Cash flow Lindt London S.E.

Stocks

0QKN

CH0010570759

Food Processing

Market Closed - London S.E. Other stock markets 18:36:35 31/07/2026 +03			5-day change	1st Jan Change
95,100.00 ^CHF	-0.73%		-.--%	-18.51%

07-24	Swiss stocks - Factors to watch on July 24	RE
07-23	BofA Forecasts H2 Volume Inflection for Lindt & Sprüngli; Price Objective, Estimates Updated	MT

7358623ffd28fe50304200c.Vm2lYJ1Ripco297w4diMh6hAZuQ3whNbgTI3eLnqQEI.ITrXB8Jns_xP6q2Bje7H5fsKK4sOrScv71kOM4mJCjgzWvYL6wn9x1m55g

Published financial data: LINDT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.59B	4.97B	5.2B	5.47B	5.92B
Other Revenues, Total	25.9M	29.1M	30.3M	80.3M	34.6M
Total Revenues	4.61B	5B	5.23B	5.55B	5.95B
Cost of Goods Sold, Total	1.52B	1.68B	1.71B	1.9B	2.21B
Gross Profit	3.09B	3.32B	3.53B	3.64B	3.74B
Selling General & Admin Expenses, Total	2.18B	2.3B	2.43B	2.46B	2.47B
Depreciation & Amortization - (IS)	267M	265M	268M	275M	291M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	2.44B	2.57B	2.7B	2.74B	2.76B
Operating Income	649M	754M	827M	906M	980M
Interest Expense, Total	-25.4M	-29.7M	-33.6M	-46.1M	-52.1M
Interest And Investment Income	1.8M	2.5M	9.3M	13.2M	7.8M
Net Interest Expenses	-23.6M	-27.2M	-24.3M	-32.9M	-44.3M
Other Non Operating Income (Expenses)	400K	4.1M	-1.3M	0	-3.2M
EBT, Excl. Unusual Items	626M	731M	801M	873M	932M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	5.5M	-1.2M	-600K	-	-
Asset Writedown	-9.6M	-8.1M	-13M	-21.9M	-9M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	622M	722M	788M	851M	924M
Income Tax Expense	131M	152M	116M	179M	197M
Earnings From Continuing Operations	490M	570M	671M	672M	727M
Net Income to Company	490M	570M	671M	672M	727M
Minority Interest	-	-	-	-	500K
Net Income - (IS)	490M	570M	671M	672M	727M
Net Income to Common Incl Extra Items	490M	570M	671M	672M	727M
Net Income to Common Excl. Extra Items	490M	570M	671M	672M	727M
Per Share Items
Net EPS - Basic	2.05K	2.42K	2.89K	2.92K	3.16K
Basic EPS - Continuing Operations	2.05K	2.42K	2.89K	2.92K	3.16K
Basic Weighted Average Shares Outstanding	239K	236K	232K	230K	230K
Net EPS - Diluted	2.02K	2.39K	2.86K	2.9K	3.14K
Diluted EPS - Continuing Operations	2.02K	2.39K	2.86K	2.9K	3.14K
Diluted Weighted Average Shares Outstanding	243K	239K	235K	232K	232K
Normalized Basic EPS	1.63K	1.94K	2.15K	2.37K	2.54K
Normalized Diluted EPS	1.61K	1.91K	2.13K	2.35K	2.52K
Dividend Per Share	1.2K	1.3K	1.4K	1.5K	1.8K
Payout Ratio	53.84	49.87	45.22	47.85	47.41
American Depositary Receipts Ratio (ADR)	0	0	0	0	0
Supplemental Items
EBITDA	825M	927M	1B	1.08B	1.16B
EBITA	659M	762M	835M	914M	988M
EBIT	649M	754M	827M	906M	980M
EBITDAR	843M	955M	1.03B	1.12B	1.2B
Total Revenues (As Reported)	4.62B	5B	5.23B	5.55B	5.95B
Effective Tax Rate - (Ratio)	21.1	21.04	14.74	21.03	21.31
Total Current Taxes	159M	146M	161M	127M	158M
Total Deferred Taxes	-30.4M	3.8M	-47.4M	46.9M	34.2M
Normalized Net Income	391M	457M	501M	546M	583M
Interest on Long-Term Debt	14.1M	13.3M	13M	15.4M	17.6M
Non-Cash Pension Expense	-8.3M	-16.5M	-42.2M	-49.7M	-8.8M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	17.1M	18.4M	19.9M	19.3M	21.2M
Net Rental Expense, Total	17.4M	27.9M	32.1M	36.2M	41.6M
Imputed Operating Lease Interest Expense	2.4M	4.54M	6.07M	8.7M	10.11M
Imputed Operating Lease Depreciation	15M	23.36M	26.03M	27.5M	31.49M
Stock-Based Comp., Other (Total)	14.8M	16M	19.3M	21.6M	24.1M
Total Stock-Based Compensation	14.8M	16M	19.3M	21.6M	24.1M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	937M	865M	462M	1.01B	668M
Short Term Investments	250M	300K	300K	700K	600K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	1.19B	865M	462M	1.02B	669M
Accounts Receivable, Total	895M	953M	998M	1.18B	1.18B
Other Receivables	157M	157M	162M	167M	176M
Total Receivables	1.05B	1.11B	1.16B	1.35B	1.36B
Inventory	762M	876M	922M	941M	1.19B
Other Current Assets, Total	23.8M	39.1M	65.5M	253M	7.7M
Total Current Assets	3.02B	2.89B	2.61B	3.56B	3.23B
Gross Property Plant And Equipment	3.68B	3.66B	3.65B	4.04B	4.13B
Accumulated Depreciation	-1.9B	-1.89B	-1.9B	-2.11B	-2.12B
Net Property Plant And Equipment	1.78B	1.77B	1.75B	1.94B	2.01B
Long-term Investments	300K	300K	100K	-	-
Goodwill	732M	740M	671M	722M	636M
Other Intangibles, Total	577M	581M	566M	594M	551M
Deferred Tax Assets Long-Term	186M	155M	206M	170M	145M
Other Long-Term Assets, Total	2.65B	1.81B	2.06B	2.17B	2.53B
Total Assets	8.96B	7.95B	7.86B	9.16B	9.1B
Liabilities
Accounts Payable, Total	238M	290M	306M	415M	343M
Accrued Expenses, Total	909M	942M	938M	1B	1.02B
Short-term Borrowings	15.4M	7.8M	12.9M	20.8M	65.4M
Current Portion of Long-Term Debt	-	-	250M	-	-
Current Portion of Leases	70.1M	68M	68.5M	76.6M	83.6M
Current Income Taxes Payable	120M	129M	105M	116M	110M
Other Current Liabilities	134M	139M	162M	383M	136M
Total Current Liabilities	1.49B	1.58B	1.84B	2.01B	1.76B
Long-Term Debt	998M	998M	749M	1.17B	1.17B
Long-Term Leases	399M	362M	326M	394M	442M
Pension & Other Post Retirement Benefits	137M	95.3M	112M	95.3M	88.8M
Deferred Tax Liability Non Current	670M	460M	521M	613M	647M
Other Non Current Liabilities	43.6M	51.6M	52.6M	30.7M	30.1M
Total Liabilities	3.73B	3.54B	3.6B	4.32B	4.14B
Common Stock, Total	24.2M	23.9M	23.6M	23.3M	23.3M
Additional Paid In Capital	365M	353M	417M	464M	520M
Retained Earnings	5.71B	5.03B	5.05B	5.01B	5.54B
Treasury Stock	-461M	-570M	-620M	-289M	-323M
Comprehensive Income and Other	-414M	-435M	-617M	-365M	-802M
Total Common Equity	5.22B	4.4B	4.26B	4.84B	4.96B
Minority Interest	-	-	-	-	500K
Total Equity	5.22B	4.4B	4.26B	4.84B	4.96B
Total Liabilities And Equity	8.96B	7.95B	7.86B	9.16B	9.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	238K	234K	230K	230K	230K
ECS Total Common Shares Outstanding	238K	234K	230K	230K	230K
Book Value / Share	21.97K	18.82K	18.51K	21.03K	21.55K
Tangible Book Value	3.91B	3.08B	3.02B	3.52B	3.77B
Tangible Book Value Per Share	16.46K	13.17K	13.13K	15.31K	16.39K
Total Debt	1.48B	1.44B	1.41B	1.66B	1.76B
Net Debt	295M	571M	943M	649M	1.1B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-2.55B	-2.04B	-2.16B	-2.16B	-2.54B
Debt Equivalent Oper. Leases	139M	223M	257M	290M	333M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	500K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	247M	308M	309M	349M	469M
Inventories - Work In Process, Total	594M	652M	693M	680M	820M
Land - (BS)	1.2B	1.21B	1.2B	1.35B	1.37B
Machinery, Total	1.58B	1.59B	1.57B	1.73B	1.69B
Full Time Employees	14K	14K	14.5K	14.97K	12.74K
Part Time Employees	-	-	-	-	4.02K
Accumulated Allowance for Doubtful Accounts (Supple)	31.1M	31.3M	30.9M	36M	35.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	490M	570M	671M	672M	727M
Depreciation & Amortization - CF	243M	240M	242M	248M	261M
Amortization of Goodwill and Intangible Assets - (CF)	9.6M	8.5M	8M	8M	7.5M
Depreciation & Amortization, Total	253M	249M	250M	256M	269M
Amortization of Deferred Charges, Total - (CF)	14.2M	16.3M	17.4M	19.2M	22.1M
(Gain) Loss From Sale Of Asset	-5.5M	1.2M	600K	400K	1.4M
Asset Writedown & Restructuring Costs	9.6M	8.1M	13M	21.9M	9M
Other Operating Activities, Total	26.8M	36.7M	-19.4M	68.2M	98.4M
Change In Accounts Receivable	-73.2M	-85.9M	-115M	-158M	-74.5M
Change In Inventories	-79.2M	-141M	-116M	5.8M	-321M
Change In Accounts Payable	57.2M	62.3M	35.4M	101M	-54.9M
Change in Other Net Operating Assets	134M	39.5M	41.4M	195M	-156M
Cash from Operations	827M	756M	779M	1.18B	520M
Capital Expenditure	-217M	-205M	-280M	-269M	-272M
Sale of Property, Plant, and Equipment	8.7M	1.5M	800K	2.3M	700K
Cash Acquisitions	-1.5M	-	-	-	-
Sale (Purchase) of Intangible assets	-23.5M	-24.3M	-21.3M	-44.5M	-57.3M
Investment in Marketable and Equity Securities, Total	151M	250M	-	-300K	-2.9M
Other Investing Activities, Total	-200K	-100K	-	-500K	-1.7M
Cash from Investing	-82.5M	21.8M	-301M	-312M	-333M
Short Term Debt Issued, Total	15M	3.7M	-	12.7M	49M
Long-Term Debt Issued, Total	-	-	11.1M	425M	-
Total Debt Issued	15M	3.7M	11.1M	437M	49M
Short Term Debt Repaid, Total	-2.9M	-11.8M	-	-2.4M	-3.8M
Long-Term Debt Repaid, Total	-73M	-75.4M	-79.7M	-327M	-80.8M
Total Debt Repaid	-75.9M	-87.2M	-79.7M	-329M	-84.6M
Issuance of Common Stock	134M	83.5M	111M	188M	200M
Repurchase of Common Stock	-433M	-551M	-594M	-305M	-333M
Common Dividends Paid	-264M	-284M	-304M	-322M	-345M
Common & Preferred Stock Dividends Paid	-264M	-284M	-304M	-322M	-345M
Other Financing Activities, Total	-30.4M	-	-	-	1M
Cash from Financing	-655M	-836M	-856M	-330M	-512M
Foreign Exchange Rate Adjustments	-500K	-14.9M	-24.5M	12.5M	-22.2M
Net Change in Cash	88.8M	-72.6M	-402M	552M	-346M
Supplemental Items
Cash Interest Paid	24.7M	28.3M	33.8M	43.2M	47.8M
Cash Income Tax Paid (Refund)	122M	138M	165M	139M	146M
Levered Free Cash Flow	489M	418M	370M	525M	249M
Unlevered Free Cash Flow	505M	436M	391M	554M	282M
Change In Net Working Capital	-58.4M	86.3M	111M	-3.7M	317M
Net Debt Issued / Repaid	-60.9M	-83.5M	-68.6M	108M	-35.6M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.77	5.58	6.54	6.66	6.71
Return on Total Capital	6.35	7.51	8.99	9.31	9.26
Return On Equity %	9.98	11.84	15.51	14.78	14.84
Return on Common Equity	9.99	11.84	15.51	14.78	14.85
Margin Analysis
Gross Profit Margin %	67.08	66.44	67.39	65.69	62.78
SG&A Margin	47.22	46.06	46.47	44.39	41.43
EBITDA Margin %	17.9	18.55	19.14	19.49	19.52
EBITA Margin %	14.28	15.25	15.96	16.47	16.6
EBIT Margin %	14.07	15.08	15.8	16.33	16.47
Income From Continuing Operations Margin %	10.64	11.4	12.83	12.12	12.21
Net Income Margin %	10.64	11.4	12.83	12.12	12.22
Net Avail. For Common Margin %	10.64	11.4	12.83	12.12	12.22
Normalized Net Income Margin	8.48	9.14	9.57	9.84	9.8
Levered Free Cash Flow Margin	10.61	8.36	7.07	9.46	4.19
Unlevered Free Cash Flow Margin	10.96	8.73	7.47	9.98	4.73
Asset Turnover
Asset Turnover	0.54	0.59	0.66	0.65	0.65
Fixed Assets Turnover	2.62	2.82	2.98	3.01	3.02
Receivables Turnover (Average Receivables)	5.33	5.38	5.33	5.01	4.99
Inventory Turnover (Average Inventory)	2.08	2.05	1.9	2.04	2.08
Short Term Liquidity
Current Ratio	2.04	1.83	1.42	1.77	1.83
Quick Ratio	1.51	1.25	0.88	1.18	1.15
Operating Cash Flow to Current Liabilities	0.56	0.48	0.42	0.59	0.3
Days Sales Outstanding (Average Receivables)	68.47	67.87	68.45	73.02	73.09
Days Outstanding Inventory (Average Inventory)	175.89	178.09	192.23	179.04	175.65
Average Days Payable Outstanding	49.18	53.82	62.12	68.58	56.17
Cash Conversion Cycle (Average Days)	195.17	192.14	198.56	183.48	192.57
Long Term Solvency
Total Debt/Equity	28.38	32.64	33.02	34.39	35.61
Total Debt / Total Capital	22.1	24.61	24.82	25.59	26.26
LT Debt/Equity	26.74	30.91	25.24	32.38	32.6
Long-Term Debt / Total Capital	20.83	23.31	18.97	24.09	24.04
Total Liabilities / Total Assets	41.68	44.61	45.83	47.15	45.52
EBIT / Interest Expense	25.55	25.38	24.6	19.66	18.81
EBITDA / Interest Expense	35.5	33.76	32.06	25.21	23.97
(EBITDA - Capex) / Interest Expense	26.96	26.85	23.71	19.38	18.76
Total Debt / EBITDA	1.64	1.43	1.31	1.43	1.41
Net Debt / EBITDA	0.33	0.57	0.88	0.56	0.88
Total Debt / (EBITDA - Capex)	2.16	1.8	1.76	1.86	1.81
Net Debt / (EBITDA - Capex)	0.43	0.72	1.18	0.73	1.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.3	8.41	4.64	6.08	7.24
Gross Profit, 1 Yr. Growth %	18.38	7.38	6.14	3.4	2.5
EBITDA, 1 Yr. Growth %	35.73	12.36	7.96	8.09	7.42
EBITA, 1 Yr. Growth %	46.88	15.76	9.48	9.59	8.03
EBIT, 1 Yr. Growth %	47.77	16.16	9.66	9.68	8.16
Earnings From Cont. Operations, 1 Yr. Growth %	53.23	16.15	17.85	0.13	8.09
Net Income, 1 Yr. Growth %	52.47	16.15	17.85	0.13	8.17
Normalized Net Income, 1 Yr. Growth %	50.59	16.78	9.62	9.08	6.88
Diluted EPS Before Extra, 1 Yr. Growth %	52.76	18.21	19.77	1.35	8.25
Accounts Receivable, 1 Yr. Growth %	8.52	6.46	4.68	18.71	0.03
Inventory, 1 Yr. Growth %	8.57	14.97	5.24	2.15	26.43
Net Property, Plant and Equip., 1 Yr. Growth %	2.72	-0.84	-1.32	10.97	3.69
Total Assets, 1 Yr. Growth %	11.24	-11.29	-1.07	16.5	-0.64
Tangible Book Value, 1 Yr. Growth %	18.63	-21.34	-1.92	16.65	6.96
Common Equity, 1 Yr. Growth %	13.54	-15.76	-3.25	13.67	2.41
Cash From Operations, 1 Yr. Growth %	4.98	-8.56	2.99	51.81	-55.97
Capital Expenditures, 1 Yr. Growth %	-3.9	-5.44	36.63	-4.1	0.93
Levered Free Cash Flow, 1 Yr. Growth %	-15.58	-14.64	-11.5	42.07	-52.54
Unlevered Free Cash Flow, 1 Yr. Growth %	-15.36	-13.64	-10.45	41.81	-49.12
Dividend Per Share, 1 Yr. Growth %	9.09	8.33	7.69	7.14	20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.95	11.32	6.51	5.35	6.66
Gross Profit, 2 Yr. CAGR %	1.37	12.75	6.76	4.75	2.95
EBITDA, 2 Yr. CAGR %	-1.85	23.49	10.14	7.99	7.75
EBITA, 2 Yr. CAGR %	-2.2	30.39	12.58	9.5	8.81
EBIT, 2 Yr. CAGR %	-2.22	31.02	12.86	9.63	8.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.11	33.41	17	8.63	4.04
Net Income, 2 Yr. CAGR %	-1.89	33.08	17	8.63	4.07
Normalized Net Income, 2 Yr. CAGR %	-1.36	32.61	13.14	9.31	7.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.49	34.38	18.99	10.18	4.74
Accounts Receivable, 2 Yr. CAGR %	-4.12	7.48	5.56	11.48	8.97
Inventory, 2 Yr. CAGR %	0.76	11.72	10	3.68	13.64
Net Property, Plant and Equip., 2 Yr. CAGR %	0.27	0.93	-1.08	4.64	7.27
Total Assets, 2 Yr. CAGR %	5.54	-0.66	-6.32	7.36	7.59
Tangible Book Value, 2 Yr. CAGR %	9.03	-3.4	-12.16	6.96	11.7
Common Equity, 2 Yr. CAGR %	5.88	-2.2	-9.72	4.87	7.89
Cash From Operations, 2 Yr. CAGR %	-0.25	-2.03	-2.96	25.04	-18.25
Capital Expenditures, 2 Yr. CAGR %	1.82	-4.67	13.67	14.47	-1.62
Levered Free Cash Flow, 2 Yr. CAGR %	-7.14	-15.11	-13.08	12.08	-17.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.41	-14.51	-12.06	12.64	-15.06
Dividend Per Share, 2 Yr. CAGR %	6.9	8.71	8.01	7.42	13.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.1	3.38	9.05	6.36	5.98
Gross Profit, 3 Yr. CAGR %	2.19	3.34	10.5	5.62	4
EBITDA, 3 Yr. CAGR %	0.77	2.67	18.08	9.43	7.8
EBITA, 3 Yr. CAGR %	0.57	3.46	23.01	11.55	9.01
EBIT, 3 Yr. CAGR %	0.57	3.56	23.47	11.77	9.14
Earnings From Cont. Operations, 3 Yr. CAGR %	0.23	3.63	28.01	11.08	8.45
Net Income, 3 Yr. CAGR %	0.37	3.79	27.79	11.08	8.48
Normalized Net Income, 3 Yr. CAGR %	0.38	4.35	24.46	11.74	8.49
Diluted EPS Before Extra, 3 Yr. CAGR %	0.19	3.97	29.32	12.79	9.53
Accounts Receivable, 3 Yr. CAGR %	-4.35	-0.71	6.54	9.78	7.52
Inventory, 3 Yr. CAGR %	0.41	5.29	9.52	7.32	10.77
Net Property, Plant and Equip., 3 Yr. CAGR %	9.86	-0.1	0.17	2.79	4.32
Total Assets, 3 Yr. CAGR %	7.3	-0.4	-0.8	0.74	4.62
Tangible Book Value, 3 Yr. CAGR %	8.1	-2.21	-2.91	-3.45	6.96
Common Equity, 3 Yr. CAGR %	5.27	-1.89	-2.55	-2.51	4.04
Cash From Operations, 3 Yr. CAGR %	8.26	-3.1	-0.38	12.65	-11.7
Capital Expenditures, 3 Yr. CAGR %	-3.94	-0.66	7.48	7.41	9.76
Levered Free Cash Flow, 3 Yr. CAGR %	18.93	-9.71	-13.92	2.35	-15.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	18.63	-9.54	-13.18	3.09	-13.58
Dividend Per Share, 3 Yr. CAGR %	6.27	7.38	8.37	7.72	11.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.33	4.02	3.84	4.16	8.08
Gross Profit, 5 Yr. CAGR %	4.04	4.38	3.99	3.9	7.41
EBITDA, 5 Yr. CAGR %	3.19	4.18	4.42	4.77	13.82
EBITA, 5 Yr. CAGR %	2.82	4.66	5.21	5.83	17.1
EBIT, 5 Yr. CAGR %	2.84	4.76	5.32	5.95	17.41
Earnings From Cont. Operations, 5 Yr. CAGR %	3.16	4.71	6.63	5.6	17.82
Net Income, 5 Yr. CAGR %	3.17	4.8	6.72	5.7	17.72
Normalized Net Income, 5 Yr. CAGR %	2.41	4.66	5.3	6.3	17.56
Diluted EPS Before Extra, 5 Yr. CAGR %	2.71	4.89	7.32	6.41	18.87
Accounts Receivable, 5 Yr. CAGR %	-2.08	-1.87	-0.5	3.99	7.51
Inventory, 5 Yr. CAGR %	2.98	3.66	4.14	4.65	11.15
Net Property, Plant and Equip., 5 Yr. CAGR %	7.53	6.52	5.35	1.77	2.95
Total Assets, 5 Yr. CAGR %	6.86	2.64	1.63	2.63	2.48
Tangible Book Value, 5 Yr. CAGR %	11.79	1.87	-0.51	1.36	2.69
Common Equity, 5 Yr. CAGR %	7.33	1	-1	0.76	1.5
Cash From Operations, 5 Yr. CAGR %	9.91	5.05	3.63	7.3	-7.95
Capital Expenditures, 5 Yr. CAGR %	0.03	3.46	2.75	5.14	3.75
Levered Free Cash Flow, 5 Yr. CAGR %	15.31	6.03	4.91	-1.56	-15.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.21	6.3	5.24	-1.25	-13.95
Dividend Per Share, 5 Yr. CAGR %	6.4	6.93	6.96	7.39	10.35