Dear Shareholders: It gives me great pleasure to look back with you at a highly successful and eventful financial year. A year which not only saw further good results, but also set exceptionally important milestones in Lindt & Spriingli's history. The salient event by far, which will permanently underlay our future corporate success, was the takeover of the traditional American chocolate manufacturer Russell Stover announced in mid-July 2014, the largest strategic acquisition in the company's history. With this ground-breaking transaction we have consolidated our No. 3 position in the U.S. chocolate market and attained the uncontested leader position in the local premium segment. At the same time, we became one of the most important partners for the retail trade and strengthened our influence in the market. This constitutes a solid basis for further profitable growth in the world's biggest chocolate market.
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