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Price hikes nibble at demand for Switzerland's Lindt chocolate

AFP
AFP - news@thelocal.ch
Price hikes nibble at demand for Switzerland's Lindt chocolate
Lindt's chocolate bunnies are iconic Easter treats. Image by Myléne from Pixabay
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Premium Swiss chocolate maker Lindt & Sprungli hiked its 2025 sales target as cocoa price hikes passed on to customers outweighed a drop in volumes.

The company, known for its Lindor pralines and gold chocolate Easter bunnies, hiked its prices by 15.8 percent to offset record-high cocoa costs.

While sales volumes declined by 4.6 percent, it still saw revenues climb by nine percent to 2.4 billion francs  as consumers continued to buy chocolate despite the price hikes.

Excluding the effect of changing currency values, sales growth was 11.2 percent.

"We have shown resilience in a challenging market environment," chief executive Adalbert Lechner said in a statement, pointing to product innovation and cost-cutting efforts to mitigate the cocoa cost increase.

Nevertheless, net profit slid 13.3 percent to 189 million  francs in the first half of the year.

The company raised its target for organic sales growth to 9 to 11 percent, up from 7 to 9 percent previously.

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