Swiss chocolatier and confectionary maker, Lindt & Spruengli, reported better than expected first-half earnings on Tuesday, despite challenges facing the market.
The company's net income came in at 90.6 million Swiss Francs ($92.7 million, EBIT) at the end of June, a 17.5 percent increase from the same period in 2014. The chocolate maker confirmed its full year outlook, expecting its sales will increase by 6-8 percent.
Despite facing a whole raft of challenges, including high raw material prices and a strong Swiss Franc, Ernst Tanner, chief executive of Lindt & Spruengli, told CNBC Tuesday, it was their continuous investment that helped keep the chocolatier afloat.
"We are selling the best quality products in the chocolate market on a worldwide basis. Secondly we have invested over more than (the decade) a treble million Swiss franc amount into technology and new equipment, and much more into the strengthening of the brand and global expansion. The continuous investment—which will continue in years to come—is paying back handsomely now."