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January 22, 2008

SWITZ: North America gains sweeten Lindt

Swiss chocolate maker Lindt & Sprüngli has seen off fierce competition in North America to post a jump in sales last year.

Swiss chocolate maker Lindt & Sprüngli has seen off fierce competition in North America to post a jump in sales last year.


The company booked full-year revenue of CHF2.9bn (US$2.6bn), a rise of 11.8% on a constant currency basis.


Lindt said per capita chocolate consumption “stagnated” in Western markets but insisted its namesake and Ghirardelli brands had seen “significant” market share gains in North America.


“This is particularly encouraging because the competitors in the world’s biggest chocolate market have launched an unprecedented wealth of new products in their efforts to penetrate the expanding premium segment,” Lindt said.


Rising commodity costs will have “no negative impact” on Lindt’s bottom line, the company said.


Lindt will publish its profit numbers for 2007 on 18 March and said it expects to see operating profit rise by “20 to 40 base points” on a year earlier.

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