Strong franc spoils fresh appetite for chocolates: Lindt
Swiss chocolate maker Lindt and Spruengli said on Tuesday that the strong Swiss franc depressed earnings from annual sales in 2010 as consumers recovered their appetite for chocolates after the crisis.
Net sales reached 2.58 billion francs (2.0 billion euros), an increase of 2.2 percent, or by 7.3 percent measured in local currencies, the company said in a statement.
"The consolidated sales figure in Swiss francs of 2.58 billion was impaired by negative currency effects involving the euro as well as the US dollar and pound sterling, resulting in an increase of 2.2 percent as against the previous year," Lindt said.
"Following the mood of uncertainty among consumers during the economic crisis, private consumption has now recovered noticeably, stimulating the consumers' quality consciousness once again," it added.
Lindt pointed to double digit sales growth in Britain and the United States in particular.
© 2011 AFP