Lindt & Sprüngli Announces Double-Digit Organic Sales Growth and Margin Improvement in 2023 Financial Year

Lindt & Sprüngli, a renowned chocolatier, reported a significant 10.3% organic sales growth, reaching CHF 5.20 billion in 2023. The company saw an increase in operating profit margin to 15.6%, leading to an operating profit of CHF 813.1 million. Net income rose by 17.9% to CHF 671.4 million, despite the impact of a one-time tax adjustment. The company also reported a free cash flow of CHF 476.8 million, indicating solid financial health.

The growth was attributed to strong sales across its various segments, with particularly robust performance in Europe, North America, and key markets in the Rest of the World segment, such as Japan, Brazil, and Australia. The global bestseller Lindor continued to drive sales, contributing to double-digit growth across regions. The company’s strategic expansion and product innovation, including the introduction of non-dairy Lindor Oatmilk truffles, played a significant role in this success.

Lindt & Sprüngli also emphasized its commitment to sustainability, reporting that 72.3% of its cocoa sourcing complied with its Farming Program or other sustainability initiatives. It aims to achieve 100% by 2025. Additionally, the company continues to pursue science-based climate targets, seeking to achieve net-zero greenhouse gas emissions by 2050.

Looking forward, Lindt & Sprüngli remains optimistic about maintaining its growth trajectory and improving operating margins. It acknowledges challenges such as the recent spike in cocoa prices but confirms its strategic targets for organic growth between 6 and 8% and further margin enhancement.