Annual Report 2022

2. Changes in the Consolidation Scope and Non-Controlling Interests


As communicated in August 2022, the Lindt & Sprüngli Group decided to retire from the Russian market. The subsidiary Lindt & Sprüngli Russia LLC belongs to the segment “Europe” and there are no minority shares. There are no material positions within the Consolidated Financial Statements. Assets have been tested for recoverability. Therefore, impairments amounting to CHF 3.1 million have been recognized within the Consolidated Income Statement during 2022. As of December 31, 2022, provisions and accruals of CHF 3.5 million have been booked for the expected liquidation costs.


In May 2022, the Lindt & Sprüngli Distribution Services AG was founded and added to the consolidation scope of the group. The company provides services connected to the distribution, marketing and sales of Lindt & Sprüngli products.


In January 2022, the following intragroup mergers occurred:

Lindt & Sprüngli S.p.A. absorbed its two fully-owned subsidiaries Lindt & Sprüngli Retail S.r.l. and Caffarel S.p.A. This represents an upstream merger. Moreover, Lindt & Sprüngli (Brazil) Comércio de Alimentos S.A. absorbed its 100% parent company Lindt & Sprüngli (Brazil) Holding Ltda. This represents a downstream merger. In both cases, all business operations are continued with. Since both transactions are group-internal mergers, the impact on the consolidated financial statements is limited.

The minority shares in Lindt & Sprüngli (Brazil) Comércio de Alimentos S.A. have been purchased previously on January 27, 2021, for a purchase price of BRL 180.0 million (CHF 30.4 million). Since the Lindt & Sprüngli Group already possessed the majority share before the purchase and Lindt & Sprüngli (Brazil) Comércio de Alimentos S.A. thus was accounted for using the purchase method, the transaction has been accounted for as a pure capital transaction and hence resulted in an elimination of the remaining non-controlling interests.