2017 was another successful financial year for Lindt & Sprüngli, with many highlights. Group sales topped four billion Swiss francs for the first time. Lindt opened over 50 of its own premium shops, which performed extremely well and generated sales of half a billion Swiss francs. The company once again consolidated its position as a leading provider of premium chocolate products and expanded its market shares worldwide.
Dr Dieter Weisskopf
CEO Lindt & Sprüngli Group
In 2017, Lindt & Sprüngli achieved Group sales of more than 4 billion Swiss francs for the first time since the company was founded almost 175 years ago, an increase of +4.8% in Swiss francs. During the past financial year we continued to grow at a faster pace than the overall chocolate market and significantly expanded our market share.
of the Board of
Dr Dieter Weisskopf CEO Lindt & Sprüngli Group
For the rest of the world, caviar, blinis and vodka are the traditional icons of Russia's food and drink culture. But chocolate also features highly. Lindt & Sprüngli has been active in the Russian market since 2012 and has built a strong position as a Swiss premium brand in what is the world's second largest chocolate market. The effective brand positioning to date, as well as the success of the two Lindt shops just opened in Moscow, show that we are on the right track, and we intend to consistently follow this line.
Japan's unique culture makes it a particularly fascinating and promising chocolate market for Lindt & Sprüngli. We first entered this market back in 2010 by opening two Lindt shops in Tokyo's prime shopping locations. Since then, Lindt & Sprüngli has opened new chocolate cafés and shops which are vary popular with the quality-conscious Japanese. We now have a presence in 30 exclusive locations across the whole of the country.
Brazil is a traditional chocolate market where we have been established since 2014 through our own subsidiary as part of a joint venture with CRM Group. Consumers can indulge in two of the country's great passions - chocolate and coffee - in selected Lindt boutiques and benefit from the friendly service of our chocolate advisors. We plan to expand the network of our own shops to 50 by 2020 so as to consistently raise Lindt's profile as a premium brand in the world's seventh biggest chocolate market.
Lindt & Sprüngli has had a presence in the diverse rainbow nation of South Africa since 2011. Its dynamic economy continues to grow and prosper, and with it the country's burgeoning middle classes, whose appetite for premium chocolate is rapidly growing. Consumers already have 12 Lindt Shops where they can be inspired by the great assortment and receive expert advice in an exclusive ambience. The ultimate highlight, however, is a chocolate course offered by Lindt's Master Chocolatiers in the 2 Chocolate Studios. The new appetite for premium chocolate makes the South African market very attractive for Lindt & Sprüngli.
Group sales of more than CHF 4 billion, with the Global Retail network alone contributing half a billion of this, are just some of the many highlights of the 2017 fiscal year.
in million CHF
The construction of the Chocolate Competence Center is an important milestone in Lindt & Sprüngli's positioning as the world's biggest manufacturer of premium chocolate products. This major project is being financed and realized by the charitable Lindt Chocolate Competence Foundation, founded in 2013. The new center is due to open in 2020 at Lindt & Sprüngli's main site in Kilchberg.
In the largely saturated European chocolate market, Lindt & Sprüngli reported an excellent result, with total organic growth of +6.2% and sales of CHF 1.93 billion. Performance was particularly strong in the mature markets of Germany, the UK, Italy, Austria and Spain. The newer markets, including the Nordics, Russia, Poland and the Czech Republic, achieved double-digit growth rates.
In 2017, Lindt & Sprüngli benefited from the strategy of geographic expansion pursued over previous years. The Rest of the World segment once again made significant gains, with organic growth of +12.4% pushing sales up to CHF 525 million and providing an increasingly important contribution to consolidated sales. National markets belonging to this segment enjoyed dynamic growth, with Japan and Brazil playing a particulary important role.