Full-year results 2024
Kilchberg, March 4, 2025
Agenda
01 Highlights 2024 | Adalbert Lechner |
02 Regional performance | Adalbert Lechner |
03 Financial Results 2024 | Martin Hug |
04 Sustainability | Martin Hug |
05 Growth Agenda & Outlook | Adalbert Lechner |
06 Q&A | Adalbert Lechner & |
Martin Hug | |
Group sales (CHF)
5.47 bn
Organic sales growth
+7.8%
Financial highlights
Lindt & Sprüngli delivers strong performance in Sales, EBIT, and Free Cash Flow
EBIT (CHF)
884 m
EBIT margin
16.2%
(+60bp)
Volume/Mix growth
+1.5%
Free cash flow (CHF)
635 m
Free cash flow margin
11.6%
(+240bp)
Sustainability highlights
On track to achieve our 2025 targets
84.2% (+11.9pp)
of cocoa products sourced through Farming Program or other responsible sourcing programs
Awarded with EcoVadis Silver Medal
Top 1%
for sustainable procurement within our industry
82.2% (+24.1pp)
of the sourced volumes of raw and packaging materials covered by a responsible sourcing program
91.4% (+1.7pp)
of our packaging was designed to be recyclable
Global Chocolate Market and Trends in 2024
Challenging market environment
Global chocolate market | Cocoa price inflation | Trends | ||||||||||||||||||
impacted by price increases | ||||||||||||||||||||
Volume decline − slight value increase | Cocoa price soared to historic highs | Ongoing premiumization | ||||||||||||||||||
Private label gaining | + | Crop yields in West Africa (Ghana | + | Mindful indulgence & health | ||||||||||||||||
Premium segment continues to grow | and Cote d'Ivoire) impacted by bad | consciousness | ||||||||||||||||||
weather and diseases | Sustainability awareness | |||||||||||||||||||
In the last four years, supply was | ||||||||||||||||||||
below demand | ||||||||||||||||||||
02
Regional performance
+5.0%
organic growth
39.4%
Sales growth
across regions +10.0% 13.2%
organic growth
Group Organic sales growth +7.8%
47.4%
+9.5%
E U R O P E N O R T H A M E R I C A R E S T O F T H E W O R L D
organic growth
Europe
2.59 bn
Total sales in CHF
+9.5%
organic growth
E U R O P E
Excellent development in Europe
Organic growth | ||||
Germany | France | UK | Italy | Switzerland |
+5.6% | +12.3% | +15.7% | +4.6% | +6.8% |
CEE | Iberia | Austria | Nordic | Benelux |
+20.7% | +9.4% | +8.5% | +7.3% | +31.5% |
- Strong results in France with Excellence remaining the market leader in tablets.
- UK achieves double-digit growth for the second year in a row despite high inflation and HFSS regulation.
3 CEE more than doubled sales since 2020, with strong growth momentum and still an underproportioned market share.
N O R T H A M E R I C A R E S T O F T H E W O R L D
North America