ZURICH (Reuters) – Swiss chocolate maker Lindt & Spruengli will increase its prices in the double digit percentage range during 2025 to offset high cocoa prices, Chief Financial Officer Martin Hug said on Tuesday.
Lindt increased it prices by 6.3% in 2024, but that was not enough to offset the steep price increase for cocoa beans, he said.
“Going forward we will need further price increases…. we will do double-digit price increases in 2025,” Hug told reporters after the company reported its full year results.
“Chocolate in the future will be more expensive than it has been two or three years ago. That’s not just Lindt chocolate, that’s chocolate in general,” he added.
(Reporting by John Revill; Editing by Madeline Chambers)
