Lindt confirms FY outlook after H1 organic growth accelerates

Chocoladefabriken Lindt & Spruengli AG

24/07/2018 06:29

ZURICH, July 24 (Reuters) - Swiss chocolate maker Lindt &
Spruengli  LISP.S  said it was on track to achieve its growth
target this year after organic growth accelerated in the first
half, helped by an improvement in the challenging North American
market.
    However, challenges for the sector remain as chocolate
consumption has been hit by a trend towards healthier snacking
and changing shopping habits as consumers buy more online where
they are less tempted to drop a chocolate bar in their shopping
cart.
    Net profit at the maker of Lindor chocolate balls rose 13
percent to 86 million Swiss francs ($86.59 million), just ahead
of a forecast for 84.3 million in a Reuters poll.  urn:newsml:reuters.com:*:nL8N1UF58Z
 ($1 = 0.9932 Swiss francs)

 (Reporting by Silke Koltrowitz; Editing by Gopakumar Warrier)
 ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;))