News
Barry Callebaut outperforms market
8 Jul 2015Reporting its 9-month figures, Barry Callebaut said that its sales volume continued to grow well above the global chocolate confectionery market, accelerating to +2.5% in a weak global chocolate confectionery market which declined by -2.1%. Sales revenue was up +12.0% in local currencies (+7.6% in CHF) “I am pleased with our volume growth in the […]
Reporting its 9-month figures, Barry Callebaut said that its sales volume continued to grow well above the global chocolate confectionery market, accelerating to +2.5% in a weak global chocolate confectionery market which declined by -2.1%. Sales revenue was up +12.0% in local currencies (+7.6% in CHF)
“I am pleased with our volume growth in the last nine months,” said Juergen Steinemann, CEO of the Barry Callebaut Group. “With +2.5% we significantly outperformed the global chocolate confectionery market which declined by -2.1%1, currently affected by recent price increases for consumer products and rather soft economies across the globe. Our growth was broadly based, supported by our growth drivers outsourcing, emerging markets and Gourmet & Specialties Products.”
The company said it achieved good growth in its chocolate business across all regions fuelled by the its growth drivers (outsourcing, emerging markets and Gourmet & Specialties Products). Due to the still challenging cocoa products market, Barry Callebaut did not actively increase its sales in the Global Cocoa segment. Both the Food Manufacturers (+2.9%) as well as the Gourmet & Specialties Products business (+4.9%) delivered solid results.
Sales revenues were driven by stronger sales of Gourmet and Specialties products resulting in a more favorable product mix and higher cocoa bean prices compared to last year.
“As communicated, we expect sales volume to gain more momentum in the fourth quarter of the fiscal year,” said Steinemann. “We will keep on navigating carefully through the challenging cocoa market. Overall, we continue to see ample opportunities for further growth and all our growth drivers will support our sustained significant outperformance of the global chocolate market. We maintain our current guidance.”