(CercleFinance.com) – The analyst highlights the acceleration of the group’s market share gains in tense markets. He confirms his purchase advice with an unchanged target of 125,500 Swiss francs, which represents a potential increase of 15%.
‘The group is recording market share gains and volume growth in its largest market, the United States – but there is no doubt that the years 2024-2025 will be difficult years for the industrial sector,’ says UBS.
‘The company is on track to increase its margins in 2024E despite the peak in cocoa prices,’ says UBS.
For 2024, Lindt & Sprüngli expects organic sales growth of 6 to 8 percent and an increased operating profit margin of 20 to 40 basis points.
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