FY update: As a reminder, sales grew organically 3.7% (volume +2.9%, price/mix 0.8%) and 4.8% on reported figures (FX: +1.1%). The reported EBIT was up +5.8% with the EBIT margin up 20bp to 14.6% (in line with our estimates). By division, the EBIT margin improved in Europe +100bp and in ROW by a strong +210bp. In NAFTA, the EBIT margin contracted by 170bp on the back of a weaker US market & Russell Stover. Net profit is up +7.8%. FY18 guidance: given the challenging US market conditions,
09 Mar 2018
Numbers are in line; sees a better FY18
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Numbers are in line; sees a better FY18
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
09 Mar 2018 -
Author:
Anna Zyniewicz -
Pages:
3
FY update: As a reminder, sales grew organically 3.7% (volume +2.9%, price/mix 0.8%) and 4.8% on reported figures (FX: +1.1%). The reported EBIT was up +5.8% with the EBIT margin up 20bp to 14.6% (in line with our estimates). By division, the EBIT margin improved in Europe +100bp and in ROW by a strong +210bp. In NAFTA, the EBIT margin contracted by 170bp on the back of a weaker US market & Russell Stover. Net profit is up +7.8%. FY18 guidance: given the challenging US market conditions,