Swiss chocolate company Lindt & Sprüngli has reported a 21% rise in net profit for 2006 to CHF209m (US$172.7m), in line with analysts’ forecasts, on the back of growing sales for its Lindor brand pralines and its chocolate bars in the US.
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Revenues for 2006 increased by 15% to CHF2.59bn, with sales in North America rising to more than US$500m. Operating profit rose by 19.4% to CHF297m.
“Year-for-year our two brands Lindt and Ghirardhelli are enjoying double-digit growth, year-for-year our two brands are growing fastest and year-for-year we are winning market share,” said CEO Ernst Tanner, adding that the group planned to invest more than CHF500m over the next three years in improving processing, storage and logistics at its facilities. This represents the company’s most ambitious investment programme to date.
In its bid to grow its business in the US, Lindt has adapted the Lindor pralines offer to suit American tastes, even launching a peanut butter flavoured version.
