1. Organization, Business Activities and Lindt & Sprüngli Group Companies
Chocoladefabriken Lindt & Sprüngli AG and its subsidiaries manufacture and sell premium chocolate products. The products are sold under the brand names Lindt, Ghirardelli, Russell Stover, Whitman’s, Caffarel, Hofbauer, Küfferle and Pangburn’s. The Lindt & Sprüngli Group has eleven manufacturing plants worldwide (six in Europe and five in the United States) and mainly sells in countries within Europe and North America.
Chocoladefabriken Lindt & Sprüngli AG is incorporated and domiciled in Kilchberg ZH, Switzerland.
The Company has been listed since 1986 on the SIX Swiss Exchange (ISIN number: registered shares CH0010570759, participation certificates CH0010570767).
These consolidated financial statements were approved for publication by the Board of Directors on March 7, 2022.
The subsidiaries of Chocoladefabriken Lindt & Sprüngli AG as at December 31, 2021 are:
Country |
|
Domicile |
|
Subsidiary |
|
Business activity |
|
Ownership (%) |
|
Currency |
|
Capital in million |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Switzerland |
|
Kilchberg |
|
Lindt & Sprüngli (Schweiz) AG |
|
P&D |
|
100 |
|
CHF |
|
10.0 |
||||||||
|
|
Indestro AG1 |
|
M |
|
100 |
|
CHF |
|
0.1 |
||||||||||
|
|
Lindt & Sprüngli (International) AG1 |
|
M |
|
100 |
|
CHF |
|
0.2 |
||||||||||
|
|
Lindt & Sprüngli Financière AG1 |
|
M |
|
100 |
|
CHF |
|
5.0 |
||||||||||
Germany |
|
Aachen |
|
Chocoladefabriken Lindt & Sprüngli GmbH1 |
|
P&D |
|
100 |
|
EUR |
|
1.0 |
||||||||
France |
|
Paris |
|
Lindt & Sprüngli SAS |
|
P&D |
|
100 |
|
EUR |
|
13.0 |
||||||||
Italy |
|
Induno |
|
Lindt & Sprüngli S.p.A.1 |
|
P&D |
|
100 |
|
EUR |
|
5.2 |
||||||||
|
Luserna |
|
Caffarel S.p.A. |
|
P&D |
|
100 |
|
EUR |
|
2.2 |
|||||||||
|
Induno |
|
Lindt & Sprüngli Retail S.r.l. |
|
D |
|
100 |
|
EUR |
|
0.01 |
|||||||||
United Kingdom |
|
London |
|
Lindt & Sprüngli (UK) Ltd.1 |
|
D |
|
100 |
|
GBP |
|
1.5 |
||||||||
USA |
|
Kansas City, MO |
|
Lindt & Sprüngli (North America) Inc.1 |
|
M |
|
100 |
|
USD |
|
0.1 |
||||||||
|
Stratham, NH |
|
Lindt & Sprüngli (USA) Inc. |
|
P&D |
|
100 |
|
USD |
|
1.0 |
|||||||||
|
San Leandro, CA |
|
Ghirardelli Chocolate Company |
|
P&D |
|
100 |
|
USD |
|
0.1 |
|||||||||
|
Kansas City, MO |
|
Russell Stover Chocolates, LLC |
|
P&D |
|
100 |
|
USD |
|
0.1 |
|||||||||
Spain |
|
Barcelona |
|
Lindt & Sprüngli (España) SA |
|
D |
|
100 |
|
EUR |
|
3.0 |
||||||||
Netherlands |
|
Rotterdam |
|
Lindt & Sprüngli (Netherlands) B.V. |
|
D |
|
100 |
|
EUR |
|
0.1 |
||||||||
Austria |
|
Vienna |
|
Lindt & Sprüngli (Austria) Ges.m.b.H.1 |
|
P&D |
|
100 |
|
EUR |
|
4.5 |
||||||||
Poland |
|
Warsaw |
|
Lindt & Sprüngli (Poland) Sp. |
|
D |
|
100 |
|
PLN |
|
17.0 |
||||||||
Canada |
|
Toronto |
|
Lindt & Sprüngli (Canada) Inc.1 |
|
D |
|
100 |
|
CAD |
|
2.8 |
||||||||
Australia |
|
Sydney |
|
Lindt & Sprüngli (Australia) Pty. Ltd.1 |
|
D |
|
100 |
|
AUD |
|
1.0 |
||||||||
Mexico |
|
Mexico City |
|
Lindt & Sprüngli de México SA de CV1 |
|
D |
|
100 |
|
MXN |
|
285.1 |
||||||||
Sweden |
|
Stockholm |
|
Lindt & Sprüngli (Nordic) AB1 |
|
D |
|
100 |
|
SEK |
|
0.5 |
||||||||
Czech Republic |
|
Prague |
|
Lindt & Sprüngli (CEE) s.r.o.1 |
|
D |
|
100 |
|
CZK |
|
0.2 |
||||||||
Japan |
|
Tokyo |
|
Lindt & Sprüngli Japan Co., Ltd. |
|
D |
|
100 |
|
JPY |
|
1,227.0 |
||||||||
South Africa |
|
Capetown |
|
Lindt & Sprüngli (South Africa) (Pty) Ltd.1 |
|
D |
|
100 |
|
ZAR |
|
100.0 |
||||||||
Hong Kong |
|
Hong Kong |
|
Lindt & Sprüngli (Asia-Pacific) Ltd.1 |
|
D |
|
100 |
|
HKD |
|
248.3 |
||||||||
China |
|
Shanghai |
|
Lindt & Sprüngli (China) Ltd. |
|
D |
|
100 |
|
CNY |
|
199.5 |
||||||||
Russia |
|
Moscow |
|
Lindt & Sprüngli (Russia) LLC1 |
|
D |
|
100 |
|
RUB |
|
16.0 |
||||||||
Brazil |
|
São Paulo |
|
Lindt & Sprüngli (Brazil) Holding Ltda. |
|
D |
|
100 |
|
BRL |
|
230.0 |
||||||||
|
|
Lindt & Sprüngli (Brazil) Comércio de Alimentos S.A.2 |
|
D |
|
100 |
|
BRL |
|
40.8 |
||||||||||
|
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Changes in the consolidation scope or of non-controlling interests are disclosed within note 2.