FDBusiness.com

Barry Callebaut Growing Twice as Fast as the Market

 Breaking News
  • Lactalis Expands in Infant Nutrition With €740 Million Acquisition Lactalis Group, the international dairy group based in Laval, France, is acquiring the Nutritional business of Aspen Pharmacare for €739.8 million (R12.9 billion). The business being acquired supplies a wide range of infant nutritional and growing-up milk products across both the premium and value segments. It manufactures and markets well established quality brands, including S-26, [...]...
  • Thatchers Cider to Invest £14 Million in New Cider Mill Thatchers Cider, the family owned English cider producer, is to invest £14 million in a new cider mill at its Myrtle Farm site in Somerset to meet growing demand for its products. The company has applied for planning permission and, if granted, the new mill would come on stream in 2019. “This investment is about our [...]...
  • Coca-Cola Great Britain Teams Up With Premier League Premier League and Coca-Cola Great Britain have announced a new three-and-a-half-year partnership, starting in January 2019. It is the first sponsorship Coca-Cola Great Britain will activate across multiple brands within its portfolio, showcasing a range of drinks including sparkling soft drinks, water and fruit-based drinks, with low and no-sugar options. The partnership will see Coca-Cola work [...]...
  • Barry Callebaut Completes $30 Million Capacity Expansion in North America Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has announced the completion of several expansion investments in three of its North American facilities located in St Hyacinthe, Quebec; Chatham, Ontario; and St Albans, Vermont. The investments amount to close to US$30 million and are in line with previously announced plans. Recent investments [...]...
  • Strong First Half From Hilton Food Group Hilton Food Group, the UK-based leading specialist international food packing business, has reported a 25.0% increase in turnover to £863.6 million and by 24.5% on a constant currency basis for the 28 weeks to 15 July 2018. Volumes increased by 12.7% reflecting growth in the UK, Ireland and Australia. Operating profit for the first half [...]...

Barry Callebaut Growing Twice as Fast as the Market

Barry Callebaut Growing Twice as Fast as the Market
April 05
12:02 2011

Barry Callebaut, the world’s leading manufacturer of high quality cocoa and chocolate products, grew twice as fast as the global chocolate market in the first half of its 2010/11 fiscal year, ended February 28th last: Sales volume at the Swiss confectionery group increased by 7.1% to 706,570 tonnes, while the global chocolate market grew by 3.6%. Emerging markets and cocoa products for strategic partners were the main growth drivers.

However, the strong Swiss franc affected the overall results both in terms of sales revenue and profit level. Sales revenue rose by 3.1% to SFr2.74b (Eur2.1b) but in local currencies grew by 13.2%. Due to good cost control as well as a favorable combined cocoa ratio, Barry Callebaut achieved significant operational improvements. Operating profit (EBIT) was up by 4.0% to SFr217.1m (+11.4% in local currencies) and net profit rose 9.0% to SFr158.8m, and by 17.1% in local currencies.

Juergen Steinemann, chief executive of Barry Callebaut.

“Once again, we managed to significantly outperform the global chocolate market by growing twice as fast. We are pleased that our growth was particularly strong in emerging markets. All strategic product groups showed good momentum, resulting in double-digit profit growth in local currencies,” comments Juergen Steinemann, chief executive of Barry Callebaut.

He adds: “In recent months, we faced a challenging political situation in Cote d’Ivoire, the world’s most important cocoa growing country. In order to avoid supply problems we have put in place a contingency plan and stepped up our sourcing and production activities in other countries. We believe we have taken those steps necessary to enable us to honor our customer contracts and meet our commitments during 2011. However, our primary concern during this difficult time is the safety and welfare of our employees and everyone living in Cote d’Ivoire. We remain committed to the cocoa farming communities and hope for a peaceful resolution of the current situation.”

Barry Callebaut is confident that its good performance in the past six months will continue in the second half of fiscal year 2010/11 despite the challenging situation in Cote d’Ivoire. Barry Callebaut expects to surpass the average market growth rates and is therefore confirming its four year financial guidance.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
  • September 30, 2018Trade Fair for Butchers, Caterers and Meat Industry (Meat Expo)
  • October 1, 2018Poznan International Fair
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements