Callebaut reports "anticipated" volume growth

12 Jul 2019

In the first nine months of fiscal year 2018/19 (ended May 31, 2019), the Barry Callebaut Group grew its overall sales volume by 5% (10.6% in Q3) to 1,589,181 tonnes.

Sales volume in the chocolate business grew by 5.9%, well above the underlying global chocolate confectionery market, which was up 0.9% according to Nielsen.

Callebaut reports anticipated volume growth

Global cocoa volumes increased 2.2%. Sales revenue in the period under review amounted to CHF5.5 billion, an increase of 8.2% in local currencies (5.7% in CHF). The increase in sales revenue was impacted by higher raw material prices and the first-time adoption of IFRS 153.

“As anticipated, we accelerated our volume growth in the third quarter. All Regions contributed to the good sales momentum, and our volume growth was again significantly above the global chocolate confectionery market,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group. “We are confident we will deliver on our current mid-term guidance. Going forward, we remain committed to achieving consistent above-market volume growth and enhanced profitability. This is why, in January, we renewed our mid-term guidance for the coming three fiscal years.”