Barry Callebaut Group: good volume growth continues

The company accomplished this growth in a global confectionery market that decreased by - 2.0% (source: Nielsen, September 2015 – May 2016). Sales revenue increased by + 11.4% in local currencies (+ 7.8% in CHF) to CHF 5 bn, driven by a favourable product and customer mix and higher ingredient prices compared to last year.  

Barry Callebaut achieved very strong volume growth in its chocolate business across all regions, fueled by the company’s key growth drivers outsourcing, emerging markets and Gourmet & Specialties. Both the Food Manufacturers (+ 8.3%) and the Gourmet & Specialties businesses (+ 11.4%) delivered solid contributions. In the Global Cocoa business, sales to third parties were intentionally reduced by phasing out less profitable contracts, leading to a 7.8% decrease in the sales volume.   

Antoine de Saint-Affrique, CEO of the Barry Callebaut Group, said: “Our sales volume continued its strong growth in the third quarter of the current fiscal year. Our chocolate business performed particularly well, despite still sluggish demand for chocolate confectionery. At the same time, we continued to phase out less profitable contracts in the Cocoa business. All our key growth drivers contributed to the good volume momentum.”