Report
Pierre Tegner

Lindt & Sprüngli : Neutral rating maintained. 2022 results set to be unsurprising

>Neutral rating maintained ahead of results - Ahead of the group’s 2022 results, we maintain our Neutral rating with a higher target price of CHF 93,000 vs CHF 83,000. We are confident in the quality of its fundamentals as it is set to remain a mono-brand pure player positioned in the premium segment. Its capacity for innovation, segmentation and geographic expansion in premium chocolate offer potential for stronger profitable growth potential, with an organic increas...
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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