4. Impact of Covid-19

The Lindt & Sprüngli Group’s business has recovered largely from the impacts of the pandemic. Solely, the business divisions Global Retail and Duty Free have only been recovering slowly from the impacts of the pandemic due to the ongoing temporary local lockdowns as well as the ongoing travel restrictions. There are still no material risks of impairment. The obtained grants as for example short-time work compensation or rent concessions are significantly lower than in prior year and thus not material (both below CHF 6.0 million).