Lindt Announces Price Hikes as Cocoa Costs Surge
The Swiss chocolatier reports strong 2024 earnings but plans further price increases driven by rising cocoa prices and market trends.
- Lindt & Sprüngli plans to raise prices by a double-digit percentage in 2025 due to soaring cocoa costs, following a 6.3% increase in 2024.
- The company reported a 7.8% revenue growth in 2024, reaching 5.47 billion Swiss francs, with a net profit of 672.3 million francs.
- Lindt's Dubai chocolate launch capitalized on limited-edition exclusivity, generating significant media buzz and plans for mass-market availability.
- The company continues to see strong demand for premium chocolate products, including new offerings like Lindor Tiramisu and seasonal items like the Gold Bunny.
- Lindt's operational efficiency and strategic pricing have contributed to a higher profit margin, with shareholders receiving a 7.1% dividend increase.