Barry Callebaut reports volume growth and strong profitability

The solid growth was achieved amid a currently weak global confectionery market that declined by - 1.5% in volume. Sales revenue grew by 11.6% (+ 14.5% in local currencies) to CHF 3.24 bn, driven by higher cocoa bean prices compared to last year and increased sales of higher value products.

On top of the strong base of last year, operating profit (EBIT) rose by 8.7% (+ 13.0% in local currencies) to CHF 219.2 m, net profit was up 10.7% (+ 16.3% in local currencies) to CHF 132.4 m. From a regional perspective, volume growth was particularly good in the Group’s main regions Western Europe and Americas. Volume growth further benefited from a strong performance of the two global Gourmet brands Callebaut® and Cacao Barry®, boosting overall sales volume in the Gourmet & Specialties Products business significantly by 6.0%.