Financials Lindt

Equities

Market Closed - Swiss Exchange Other stock markets 11:30:27 2024-09-11 am EDT			5-day change	1st Jan Change
108,400.00 ^CHF	-1.09%		-1.28%	+6.27%

Aug. 23	Nestle CEO Schneider was ousted due to company's underperformance - three sources	RE
Jul. 24	Nestle's chocolate prices in focus as cocoa costs bite	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,509	4,017	4,586	4,970	5,201	5,508	5,930	6,305
Change	-	-10.92%	14.16%	8.39%	4.65%	5.91%	7.65%	6.33%
EBITDA ¹	997.4	696.1	921.5	1,018	1,094	1,167	1,249	1,344
Change	-	-30.21%	32.38%	10.44%	7.49%	6.72%	6.96%	7.64%
EBIT ¹	674.6	420.3	644.9	744.6	813.1	877.9	950.1	1,030
Change	-	-37.7%	53.44%	15.46%	9.2%	7.96%	8.23%	8.42%
Interest Paid ¹	-31.9	-26.2	-23.2	-23.1	-25.6	-24.45	-26.44	-24.82
Earnings before Tax (EBT) ¹	561.1	394.1	621.7	721.5	787.5	856.4	919.1	1,002
Change	-	-29.76%	57.75%	16.05%	9.15%	8.74%	7.33%	9.04%
Net income ¹	509.6	321.7	490.5	569.7	671.4	655.5	708.6	769.7
Change	-	-36.87%	52.47%	16.15%	17.85%	-2.37%	8.11%	8.62%
Announcement Date	3/3/20	3/2/21	3/8/22	3/7/23	3/5/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,535	2,482	1,799	2,786	1,992	2,978	2,086	3,116	2,158	3,356	2,354	3,606
Change	-	61.7%	-27.51%	54.86%	-28.52%	49.55%	-29.98%	49.4%	-30.73%	55.46%	-29.86%	53.21%
EBITDA ¹	141.8	554.3	266.8	654.7	318.3	699.4	383	710.9	422.9	743	-	-
Change	-	290.9%	-51.87%	145.39%	-51.38%	119.73%	-45.24%	85.61%	-40.51%	75.69%	-100%	-
EBIT ¹	17.1	403.2	138.8	506.1	185.2	559.4	255	558.1	292.3	593.8	186.6	768
Change	-	2,257.89%	-65.58%	264.63%	-63.41%	202.05%	-54.42%	118.86%	-47.63%	103.15%	-68.58%	311.58%
Charge d'intérêts ¹	-13.4	-12.8	-8.5	-14.7	-7.8	-15.3	-4.6	-21	-5.4	-17	-	-
Earnings before Tax (EBT) ¹	-	390.4	130.3	491.4	177.4	544.1	250.4	537.1	286.9	579	-	-
Change	-	-	-66.62%	277.13%	-63.9%	206.71%	-53.98%	114.5%	-46.58%	101.81%	-100%	-
Net income ¹	21.8	299.9	101.6	388.9	138.4	431.3	204.5	466.9	218	440	-	-
Change	-	1,275.69%	-66.12%	282.78%	-64.41%	211.63%	-52.59%	128.31%	-53.31%	101.83%	-100%	-
Announcement Date	7/21/20	3/2/21	7/27/21	3/8/22	7/26/22	3/7/23	7/25/23	3/5/24	7/23/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	423	209	295	571	943	993	955	881
Change	-	-50.59%	41.15%	93.56%	65.15%	5.27%	-3.83%	-7.75%
Announcement Date	3/3/20	3/2/21	3/8/22	3/7/23	3/5/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	235.2	249.1	240.8	229.9	301	336.2	331.8	338.7
Change	-	5.91%	-3.33%	-4.53%	30.93%	11.69%	-1.29%	2.07%
Free Cash Flow (FCF) ¹	595.7	538.5	586	526.1	477.6	500.3	573.3	701.1
Change	-	-9.6%	8.82%	-10.22%	-9.22%	4.76%	14.58%	22.3%
Announcement Date	3/3/20	3/2/21	3/8/22	3/7/23	3/5/24	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	22.12%	17.33%	20.1%	20.48%	21.03%	21.19%	21.05%	21.3%
EBIT Margin (%)	14.96%	10.46%	14.06%	14.98%	15.63%	15.94%	16.01%	16.32%
EBT Margin (%)	12.44%	9.81%	13.56%	14.52%	15.14%	15.55%	15.48%	15.88%
Net margin (%)	11.3%	8.01%	10.7%	11.46%	12.91%	11.9%	11.94%	12.19%
FCF margin (%)	13.21%	13.41%	12.78%	10.59%	9.18%	9.08%	9.67%	11.12%
FCF / Net Income (%)	116.9%	167.39%	119.47%	92.35%	71.13%	76.32%	80.98%	91.19%
Profitability
ROA	-	-	5.77%	6.74%	8.5%	8.31%	8.56%	9.02%
ROE	11.15%	6.94%	9.99%	11.84%	15.51%	15.09%	15.24%	15.58%
Financial Health
Leverage (Debt/EBITDA)	0.42x	0.3x	0.32x	0.56x	0.86x	0.85x	0.76x	0.66x
Debt / Free cash flow	0.71x	0.39x	0.5x	1.09x	1.98x	1.99x	1.67x	1.26x
Capital Intensity
CAPEX / Current Assets (%)	5.22%	6.2%	5.25%	4.63%	5.79%	6.1%	5.6%	5.37%
CAPEX / EBITDA (%)	23.58%	35.79%	26.13%	22.59%	27.52%	28.8%	26.59%	25.22%
CAPEX / FCF (%)	39.48%	46.26%	41.09%	43.7%	63.02%	67.19%	57.89%	48.31%
Items per share
Cash flow per share ¹	3,492	3,236	3,404	-	3,350	6,109	6,312	6,968
Change	-	-7.32%	5.18%	-	-	82.35%	3.33%	10.38%
Dividend per Share ¹	1,750	1,100	1,200	-	1,400	1,486	1,605	1,732
Change	-	-37.14%	9.09%	-	-	6.15%	8%	7.93%
Book Value Per Share ¹	19,626	19,088	21,818	-	18,131	19,387	20,319	21,644
Change	-	-2.74%	14.3%	-	-	6.93%	4.81%	6.52%
EPS ¹	2,124	1,322	2,019	2,387	2,859	2,808	3,053	3,309
Change	-	-37.75%	52.76%	18.21%	19.77%	-1.79%	8.73%	8.38%
Nbr of stocks (in thousands)	236	233	241	232	233	231.2	231.2	231.2
Announcement Date	3/3/20	3/2/21	3/8/22	3/7/23	3/5/24	-	-	-