July 23, 2019 / 5:15 AM / 4 months ago

Lindt confirms 2019 outlook after business improves in the U.S.

ZURICH, July 23 (Reuters) - Swiss chocolate maker Lindt & Spruengli on Tuesday confirmed it expects organic sales growth of 5-7% in 2019 after an improving situation in the United States led to solid profit and sales growth in the first half of 2019.

Chocolate makers have been facing sluggish demand in saturated western markets, but Lindt’s focus on faster-growing premium products, its own branded store network and a push into new markets has allowed it to buck that trend.

Net profit rose 2.4% to 88.1 million Swiss francs ($89.54 million), while organic sales were up 6.2%, the maker of Lindor chocolate balls and gold foil wrapped Easter bunnies said in a statement.

$1 = 0.9839 Swiss francs Reporting by Silke Koltrowitz Editing by Thomas Seythal

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