L&S has released its FY accounts. As a reminder, at the time of the trading statement, the group reported 7.1% organic sales growth (4.8% in H2). On a FY basis, operating profit stood at CHF518.8m (slightly above consensus and our estimates). The operating margin rose 20bp (10bp better than expected). Net profit increased by 11.2%, and the proposed dividend is up 10.3% to CHF800. For FY16, the group confirms its mid- to long-term guidance: 6-8% organic growth and an increase in EBIT of 20
08 Mar 2016
Aims to boost its Global Retail Network by 2020
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Aims to boost its Global Retail Network by 2020
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
08 Mar 2016 -
Author:
Anna Zyniewicz -
Pages:
3
L&S has released its FY accounts. As a reminder, at the time of the trading statement, the group reported 7.1% organic sales growth (4.8% in H2). On a FY basis, operating profit stood at CHF518.8m (slightly above consensus and our estimates). The operating margin rose 20bp (10bp better than expected). Net profit increased by 11.2%, and the proposed dividend is up 10.3% to CHF800. For FY16, the group confirms its mid- to long-term guidance: 6-8% organic growth and an increase in EBIT of 20