Lindt Forecasts Profitability Improvement at High End of Range

Lindt & Spruengli AG (LISN), the world’s largest maker of premium chocolate, raised its profitability forecast after reporting first-half earnings that beat estimates as improving economic growth boosted consumption.

The operating-margin increase this year will be near the upper end of a targeted 0.2 percentage-point to 0.4 percentage-point range, the Kilchberg, Switzerland-based company said in a statement today.

First-half net income rose 40 percent to 48.8 million Swiss francs ($53 million), beating the 44.3 million-franc average of five analyst estimates compiled by Bloomberg. The sales gain excluding currency effects was 8.7 percent, led by 13 percent growth in North America, the world’s largest chocolate market.

“The global economy reported a slight improvement, which had a positive impact on consumer sentiment in many countries,” Lindt said. “In parallel, the pressure of several foreign currencies on the Swiss franc decreased somewhat.”

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net

To contact the editors responsible for this story: David Risser at drisser@bloomberg.net; Celeste Perri at cperri@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.