Organic sales growth came in above market expectations (+6.1% organically vs. 5.8% consensus), especially thanks to a strong performance in Europe which was a good surprise. Broadly, commercial pressure persisted but the chocolate market worldwide slightly recovered (especially in terms of premium products), showing positive momentum. At the group level, the difficult environment in several markets (such as HK and Latin America) has been offset by strong European results and improvements in N

14 Jan 2020
FY19 pushed up by Europe and US improvements (finally)

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FY19 pushed up by Europe and US improvements (finally)
Chocoladefabriken Lindt & Spruengli AG (0QKN:LON) | 0 0 0.9% | Mkt Cap: 15,290m
- Published:
14 Jan 2020 -
Author:
Laura Parisot -
Pages:
3 -
Organic sales growth came in above market expectations (+6.1% organically vs. 5.8% consensus), especially thanks to a strong performance in Europe which was a good surprise. Broadly, commercial pressure persisted but the chocolate market worldwide slightly recovered (especially in terms of premium products), showing positive momentum. At the group level, the difficult environment in several markets (such as HK and Latin America) has been offset by strong European results and improvements in N