Chocoladefabriken Lindt & Sprüngli AG (0QKN) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, it is our pleasure to welcome you to the LinkedIn Springly half-year results conference call and webcast. My name is Martin Hug, and with me today is our group CEO, Adolphe Lechner. The presentation and the transcript of our prepared comments will be uploaded to our website this morning. The presentation will take approximately 15 to 20 minutes. Following the presentation, we will hand over to the operator, who will then manage the question and answer session. The agenda points of the presentation can be seen on this chart and include a detailed review of the first half, an update on the key topics of sustainability, our expectations for the full year and the medium to long term, and a chance for you to ask questions. I would also like to refer you to the disclaimer at the end of this slide deck. I now hand over to our Group CEO, Adalbert Lechner, who will take you through the highlights and the sales analysis. Hello, also from my side. Despite the difficult global operating environment with stagnant global chocolate markets, sharply rising costs for cocoa, and the need to again implement price increases, Lindenspringli was able to continue its successful growth trajectory. Over the past years, we have continued to invest in projects that drive efficiency, especially in North America, but also in Europe and in the rest of the world. and we can see the benefits of this work. Overall, we are pleased with our progress and are optimistic about our future prospects. I will now take you through a detailed review of these results, starting with an overview of our business performance. Overview first half 24. Before I begin, I would like to point out the seasonal and gift-oriented nature of our premium chocolate business, which is skewed towards the sec...