Lindt & Spruengli raises guidance, starts buyback

Chocoladefabriken Lindt & Spruengli AG

26/07/2022 06:10

ZURICH, July 26 (Reuters) - Swiss chocolate maker Lindt &
Spruengli  LISN.S  on Tuesday raised its sales guidance and
unveiled a 1 billion Swiss franc  ($1.04 billion) share buyback
programme after first-half net profit jumped 36% to 138.4
million francs.
    It said it now expected 2022 organic sales growth of 8-10%
with an operating margin of around 15%. It had previous guided
for 6-8% growth this year.
    
    
    ($1 = 0.9638 Swiss francs)

 (Reporting by Michael Shields, Editing by Miranda Murray)
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