Report
Pierre Tegner

Lindt & Sprüngli : EPS +6.8% in 2018: exactly in line but weak operating margin in the NAFTA zone

>Market reaction forecast stable - With earnings exactly in line with expectations, no surprises in 2019 guidance and a valuation that has appreciated slightly since the last trading sessions, the market reaction should be neutral, in line with the expectations of this afternoon's analysts' meeting. Only the significant decline in the operating margin in the NAFTA region could trigger questions, while Russel Stover's decline has fallen to a "low" level according...
Underlying
Chocoladefabriken Lindt & Spruengli AG

Chocoladefabriken Lindt & Sprungli is a holding company based in Switzerland. Co. and its subsidiaries manufacture and sell premium chocolate products. Co.'s products are sold under the brand names: Lindt, Ghirardelli, Caffarel, Hofbauer and Kufferle. Worldwide, Co. maintains eight manufacturing plants (six in Europe and two in the United States) and sells mainly in countries within Europe and the NAFTA countries.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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