5. Capital Management

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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. In August 2022, the Lindt & Sprüngli Group has again launched a buyback program for registered shares and participation certificates in the amount of up to CHF 1 billion. The buyback started on August 2, 2022, and will last until July 31, 2024, at the latest.

The Lindt & Sprüngli Group monitors its capital based on its equity ratio, which was 54.2% as of December 31, 2023 (55.4% in prior year).

The objectives, policies and procedures as of December 31, 2023, related to capital management have not been changed compared to the previous year.