Tony’s Chocolonely increases turnover in 2021/22 to more than 133 million euros

This is reported by the company in its current Fair Report.

In detail, the USA, Denmark and Great Britain with Ireland were among the strongest growth markets in the past business year. The US market increased by € 8.1 m to € 22.2 m in this period, the UKI market grew by 19% to € 24.2 m, and Denmark almost doubled its turnover from € 7.6 m to € 13.3 m. Finally, the Benelux & Beyond sector achieved an increase in turnover of € 4.5 m to € 71.2 m.

At the same time, the gross margin rose from 46.2% to 50.2%. Despite its strong performance, the company recognises that some of its financial ambitions were not met. The company faced unpredictable challenges, such as sky-high inflation and a two-month production shutdown at one of its partner’s processing facilities.

Tony’s Chocolonely invested € 8.2 m euros in the past financial year, primarily in the procurement market, but also in the expansion of capacities at the factory in Borsbeek, which was acquired in 2021. The company went on to say that 6.2% of sales went into sustainability programmes that benefited around 15,000 cocoa farmers. Tony’s Chocolonely claims to have significantly reduced child labour in its own cocoa supply chain and calls on other companies to do the same for the ethically oriented brand. In contrast to the industry average of 46.5%, the proportion of children in the cocoa farming communities with which Tony’s Chocolonely works on a long-term basis is 4.4%.

With Ben & Jerry’s Ice Cream, The Flower Farm and Plus in the Netherlands, the number of Tony’s Open Chain partners increased to seven companies. The impact of Tony’s Open Chain is clearly reflected in the increase in the volume of cocoa beans sourced in West Africa from 210 tonnes in the 2012/13 business year to 14,002 tonnes – 0.5% of the West African cocoa bean market, according to the company.