Newscasts - Rising costs, high prices no hindrance to Lindt sales

Chocoladefabriken Lindt & Spruengli AG

22/07/2025 10:39

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Source: 'Reuters - Business videos'

Description: Swiss chocolate maker Lindt & Spruengli raised its organic sales growth forecast for 2025 on Tuesday, citing consumer loyalty and a trend towards more premium products. Julian Satterthwaite reports.

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Video Transcript:

Rising costs aren't stopping Swiss chocolate maker Lindt & Sprungli raking in sales. The firm said Tuesday that revenue hit close to $3 billion for the January-June period, beating forecasts. That prompted it to raise its growth outlook for the year to up to 11%. Shoppers apparently weren't put off by hefty price increases for its products. They went up close to 16% over the period. Much of that was driven by high prices for essential ingredient cocoa. It's been trading at elevated levels following poor harvests in key producer nations. The maker of Lindor chocolate balls said it had benefited from strong customer loyalty, and a trend towards more premium products. Sales in Europe led gains, with growth of close to 18%. But North America looked a lot weaker, with a rise of just 3.6% amid weak consumer sentiment. Lindt also faced foreign exchange headwinds, with the Swiss Franc soaring during a period of global economic turmoil. That cuts the value of its overseas earnings when changed into its home currency.