Chocoladefabriken Lindt & Sprüngli AG (0QKN) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of the full year results 2024 of the Lind and Springly Group. I hope you had a good arrival here. I understand that half of you made some personalized gold bunnies. Is this true? I hope you had fun. It is our Chocolateria, which is very popular here, also with the visitors of our home of chocolate. And I can see that not only children are having fun with decorating chocolate and producing some nice gold bunnies. Well, I will dig into the agenda. I will tackle shortly the highlights of the 24 results. Then I will address the regional performance of the group. Then I will hand over to Martin Hug, our CFO, for the financial results in detail. and an outlook on the sustainability progress that we made. Then I will give you a short outlook for our future guidance. And then we are here for you, two of us, for a Q&A session. First of all, let me say that we are super happy that we can present good results for a year, which was really in a challenging environment. And I think you have all pursued what was going on in the chocolate market with an ever-increasing cocoa price. It came down nicely. Everyone expected that this would continue. And then to all of our surprise, it didn't. inclined again and is at record levels at the moment. So in this surrounding to achieve the results that we present is really a demonstration of the dedication and the resilience of our teams and I'm grateful for this. You know that we have a very experienced team out there. We have huge continuity in our management and I think this pays off in a year like this. 7.8% organic growth was published already in January. 16.2% EBIT, a 16% point increase in a year with dramatic impact from raw material prices, I think is an achievement. We are proud that volume was growing subs...