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UBS has reaffirmed its confidence in the Swiss chocolatier Lindt & Sprüngli AG, maintaining a buy rating with a price target set at 12,550 CHF. The financial services firm anticipates the company to reach the apex of its organic sales growth for 2023, with a strong finish expected following recent channel assessments. Despite a rise in cocoa prices, UBS forecasts an increase in profit margins for Lindt in 2024.
Lindt remains committed to its long-term strategy, aiming for an annual revenue increase of 6-8% and a consistent improvement in operating margins by 20 to 40 basis points each year. This steadfast approach underscores the company’s focus on sustainable growth and profitability.