Lindt & Sprüngli posts sweet results

Chocolatier Lindt & Sprüngli said net profit rose 1.9 per cent in 2011 to SFr246.5 million ($273 million), just ahead of the average analyst forecast.

This content was published on March 1, 2012 - 09:01 and agencies

The company said rising joblessness was dampening consumer sentiment and that Europe's debt crisis made the coming year hard to assess, but stuck to its growth target for 2012.

According to Reuters, analysts had expected a net profit of SFr244 million.

The maker of Lindor chocolate balls and gold foil-wrapped Easter bunnies, based at Kilchberg on Lake Zurich, missed expectations for its organic sales growth in 2011 as demand for its products slowed considerably in debt crisis-shaken southern Europe.

"Commodity markets remain volatile and consumers are being destabilised by the prospect of a worsening employment market," the firm said.

But it added that it was maintaining its target for annual organic growth of six-eight per cent.

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.