Swiss chocolate maker Lindt & Spruengli has reported a 20% rise in 2003 net income, boosted by the introduction of new products.

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The company posted net income of CHF122.4m (US$94.5m), beating analysts’ expectations of around CHF115m.


Lindt & Spruengli said new products, including its Golden Bunny, helped offset a fall in tourism, which reduced sales of luxury goods worldwide, reported Reuters.


Operating earnings before interest and taxes rose 10.5% to CHF118.7m, which was in line with expectations.


CEO Ernst Tanner said the company has had a strong start to the year and expects to report good results for 2004.

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