Chocoladefabriken Lindt & Spruengli AG
LISN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 69,526.00 | Hbgz | Ljjwhqdl |
Lindt Earnings: Record First-Half EBIT Margin Leads to Guidance Increase; Shares Expensive
Wide-moat Lindt & Spruengli, or Lindt, delivered strong first-half results, with 10.1% organic sales growth and a record EBIT margin of 12.2% (structurally lower compared with the 2022 full-year margin due to gifting seasonality but an almost 300-basis-point improvement compared with the same period of last year). However, reported sales growth only amounted to 4.7% as the strong Swiss franc weighed on the top-line result.