Lindt & Spruengli raises guidance, starts buyback

Reuters

ZURICH – Swiss chocolate maker Lindt & Spruengli on Tuesday raised its sales guidance and unveiled a 1 billion Swiss franc ($1.04 billion) share buyback programme after first-half net profit jumped 36% to 138.4 million francs.

It said it now expected 2022 organic sales growth of 8-10% with an operating margin of around 15%. It had previous guided for 6-8% growth this year.

($1 = 0.9638 Swiss francs)

(Reporting by Michael Shields, Editing by Miranda Murray)

tagreuters.com2022binary_LYNXMPEI6P051-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.