Callebaut reports sales "significantly above market growth"14 Nov 2017
Barry Callebaut has reported sales volume for its financial year up 4.4%, which it says is significantly above the market growth. Sales revenue was CHF 6.8 billion, up 1.2% in local currencies.
Barry Callebaut has reported sales volume up 4.4%, which it says is significantly above the market growth. Sales revenue was CHF 6.8 billion, up 1.2% in local currencies. Operating profit (EBIT) was up 22.3% in local currencies, of which 17.8% is recurring. Net profit was up 39.6% in local currencies, of which 31.3% is recurring. The company confirmed its mid-term guidance, extending it until 2018/19.“I am delighted to announce a strong set of results. We saw a good performance across all our Regions and Product Groups at top and bottom-line level,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group. “We keep delivering on our ‘smart growth’ agenda, which is reflected in the improvement of all our Group key financial metrics.”“We will continue to deliver on our ‘smart growth’ strategy. A more supportive cocoa products market and slightly improving global demand for chocolate, together with the consistent execution of our strategy, give us confidence to extend our mid-term guidance to fiscal year 2018/19: We are targeting 4-6% volume growth, and EBIT above volume growth in local currencies on average for the 4-year period 2015/16 to 2018/19, barring any major unforeseen events.”
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