Lindt & Sprüngli with double-digit organic sales growth and a further margin improvement - Seite 2

Europe: continued healthy growth
The “European” segment, the region with the highest sales, posted sales of CHF 2.41 billion (previous year: CHF 2.30 billion). The region grew organically by 9.1%, with double-digit growth in many European markets, including Switzerland, Italy, the UK, and Eastern Europe. The Group also generated solid growth in Germany and France. 

North America: consolidated its position as market leader in the premium segment
In 2023, the “North American” segment increased sales to CHF 2.11 billion (previous year: CHF 2.03 billion), with an organic growth of 11.0%. Lindt & Sprüngli is gradually expanding its presence in the USA, the world’s largest chocolate market. In the USA, the focus remains on the premium segment, which is served by the global brand Lindt and our local premium brands Ghirardelli and Russell Stover. Lindor remains the bestseller. The Lindt and Ghirardelli brands once again recorded double-digit growth rates during the reporting period. Russell Stover, which celebrated its 100th anniversary in 2023, posted mid-single-digit growth.

Rest of the world: ongoing strong growth
In the “Rest of the World” segment, sales increased to CHF 0.68 billion (previous year: CHF 0.65 billion). Organic growth was 12.9%. Business was particularly strong once again in Japan and Brazil, with Australia maintaining its position as the country with the largest sales revenue in this segment. Following the easing of Covid measures the Chinese economy recovered slowly, nevertheless, our business achieved a high single-digit growth, outperforming the stagnating Chinese chocolate market. The Group remains confident that the Chinese market will continue to develop in the years to come.

Dynamic development in our Global Retail business
Global Retail, where Lindt & Sprüngli operates shops and e-shops under the Lindt, Ghirardelli, and Russell Stover brands, made significant gains in the reporting year. Sales in the shops posted double-digit organic growth in all market regions (overall 16.5%). On the one hand, this can be attributed to higher sales by the individual shops while on the other hand, the Group opened new shops in the course of the year. By the end of the year, the Lindt & Sprüngli Group had 523 shops worldwide.