|Bid||8,140.00 x 0|
|Ask||8,150.00 x 0|
|Day's range||8,030.00 - 8,160.00|
|52-week range||6,090.00 - 8,160.00|
|Beta (5Y monthly)||0.42|
|PE ratio (TTM)||4.02|
|Forward dividend & yield||100.00 (1.24%)|
|Ex-dividend date||07 May 2019|
|1y target est||6,333.33|
Swiss chocolate maker Lindt & Spruengli wants to keep growing 5-7% per year in the mid-term after strong growth in Europe and the opening of new Lindt stores boosted organic sales by 6.1% in 2019. Chocolate makers are grappling with sluggish demand as many consumers prefer healthier snacks, but Lindt has so far bucked the trend thanks to upmarket products like Lindor chocolate balls or pink grapefruit-flavoured dark chocolate that people buy as a special treat. "The market environment continues to be very challenging," the company based in Kilchberg on Lake Zurich said in a statement on Tuesday, adding it had gained market share in all important countries.
Swiss chocolate maker Lindt & Spruengli said on Tuesday it expected organic sales to grow 5-7 percent this year, in line with mid-term targets, as it works to improve the performance in its North American unit. Chocolate makers are grappling with saturated European and U.S. markets and a trend towards healthier snacking, but Lindt is growing faster than peers as it taps new markets in Asia and Africa and expands its own retail network. It is, however, taking more time to turn around its Russell Stover business it had bought to boost its position in the United States, and had to trim its mid-term guidance to 5-7 percent organic sales growth in January when it released 2018 sales figures.