Swiss chocolate producer Lindt and Sprüngli today [Tuesday] announced H1 sales up 2.7% to SFr640.3m (US$423m) compared with the same period of last year.
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Analysed in local currencies, which account for 80% of Lindt’s earnings, sales rose 6.3%, Lindt reported in a statement. “In the first half of 2002 the Lindt and Sprüngli Group reported organic growth of plus-6.3% in local currencies, which means the company is once again well on the way to achieving its strategic goal of an annual growth of 5-7%,” the group added
Lindt made a pre-tax loss of SFr19m in the half, an 8.7% improvement on the equivalent period in 2001. The company said it always records a loss during the first half because more than 60% of its total annual sales traditionally occur later in the year and around Christmas in particular.
Sales rose in Europe and North America as well as in Australia, according to Lindt, but decreased in Latin America, the Middle East and Asia as well as in the duty-free business, reported Agence France-Presse.
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