Barry Callebaut: First Quarter Fiscal 2020-2021 Results

Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, reported – against a high prior-year comparison base – resilient sales volume of 560,354 tonnes, which corresponds to a decline of -4.3 percent during the first three months of fiscal year 2020/2021 (ended November 30, 2020). Sales volume in the chocolate business continued to improve, with a slight decline of -1.8 percent to 447,704 tonnes, in line with the underlying global chocolate confectionery market2. The key growth drivers Outsourcing (+2.6 percent) and Emerging Markets (+4.7 percent, excluding Cocoa) contributed positively and Gourmet and Specialties continued to recover (-5.5 percent). Sales volume in Global Cocoa declined by -13.1 percent to 112,650 tonnes as a result of the continued focus on ‘smart growth’. Sales revenue in the first three months amounted to CHF 1,777.5 million, a decline of -3.5 percent in local currencies (-11.2 percent in CHF).

«In still volatile markets, we continue to find new ways of doing business and seize opportunities while maintaining strict cost discipline. We see a gradual recovery, supported by our consistent focus on ‘smart growth’, our broad customer footprint and our strong innovation pipeline. This makes us confident that we can deliver on our mid-term guidance,» says CEO Antoine de Saint-Affrique in his statement. For additional information please read Barry Callebaut Group’s PDF file below (85 KB):