Chocoladefabriken Lindt & Sprüngli AG
Financial 2005: Lindt & Sprüngli reports once again record results
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Consolidated sales: CHF 2.247 billion + 12.6 %
EBIT: CHF 248.6 million + 15.2 %
Net income: CHF 172.7 million + 15.9 %
Dividend: CHF 225.- / 25.50 + 25.0 %
Kilchberg, March 14, 2006: Chocoladefabriken Lindt & Sprüngli AG once again
reports record results in terms of both sales and profitability for 2005.
The Group recorded sales of CHF 2.247 million, equivalent to organic growth
of 11.4% in local currency terms, or 12.6% in Swiss francs. The slightly
higher growth in Swiss francs is explained by the stronger dollar
currencies. Thanks to substantial progress with every product category,
sales growth exceeded that of the overall chocolate market many times over
and led to gains of market shares. Despite the continuing sluggish economic
environment and price-aggressive competition, every subsidiary contributed
to this excellent result.
Thanks to efficient management and price increases, rising costs for
transport, energy and raw material were offset, and the operating result
before interest and tax (EBIT) improved by 15.2% to CHF 248.6 million. The
Group’s net income rose even more strongly by 15.9% to CHF 172.7 million.
Cash flow at the end of 2005 stood at CHF 257.2 million. Compared with the
previous year, this was an increase of 11.2%. The equity ratio was 50.9% as
per December 31, 2005.
As part of the geographical expansion and targeted opening of new markets
with strong potential, Lindt & Sprüngli established in 2005 two new
subsidiaries in Mexico and Sweden. With these new marketing organizations,
the scope of the network of own companies is extended with the aim of
serving a growing number of important markets under own management. In this
way, Lindt & Sprüngli is once again demonstrating its ability for
profitable organic growth.
The notable progress and excellent results of the last financial year are
based on a history of success which dates back 160 years. This is the
result of uncompromising commitment to quality, Innovation, brand value and
the outstanding collaboration with trade partners, as well as recognizing
and satisfying consumer expectations.
In view of the sales and profit growth achieved, the Board of Directors is
proposing to the General Meeting on 20 April 2006 the payment of a dividend
of CHF 225.- (previous year: CHF 180.-) per registered share, and CHF 22.50
(previous year: CHF 18.-) per participation certificate. This is equivalent
to an increase of 25% over the previous year.
(c)DGAP 14.03.2006
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language: English
emitter: Chocoladefabriken Lindt & Sprüngli AG
Seestrasse 204
8802 Kilchberg Schweiz
phone: + 41 44 716 25 37
fax: + 41 44 716 26 60
email: ekeiser@lindt.com
WWW: www.lindt.com
ISIN: CH0010570759
WKN: 1057075
indexes:
stockmarkets: SWX
End of News DGAP News-Service
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