Lindt exceeds market expectations with 6% annual sales growth | Progresiv

Lindt & Sprüngli has reported a rise in 2016 revenues driven by strong performance in Europe, which exceeded analysts’ forecasts.

In its sales report, the Lindor producer reported a 6.8% increase in annual sales in Swiss francs to CHF 3.9 billion, representing 6% organic growth.

The report called organig growth of 7.4% in Europe “gratifying” and said Lindt & Sprüngli UK was the fastest growing chocolate brand in Britain over the period. Germany, France and the Uk – which account for 30% of sales in the region – propelled Lindt’s sales growth in Europe.

However, the company’s US business slowed growth. Lindt recorded organic sales growth of 3.4% in North America region in 2016. (www.confectionerynews.com)