Barry Callebaut sales up slightly in nine months

by FoodBusinessNews.net Staff
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ZURICH, SWITZERLAND — For the nine months ended May 31, Barry Callebaut AG had sales revenue of 3,639.6 million Swiss francs ($3,319.7 million), up 1% from 3,608.6 million Swiss francs during the same period of the previous year.

Sales volume for the nine months was 895,391 tonnes, up 2.6% from 872,993 tonnes during the same period of the previous year.

"We are very satisfied we managed to regain our growth momentum in the third quarter," said Victor Balli, chief financial officer. "The global chocolate market continues to decline in volume terms because consumer sentiment is still worsening in most economies. We attribute our own growth in the face of negative market trends to our geographic expansion, the implementation of outsourcing deals and market share gains. Our order portfolio for the next few months looks very promising and shows good margins. Together with ongoing tight cost control, this will help offset the negative impact from declining cocoa butter prices. Therefore, we are confident we will achieve our targets, barring any major unforeseen events."

Sales revenue in Region Americas was up 20% to 802.3 million Swiss francs ($731.5 million), and volume was up 8% to 228,323 tonnes.

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