in Brazil.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the result, Kepler Cheuvreux analyst Jon Cox said: “We are long-term fans of the case and the management team and we don’t deny there has been a step up in earnings dynamics with the expansion of the company’s retail expansion.”