Barry Callebaut reports 8% volume growth24 Jan 2020
Barry Callebaut increased its sales volume by 8.2% to 585,620 tonnes during the first three months of fiscal year 2019/20 (ended on November 30, 2019).
Sales volume in the chocolate business grew by 7.7%, which the company says was well above the global chocolate confectionery market which was flat (-0.0%).
Growth was supported by all regions and key growth drivers: outsourcing (+2.7%), emerging markets (+16.7%) and gourmet & specialties (excluding beverage, +4.4%). Sales volume in global cocoa grew +10.2%.
“We had a strong start to the year, outperforming the overall flat underlying chocolate confectionery market. Our volume growth was broad based, with positive contributions from all regions and key growth drivers,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group.
Excluding the first-time contribution from the consolidation of Inforum, organic volume growth was 6.2%. Sales revenue amounted to CHF 2,000.8 million, which represents an increase of 8.7% in local currencies (6.3% in CHF).
Looking ahead, CEO Antoine de Saint-Affrique said: “The strong start to the year, together with a healthy portfolio and the diligent execution of our ‘smart growth’ strategy, give us confidence that we are on track to deliver on our mid-term guidance for the period ending with fiscal year 2021/22.”