Swiss chocolate maker Lindt & Spruengli has reported better-than-expected first-half results, helped by a 16% rise in sales.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, which does most of its business in the second half due to the busy Christmas period, posted a pre-tax loss of CHF2.5m (US$2.0m) in the first half, compared to a loss of CHF13.4m a year earlier. Analysts had been expecting a pre-tax loss of CHF8.2m.
First-half sales increased 16% to CHF778m, beating analysts’ expectations of CHF725m, reported Reuters.
“Lindt & Spruengli is confident of its ability to exceed its strategic annual growth target (for sales) of 5-7% in 2004,” the company was quoted as saying.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
