Lindt & Sprungli today (19 August) reported a jump in half-year profits, with margins that beat analyst expectations.
The Switzerland-based company booked net income of CHF55.8m (US$61.5m) for the six months to the end of June, compared to CHF48.8m a year earlier.
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Kepler Cheuvreux analyst Jon Cox said Lindt’s group margin stood at 6.4%, higher than the 6.2% forecast by analysts.
EBIT grew 17.7% to CHF77.1m despite an increase in almost all the commodities Lindt buys.
The Lindor owner said it had to make “occasional” price adjustments on selected products in the face of the higher cost of commodities including cocoa beans and nuts.
Sales, which Lindt reported last month, increased 6% to CHF1.2bn. On an organic basis, sales were up 9.2%, when measured in local currencies.
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