In 2018 Lindt & Sprüngli achieved solid sales growth, gained significant market shares in all countries and once again expanded faster than the overall chocolate market. Key factors included the steady expansion of its retail network by around 50 additional Shops and Chocolate Cafés and the double-digit growth of the popular Lindor brand.
Dr Dieter Weisskopf
CEO Lindt & Sprüngli Group
An increase in Swiss franc terms of +5.5% in Lindt & Sprüngli's Group sales to a total of CHF 4.313 billion, solid growth of +5.6% in the «Europe» segment and +10.3% in the «Rest of the World», as well as around 50 new shop openings worldwide are just some of the highlights of 2018.
in million CHF
Founded in 2013, the charitable Lindt Chocolate Competence Foundation is funding and realizing the visonary idea of a Chocolate Competence Center.
Architectural competition - the Basel-based architects Christ & Gantenbein won the competition with a modern design that presents a striking counterbalance to the historical Lindt & Sprüngli factory building from 1899 and blends in perfectly with the existing surroundings.
In 2016, the local authority in Kilchberg granted the building consent for the project on Lindt & Sprüngli's factory premises which will strengthen Switzerland as a business location for chocolate for the long-term.
The excavation of the building project began in 2017. In September of the same year, the Lindt Chocolate Competence Foundation celebrated the laying of the foundation stone and started the building of the superstructure.
The superstructure of the 20 meters high Lindt Home of Chocolate at Schokoladenplatz 1 in Kilchberg was already completed in 2018.
The interior construction of the multifunctional building has been in full swing since 2018.
In 2020, the opening of the unique Lindt Home of Chocolate in Kilchberg will be celebrated.
In largely saturated and highly competitive chocolate markets in "Europe", Lindt & Sprüngli was able to expand its market share and increase sales by +5.6% to a total of CHF 2.08 billion. Worth particular mention is the dynamic pace of double-digit growth in Russia and the less developed markets such the Czech Republic, Slovakia and Poland. But Lindt & Sprüngli also reported excellent results in more mature markets such as Germany, Spain, the UK, Italy and Austria.
In 2018 the "North America" segment was once again exposed to structural change in the retail sector and mounting price pressure. Despite the difficult market conditions, the segment achieved organic sales growth of +2.8%, with the double-digit sales growth of Lindt & Sprüngli in Canada acting as a key driver.
Lindt & Sprüngli's "Rest of the World" segment once again achieved double-digit organic sales growth of +10.3% in 2018, pushing sales up to CHF 577 million. The segment is thus making an increasingly important contribution to consolidated sales. All markets produced an excellent performance in 2018, with Brazil, China and Japan especially reporting dynamic sales growth in the high double digits.
Lindt & Sprüngli's success as a company relies on the commitment of its dedicated and professional staff. In a highly competitive labor market, we strive to attract and promote the best talents, and ensure they stay with us over the long term. In the interests of our shareholders, we take a transparent and sustainable approach to compensation. This Compensation Report describes the basis and principles of remuneration for the most senior officers of the Lindt & Sprüngli Group.