Investment case

Lindt & Sprüngli is the world’s leading premium chocolate manufacturer and the only global pure-play company focused exclusively on chocolate.

Why invest in Lindt & Sprüngli

With a history spanning more than 180 years, the Group combines strong global brands, structural category growth, and disciplined financial management to deliver resilient performance and long-term value creation for shareholders. The company operates in an attractive premium segment of a globally relevant category and benefits from strong brand equity, pricing power, and a proven growth strategy.
Value proposition

A global pure play premium leader

Lindt & Sprüngli is uniquely positioned as the only global chocolate manufacturer fully dedicated to the premium segment. This clear strategic focus enables continuous investment in quality, craftsmanship, innovation, and brand equity, distinguishing Lindt & Sprüngli from diversified food companies with broader portfolios.

The Group is present in more than 120 countries and holds leading positions in the premium chocolate segment across its core markets.

Iconic products with strong emotional appeal

Lindt is the world’s most valuable chocolate brand, according to Kantar Brand Index. Flagship products such as Lindor, Excellence, and Gold Bunny are globally recognized and emotionally anchored among consumers, particularly for gifting and seasonal occasions. This brand strength underpins premium pricing, resilience in periods of cost inflation, and attractive long-term growth.

From bean to bar

Lindt & Sprüngli operates a vertically integrated production model, controlling key steps from cocoa sourcing to finished products. Proprietary manufacturing expertise, including the invention of the conche, ensures consistently superior taste and quality worldwide.

Growth strategy

1

Structural growth in premium chocolate

Chocolate is a large, resilient category with high household penetration and low price elasticity. Within this category, the premium segment continues to outperform, driven by consumer trading up, gifting occasions, and demand for high-quality indulgence.

Lindt & Sprüngli is well-positioned to capture this structural growth through its clear premium focus and global footprint.

2

Focus on key growth levers

Lindt & Sprüngli’s growth strategy is built on clearly defined strategic levers: 

  • Premiumization: Strong exposure to the fastest growing segment of the chocolate market 

  • Key products: Concentrated investment behind Lindor, Excellence, and Gold Bunny 

  • Geographic expansion: Strengthening leadership in Europe and North America while accelerating growth in the Rest of the World and emerging markets 

  • Channel expansion: Selective growth in e commerce, global travel retail, and own retail 

  • Innovation: Continuous renewal of the portfolio, with around half of growth towards 2030 expected to come from innovations 

3

Innovation‑led value creation

Innovation is a core driver of growth and relevance. Lindt & Sprüngli focuses on core product improvements, new formats, and breakthrough concepts, while remaining firmly within premium chocolate and adjacent premium segments. 

Global market position

Leadership in a fragmented global market

The global chocolate market totals CHF 126.6 billion and remains highly fragmented. Lindt & Sprüngli ranks among the largest global chocolate companies and holds leading positions in premium chocolate across many key markets.

The Group’s scale, brand strength, and premium positioning support sustainable market share gains over time.

Strong and diversified global footprint

Lindt & Sprüngli operates a globally balanced business model supported by:

  • 41 subsidiaries and branch offices

  • Around 100 independent distributors

  • 12 production facilities in Europe and the United States

  • Over 620 own retail stores worldwide

This diversified footprint strengthens resilience, enables local market execution, and supports long term growth opportunities.

Financial profile and shareholder returns

Consistently strong financial performance

Lindt & Sprüngli has delivered strong, profitable growth over decades, supported by premium positioning and disciplined cost management.

5.92bn

Group Sales (CHF)

+12.4%

Organic sales growth

16.4%

EBIT margin

446m

Free cash flow (CHF)

Disciplined capital allocation

The Group balances continued investment in brands, innovation, and growth with attractive shareholder returns. A strong balance sheet provides financial flexibility and supports a combination of dividends and regular share buybacks.

Outlook

Lindt & Sprüngli remains committed to growing faster than the global chocolate market. Over the medium to long term, the Group targets mid to high single digit organic growth alongside a continued improvement in profitability, underpinned by premiumization, innovation, and geographic expansion.

Sustainability embedded in the business model

Sustainability is a core element of the Group’s business strategy. The Lindt & Sprüngli 2030 Sustainability Plan sets out how we will care for people and the environment by contributing to cocoa excellence, reduced emissions, and a safe workplace.

Cocoa sourcing

Cocoa is central to the business and a strategic sourcing priority. Lindt & Sprüngli sources 100% of its cocoa through the Lindt & Sprüngli Farming Program or other Responsible Sourcing Standards

Climate action and net‑zero roadmap

Lindt & Sprüngli has defined SBTi-validated climate targets and a clear roadmap to net-zero by 2050. Progress is driven by targeted investment and five decarbonization levers: cocoa, other raw materials, transport, packaging and energy.