Lindt & Sprüngli : Very significant operating margin improvement in H1 with l-f-l of 7%. Guidance maintained and share buybacks of CHF 500m
>H1 2024 at +7% in organic terms with operating margin of 13.5% (+130bp) - This morning’s earnings release for H1 2024 showed:Revenue growth of +3.5% to CHF 2.158b (vs VA css at +3% and ODDO BHF at +4.5%).Organic growth of +7% (vs VA css of +6.5% and ODDO BHF at +6.1%).EBIT growth of +15% to CHF 292m (vs VA css at -0.4% and ODDO BHF at +6.6%) with underlying EBIT of 13.5%, +131bp (vs css at -40bp and ODDO BHF at +20bp).Net income of CHF 218m, up +6...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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