FY update: as a reminder sales grew organically 6% (volume +3.9%, price/mix 2.1%). The reported EBIT was up +8.4% with the EBIT margin up 20bp to 14.4% (broadly in line with our estimates). By division, the EBIT margin improved in Europe +100bp and in ROW +190bp but was weaker for NAFTA -120bp on the back of RS portfolio adjustments, production-line investments and promotional activity (however, these works were necessary for long-term profitable growth in future). L&S opened 60 new choco
07 Mar 2017
Distinguished performance amongst food players
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Distinguished performance amongst food players
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
07 Mar 2017 -
Author:
Anna Zyniewicz -
Pages:
2
FY update: as a reminder sales grew organically 6% (volume +3.9%, price/mix 2.1%). The reported EBIT was up +8.4% with the EBIT margin up 20bp to 14.4% (broadly in line with our estimates). By division, the EBIT margin improved in Europe +100bp and in ROW +190bp but was weaker for NAFTA -120bp on the back of RS portfolio adjustments, production-line investments and promotional activity (however, these works were necessary for long-term profitable growth in future). L&S opened 60 new choco