Lindt & Sprüngli Posts Solid Results Despite European Economic Weakness

Switzerland-based chocolate producer Lindt & Spruengli has posted steady sales growth for its latest fiscal year. In the 12 months to the end of December Lindt's sales grew by 6% on an organic basis. This came in at the lower end of its internal target of growth between 6% and 8%. However, it is a solid result given the underlying economic backdrop, which has put downwards pressure on consumption across Southern Europe. The firm was boosted by strong growth in France, Germany, the US as well as its fledgling Chinese business, which is currently focused on Hong

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