Lindt shares tick higher after chocolate maker lifts 2024 margin forecast By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
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Source: Investing.com
Lindt & Spruengli's Financial Outlook: The Swiss chocolate maker has raised its 2024 operating profit margin forecast to at least 16%, with anticipated organic growth of 7%-9% in 2025, despite challenges from high cocoa prices and currency fluctuations.
Consumer Demand Resilience: Despite significant price increases due to soaring cocoa costs, consumer demand for Lindt & Spruengli's brands remains strong, indicating robust sales performance in several European markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
