Chocoladefabriken Lindt & Sprüngli AG (0QKN) Q2 2025 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 Hoog, Group CFO, and with me today is our Group CEO, Adelbert Lechner. The presentation and transcript of our prepared comments will be uploaded to our website this morning. The presentation will take approximately 15 minutes. Following the presentation, we'll 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 some of this year's highlights to date, a detailed review of the first half, our expectations for the full year and the medium to long term, and a chance for you to ask questions. For this call, we do not have any major update on sustainability. I would also like to refer you to the disclaimer at the end of the slide deck. To kick us off, I hand over to our Group CEO, Adelbert Lechner, who will take you through some key trends and highlights we saw in the first half of 2025. Good morning, ladies and gentlemen. Welcome everyone, also from my side, to the Lindensburg New Half Year Results conference call and webcast. Let me start by saying that I'm proud of what our teams achieved in the first half of the year. We have shown resilience in a challenging market environment which demonstrated the loyalty of our consumers. Let's dive into what we dealt with. The development of the global chocolate market in the first half of 2025 was a continuation of what we saw in 2024. With cocoa prices remaining close to record highs, the market was impacted by price increases and we saw a reduction in volume with an increase in value globally. In this situation, both ends of the market profited. Private label on the one side and pr...