Lindt & Sprüngli : FY 23 results above expectations. Further price increase in 2024 and 2025 due to cocoa price surge could limit positive market reaction
>Operating profit and net income 2% and 5% above consensus expectations - Lindt just released its FY 23 results (revenues have been release mid-January) which beat consensus expectations. With an outlook that is unchanged despite consumer price increases to come in 2024 and 2025, the market reaction is likely to be positive today. Indeed, underlying net income is 5% above VA css estimates and operating profit is 2% above the consensus thanks to operating margin improv...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.
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