Callebaut reports strong profit, accelerating growth11 Apr 2019
Barry Callebaut has reported what it describes as “strong profitability and accelerating growth momentum” for the half year, with sales volume up 2.4% on top of a strong prior-year base and sales revenue of CHF 3.7 billion, up 6.0% in local currencies (3.5% in CHF).
Operating profit (EBIT) was up 12.4% in local currencies (8.9% in CHF). Net profit was up 18.8% in local currencies (15.1% in CHF). The company said it was on track to deliver on current mid-term guidance.
“We saw an acceleration of volume growth in the second quarter, which, combined with the consistent execution of our ‘smart growth’ strategy, delivered a strong profit increase,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group.Looking ahead, de Saint-Affrique said: “We have good visibility in our portfolio and expect a further acceleration in sales momentum. This makes us confident we can deliver on our current mid-term guidance. Going forward, we remain committed to achieving consistent above-market volume growth and enhanced profitability, which is why we renewed our mid-term guidance6 for the coming three fiscal years.”
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