Lindt & Sprüngli : Organic growth of 10.3% in 2023 and corporate tax rate <15%
>Organic growth of +10.3% vs consensus at +8.9% - Lindt reported its 2023 sales this morning: they were up 4.6% (consensus at +3.9% and ODDO BHF at 1.9%), with organic growth of 10.3% (guidance of 7% to 9%, consensus at 8.9% and ODDO BHF at +8.7%), a currency impact of -4.4% and a scope effect (Russia) that we implicitly estimate at -1.3%. Organic growth momentum remains strong after an H1 at +10.1% and was even across all three geographical regions, with +9.1% in Eur...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.
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.
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