Lindt & Sprüngli Reaches Sales Of CHF 4 Billion For First Time
Swiss-based chocolate company Lindt & Sprüngli posted record sales of CHF 4.088 billion (€3.47 billion) in 2017, representing growth of 4.8% compared to the previous year.
This is the highest value of sales that the confectionery company has achieved in its history, and has been attributed to 'gaining significant shares in almost all markets'.
The company added that, given challenging conditions, such as saturated markets and growing pressure on prices, this represents a good performance.
However, organic sales growth stood at 3.7%, which fell below the group's long-term strategic target, due to the modest growth seen in its US business.
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