Swiss luxury chocolate maker Lindt & Spruengli has posted 2002 net profit of 102m Swiss francs (US$75.2m), an increase of 11% compared to the previous year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company posted 2002 earnings before interest and tax (EBIT) of 170.8m francs, a year-on-year increase of 7.8%. Analysts polled by Reuters had on average forecast net profit of 102.4m francs and EBIT of 170.7m francs.

“These results are all the more encouraging because they were achieved under extremely tough conditions, characterised by negative consumer sentiment, ongoing trade concentration and unrestrained competitive pricing,” the company was quoted by Reuters as saying.

The chocolate industry has been hit by rising cocoa prices due to political unrest in the Ivory Coast, which produces around 40% of the world’s cocoa.

Lindt & Spruengli said sales rose 5.6% to 1.68bn francs, while in local currencies sales rose 7.6%.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now