Zurich — With sales growth of eight percent during 2013, Lindt & Sprüngli AG reports it outpaced the overall chocolate market with sales reaching $3.27 billion for the year.
The company had projected gains of six to eight percent for the year and reports organic growth reached 8.6 percent, slightly ahead of estimates. The growth was driven by higher volumes and increases in share in key markets as well as emerging regions.
In addition, Lindt reports its Global Retail Division, which includes some 200 outlets, boutiques and Lindt Chocolate Cafés, grew around nine percent during 2013. The company notes this is a important distribution concept, especially for making headway into emerging markets that have no strong chocolate tradition. Further, it helps establish the premium brand values and familiarity with the brand, according to Lindt.
Looking toward 2014, the company anticipates continued volatility in raw material markets and continued competition at retail to pressure price movement, particularly for weaker brands.