Brief: Lindt & Sprüngli Says FY EBIT At CHF 744.6 Mln, Up 15% Y/Y

Chocoladefabriken Lindt & Spruengli AG

07/03/2023 06:08

March 7 (Reuters) - Chocoladefabriken Lindt & Spruengli
AG  LISN.S :
    * INCREASES SALES AND PROFIT
    * FY GROUP SALES OF CHF 4.97 BILLION AND AN EBIT MARGIN OF
15.0%
    * FY OPERATING PROFIT (EBIT) INCREASED BY 15.5% YEAR ON YEAR
TO
CHF 744.6 MILLION (PREVIOUS YEAR: CHF 644.9 MILLION)
    * FY NET INCOME ROSE TO CHF 569.7 MILLION (PREVIOUS YEAR:
CHF
490.5 MILLION)
    * FY FREE CASH FLOW AMOUNTS TO CHF 526.1 MILLION AND CASH
FLOW
MARGIN IS 10.6%
    * PROPOSES INCREASED DIVIDEND OF CHF 1,300 (PREVIOUS YEAR:
CHF
1,200) PER REGISTERED SHARE AND CHF 130 (PREVIOUS YEAR: CHF 120)
PER PARTICIPATION CERTIFICATE
    * OTULOOK 2023: FOR MEDIUM TO LONG-TERM TARGETS, WE EXPECT
ORGANIC
GROWTH OF 6 TO 8% PER ANNUM
    * OUTLOOK 2023: EXPECTS IMPROVEMENT IN OPERATING MARGIN OF
20 TO
40 BASIS POINTS PER ANNUM
    * OUTLOOK 2023: EXPECTS CURRENT ECONOMIC CONDITIONS -
CHARACTERIZED BY HIGH INFLATION AND VOLATILITY - TO CONTINUE IN
MOST MARKETS

Source text for Eikon:  ID:nEQTJ6c9a 
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