Revenue distribution by industry:

• Chocolate products: approx. 95%
• Other confectionery: approx. 5%

TOP 3 markets:

• USA: approx. 40%
• Germany: approx. 15%
• Switzerland: approx. 10%

Chocoladefabriken Lindt & Sprüngli AG generates the majority of its revenue from the sale of chocolate products, with the US market being the most significant. The strong presence in the USA is attributed to successful expansion and brand awareness. Germany and Switzerland follow as important markets, with the Lindt brand traditionally well-established in Europe.

Production sites of Lindt & Sprüngli:

• Switzerland
• Germany
• France
• Italy
• USA
• Austria

Lindt & Sprüngli operates several production facilities worldwide to produce its high-quality chocolate products. The main production sites are located in Switzerland, where the company originated. Other significant production sites are in Germany, France, Italy, the USA, and Austria. This geographical diversification enables Lindt & Sprüngli to efficiently respond to demand in different markets and optimize supply chains.

Revenue growth: 8.1% (2024)
Profit growth: 9.5% (2024)

Chocoladefabriken Lindt & Sprüngli AG is pursuing a growth strategy that focuses on several core areas. Firstly, the company is focusing on geographical expansion, particularly in emerging markets such as Asia and Latin America, to tap into new customer segments.

Secondly, Lindt & Sprüngli is heavily investing in innovations and the development of new products to meet changing consumer preferences. This includes both new flavors and more sustainable packaging options to meet growing environmental requirements.

Furthermore, the company places great emphasis on strengthening its premium brand through targeted marketing campaigns and enhancing the customer experience in its retail stores. These measures are intended to increase brand loyalty and further solidify its market position.

Main raw materials: Cocoa, sugar, milk

Countries of origin for cocoa: Côte d'Ivoire, Ghana, Ecuador

Countries of origin for sugar: Brazil, Thailand, European Union

Countries of origin for milk: Switzerland, Germany, France

Chocoladefabriken Lindt & Sprüngli AG mainly imports cocoa, sugar, and milk as essential raw materials for chocolate production. Cocoa is predominantly sourced from West African countries such as Côte d'Ivoire and Ghana, which are among the largest cocoa producers globally. Ecuador is also used as a source of high-quality cocoa.

Sugar is imported from various countries, with Brazil and Thailand being leading exporters of sugarcane. The European Union also plays a role in sugar procurement, especially through sugar beet production.

Milk is mainly sourced from European countries such as Switzerland, Germany, and France to ensure the high quality standards of Lindt products. These countries are known for their efficient and high-quality dairy industry.

Market share in the premium chocolate segment: 40% (2024)
Gross margin: 65% (2024)
R&D expenses: 3% of revenue (2024)

Chocoladefabriken Lindt & Sprüngli AG enjoys a significant competitive advantage, especially in the premium chocolate segment, where the company holds a market share of about 40%. This strong market position is supported by a high gross margin of 65%, indicating the company's ability to sell its products at a premium price while leveraging efficient production processes.

The company continuously invests in research and development, with 3% of revenue allocated to this area. This allows Lindt & Sprüngli to develop innovative products and differentiate itself from competitors. The strong brand awareness and extensive distribution network also contribute to maintaining the competitive advantage.

Institutional investor share: approx. 45% (2025, estimated) Insider purchases/sales: No significant transactions reported (2025, estimated)

The institutional investor share in Chocoladefabriken Lindt & Sprüngli AG traditionally stands at around 40-50%. This reflects the confidence of institutional investors in the company's long-term stability and growth potential.

No significant insider purchases or sales were reported for the year 2025. This suggests that the management and other insiders currently do not expect significant changes in the company's value or that they are satisfied with the current corporate strategy.

Market share of Lindt & Sprüngli: 8% (2025, estimate)

Top competitors and their market shares:

1. Mars, Inc.: 14%
2. Mondelez International: 13%
3. Nestlé: 12%
4. Ferrero Group: 10%
5. Hershey Company: 9%
6. Lindt & Sprüngli: 8%
7. Pladis (Yıldız Holding): 6%
8. Meiji Holdings Co., Ltd.: 5%
9. Ezaki Glico Co., Ltd.: 4%
10. Perfetti Van Melle: 3%

Moat of Lindt & Sprüngli:

Lindt & Sprüngli possesses a significant moat, mainly based on their strong brand awareness, high quality products, and exclusive positioning in the premium chocolate segment. Their innovation capabilities and the ability to continuously develop new and high-quality products further strengthen this advantage.

Compared to competitors, Lindt & Sprüngli has a clear advantage in the premium segment, while companies like Mars and Mondelez have a different type of moat due to their broader product range and strong presence in the mass market. Nestlé and Ferrero also have strong brands, but they focus on different market segments and product categories.

Overall, Lindt & Sprüngli has a significant advantage in the premium segment, although the moat is less pronounced compared to the market leaders in the mass market. The strength of the company lies in the niche it successfully defends and expands.

Revenue growth: 8.5% (2024)
Profit growth: 10.2% (2024)
Market share in premium chocolates: 35% (2024)

Chocoladefabriken Lindt & Sprüngli AG recorded solid revenue growth of 8.5% in 2024, attributed to strong demand for premium chocolate products and successful market expansion. The profit growth of 10.2% indicates that the company has not only been able to increase its revenues but has also become more efficient.

Lindt & Sprüngli holds a significant market share of 35% in the premium chocolate segment, pointing to a strong brand presence and high customer loyalty. This market position enables the company to enforce pricing strategies and benefit from stable demand.

Furthermore, the company continuously invests in innovations and expanding its product portfolio, which is expected to support future growth. Given these factors, Lindt & Sprüngli's stock could be an attractive investment opportunity for investors interested in a stable and growth-oriented company.

Dividend yield: 1.5% (2025, estimated)
Dividend continuity: Over 25 years without interruption

Chocoladefabriken Lindt & Sprüngli AG is known for its reliable dividend policy. The company has consistently paid out dividends over the past few decades, indicating strong financial stability and solid business development.

The dividend yield typically ranges from 1% to 2%, which can be considered moderate compared to other companies in the food industry. The continuous payout for more than 25 years demonstrates the company's commitment to providing shareholders with a regular return.