The Swiss firm reported Tuesday (January 16) a 10.3% rise in organic sales for 2023.

A post health-crisis recovery in travel helped build demand for higher value products.

The maker of Lindor balls credited most of the growth to higher prices used to offset elevated raw material costs, especially for cocoa.

Overall sales reached $6.06 billion last year, up 4.6% and slightly above analysts' forecasts.

Lindt said its most important product line - Lindor Pralines - saw double-digit percentage growth in all regions last year.

It further said customer presence in its stores and travel retail business also rose.

For this year, the chocolatier targets organic sales growth of up to 8%.

Its full annual results are due to be published on March 5.

Investors liked what they heard Tuesday and shares in Lindt rose 5%.