H1 update: sales are up +3.6% organically (+6.6% excluding Russell Stover) with volumes +2% and +1.6% on price/mix. On reported figures, sales grew +3.1%. The operating margin is up +20bp. OG by region: Europe 6%, NAFTA -3% (due to the realignment of the Russell Stover portfolio) and ROW +14%. Global Retail expanded by 20 new shops in H1. Net profit is up +5.7%. The company expects a stronger second half with an increase in the operating profit margin on a FY basis. The FY17 top-line growth,
25 Jul 2017
H1 dragged down by the US
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H1 dragged down by the US
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
25 Jul 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: sales are up +3.6% organically (+6.6% excluding Russell Stover) with volumes +2% and +1.6% on price/mix. On reported figures, sales grew +3.1%. The operating margin is up +20bp. OG by region: Europe 6%, NAFTA -3% (due to the realignment of the Russell Stover portfolio) and ROW +14%. Global Retail expanded by 20 new shops in H1. Net profit is up +5.7%. The company expects a stronger second half with an increase in the operating profit margin on a FY basis. The FY17 top-line growth,