Lindt lowers its sales forecast for 2024

The Swiss food group Lindt is revising sales downwards for the current year with growth that will now stop at 0.2% against the +4-6% of the previous forecast.

In a note from the group founded in 1845, with a factory also in Italy, the decline in sales in Germany, Switzerland and Austria is underlined in addition to the high temperatures which have weighed on consumption in the entire chocolate sector.

For group CEO Adalbert Lechner "the necessary increase in prices seen in recent years due to high cocoa prices has affected some European markets" but now "with the drop in prices we expect that cost pressures will normalize in the coming months" and will bring "a positive growth volume in 2027".

Following the announcement, Lindt shares are falling on the stock market where they recorded a drop of over 7%.