FY trading update: Sales grew organically by 3.7% (H2: 3.8%, below our forecast) and +4.8% reported (FX: 1.1%). Excluding Russell Stover, sales grew organically by 5.9%. FY OG by region: Europe +6.2%, NAFTA -1.6% (better H2:+0.1% but the market is still weak) and ROW +12.4% (driven by Japan and Brazil). Global Retail recorded double-digit growth and is now generating CHF 0.5bn in sales. The group expects the FY17 operating margin to be up in the 20-40 bps range. The mid-term to long-term guid
16 Jan 2018
FY trading update: reported figures in line, disappoints at organic level
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FY trading update: reported figures in line, disappoints at organic level
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
16 Jan 2018 -
Author:
Anna Zyniewicz -
Pages:
2
FY trading update: Sales grew organically by 3.7% (H2: 3.8%, below our forecast) and +4.8% reported (FX: 1.1%). Excluding Russell Stover, sales grew organically by 5.9%. FY OG by region: Europe +6.2%, NAFTA -1.6% (better H2:+0.1% but the market is still weak) and ROW +12.4% (driven by Japan and Brazil). Global Retail recorded double-digit growth and is now generating CHF 0.5bn in sales. The group expects the FY17 operating margin to be up in the 20-40 bps range. The mid-term to long-term guid