Ritter Sport reports red numbers **Note:** "rote Zahlen" is a financial term that translates to "red numbers" in English, indicating losses or negative financial results.
Waldenbuch - The chocolate manufacturer Ritter Sport wrote red numbers last year despite significantly higher sales. The operating result remained significantly below expectations, as the family-owned company in Waldenbuch near Stuttgart announced.
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Sharply rising raw material costs would have led to the loss. A Ritter Sport spokesperson did not provide specific figures on the amount when asked. Already in 2024, the result had been under pressure but was still positive. Revenue climbed by around 17.7 percent to 712 million euros last year - up from 605 million euros the previous year. Accordingly, these are preliminary figures adjusted for exchange rate effects. However, the increase could not compensate for the "massive cost increases" along the entire value chain. "Revenue is not the same as profit - the decisive factor is whether a company can sustainably cover its costs," said Ritter Sport CEO Andreas Ronken. In recent years, prices for cocoa, energy, logistics, and packaging had risen significantly. "This cost inflation is affecting the result with a time lag and full force." Higher prices - less sales According to the report, the Swabians had also raised the prices for the square chocolate bars. However, the costs could ...