Swiss chocolatier Lindt’s profits fall

A sad Easter for the Lindt bunny

A sad Easter for the Lindt bunny?

Kilchberg, Switzerland (GenevaLunch) – Swiss chocolate maker Lindt & Sprüngli AG has announced a drop in its net profit: in 2009 the company’s net profit was CHF193 million, a 26 percent drop from CHF265m in 2008.

Group sales fell, although by only 1.9 percent, in 2009 to CHF2.52 billion, from CHF2.57b in 2008.

According to Lindt’s financial report, published 16 March, “for the first time in 10 years, the overall chocolate market declined in volume,” which adversely affected the profit margin. However, the Group operating result (EBIT) stood at CHF264 million with an operating profit margin of 10.5 percent.

The company says it will continue its long-term profit targets.