Lindt provides sweet solace in downturn
Lindt and Sprüngli, has seen net profit jump by 20 per cent, as consumers turn to chocolate to cheer them up amid the economic downturn.
Lindt said on Tuesday that profits were up 20.1 per cent over last year to SFr91.5 million ($54.9 million).
The confectionary company said it had grown in all of its major markets with some areas displaying double-digit growth. Overall sales were up 6.3 per cent to SFr1.591 billion.
Analysts predict further growth in luxury chocolate market this year as consumers continue to seek solace in sweets during the economic downturn. Lindt is expecting a good Easter, as people across the globe indulge in chocolate eggs and bunnies.
The company has proposed an increase in its share dividend to SFr90, ten francs more than last year.
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