Lindt Overcomes Chocolate Slowdown with Price Hikes and Margin Growth, Lifts 2023 Profit 18%
• Lindt & Sprüngli reported 18% increase in 2023 net profit to 671.4 million Swiss francs despite slowdown in global chocolate market • Profit growth attributed to price increases resulting from higher raw material costs and inflation • Earnings before interest and taxes rose 9.2% to 813.1 million Swiss francs; margin expanded to 15.6% • Company confirmed 10% organic sales growth in preliminary 2023 figures and 2024 guidance • Plans to raise dividend payout to 1,400 Swiss francs per registered share and 140 Swiss francs per participation certificate