March 6, 2018 / 6:16 AM / a year ago

Lindt & Spruengli expects growth below long-term target this year

ZURICH, March 6 (Reuters) - Lindt & Spruengli said it expected organic sales to grow by around 5 percent this year, below the chocolate- maker's long-term target, as difficulties at its U.S. business persist.

Chocolate makers have had a tough time recently as consumers tend to prefer healthier snacks, but Lindt has fared better than mass-market rivals thanks to its focus on the high-margin premium segment and building up its own retail network.

Net profit at the maker of Lindor chocolate balls rose 8 percent to 452.5 million Swiss francs ($481.79 million) last year, the company said on Tuesday as it also announced a share buyback programme of up to 500 million Swiss francs. ($1 = 0.9392 Swiss francs) (Reporting by Silke Koltrowitz, editing by John Revill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below