Switzerland · Delayed Price · Currency is CHF Chocoladefabriken Lindt & Sprüngli AG Earnings Call Transcripts
Fiscal Year 2025
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Delivered 12.4% organic sales growth and record EPS, with strong gains in Europe and North America, but guidance for 2026 was lowered to 4%-6% due to weak consumer sentiment and geopolitical tensions. EBIT margin improved despite cocoa cost headwinds.
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Record organic sales growth of 12.4% and EBIT margin improvement were achieved despite volatile cocoa prices and weak consumer sentiment. Guidance for 2026 was lowered to 4%-6% organic growth, with volume recovery expected in H2. Dividend and share buyback programs were expanded.
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Organic sales grew 11.2% in H1 2025, exceeding guidance, with strong performance in Europe and retail. EBIT margin was 11%, and Dubai-style chocolate contributed to growth. Full-year sales growth guidance was raised to 9-11%, with margin expansion at the lower end of the range.
Fiscal Year 2024
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Delivered 7.8% organic growth and a 16.2% EBIT margin in 2024, outperforming the market despite record cocoa prices. Raised 2025 guidance to 7%-9% sales growth, with double-digit price increases planned to offset cost pressures. Strong sustainability progress and continued expansion in emerging markets.
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Organic sales grew 7.8% with record net income and free cash flow, driven by strong European and retail performance. Double-digit price hikes are planned for 2025 to offset cocoa cost inflation, with guidance raised to 7-9% sales growth.
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Achieved 7% organic sales growth and record EBIT margin in H1 2024, driven by strong performance in Europe and Rest of World, despite sharply higher cocoa costs. New CHF 500 million share buyback announced, with continued focus on efficiency, premiumization, and sustainability.