Annual Report 2021

6. Capital Management

The goal of the Lindt & Sprüngli Group with regards to capital management is to support the business with a sustainable and risk adjusted capital basis and to achieve an accurate return on the invested capital. The Lindt & Sprüngli Group assesses the capital structure on an ongoing basis and makes adjustments in view of the business activities and the changing economical environment. As an example the Lindt & Sprüngli Group has again launched a buyback program for registered shares and participation certificates in the amount of up to CHF 750 million. The buyback started on June 1, 2021, and will last until December 30, 2022, at the latest.

The Lindt & Sprüngli Group monitors its capital based on its equity ratio, which was 58.3% as of December 31, 2021 (57.2% in prior year).

The objectives, policies and procedures as of December 31, 2021, related to capital management have not been changed compared to the previous year.