Lindt & Sprungli (LISN.SW, CHLSY) – Sales Update
Chocoladefabriken Lindt & Sprüngli is a Swiss-based global leader of premium chocolate. Its products are recognized the world over and include the core brand Lindt, along with Ghirardelli, Russell Stover, Caffarel, and Hofbauer.
On January 13th, the company provided a FY25 sales update in which it announced it achieved organic growth of 12.4%. Group sales in Swiss Francs increased by 8.2% to CHF 5.92 billion, mainly influenced by a negative currency effect of -3.9%.
“The financial year 2025 was shaped by geopolitical and economic uncertainty, cautious consumer behavior, and unprecedented high cocoa costs, resulting in double digit price increases and lower volumes across the industry.”
“Consumers still long for quality, moments of bliss, a small, special treat – and as a premium brand we meet that demand. People are striving for high-quality chocolate that delivers an exceptional experience.” -Group CEO Adalbert Lechner
In Global Retail, sales in the around 620 owned stores and 21 e-shops grew substantially across all markets with an overall 20.8% growth. By region, Europe grew +15.3% (in-line with consensus), with Lindt achieving +DD% growth in all subsidiaries, with the strongest organic growth of more than 20% in Benelux, Central Eastern Europe, the Nordics, as well as Spain and Portugal. North America grew +8.9% (beating consensus of +6.9%). Rest of the World sales increased +11.7% (vs consensus of +10.3%), with +DD% in key markets such as Japan, Brazil, South Africa, China, and Chile.
When discussing portfolio innovation, Lindt highlighted that in 2025, the standout was the global rollout of Lindt Dubai Style chocolate, the biggest innovation of the year. Beyond the initial Lindt Dubai Style tablet, they expanded the range with pralines, countlines, and line extensions in dark and white chocolate. In North America, Ghirardelli and Russell Stover also launched their own Dubai Style products. The Group also broadened its core product range with the global rollout of Excellence Pistachio, and launched new Lindor flavors, such as Shortbread and Golden Caramel.
For FY26 and the years thereafter, Lindt reiterated its typical algo of +6-8% organic sales growth and 20-40 bps of operating margin expansion.
Lindt will now report its full FY25 earnings results on Tuesday, March 10th.
