Barry Callebaut: Full-Year Results Fiscal Year 2019-2020

Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, announced the full-year results of fiscal year 2019-2020, that ended in Zurich on August 31, 2020. «I am proud of the solid set of results and strengthened balance sheet that we managed to deliver in unprecedented times. They are testimony to the strength and resilience of Barry Callebaut, its employees and its culture. Our focus on care, continuity and cash helped us to safeguard the health of our people and communities, to serve our customers well at a time when they need it most, and to enhance the financing of our company,» says CEO Antoine de Saint-Affrique in his statement. Overview:

• Sales volume down -2.0 percent, progressive volume recovery in fourth quarter
• Sales revenue of CHF 6.9 billion, down -0.4 percent in local currencies (-5.7 percent in CHF)
• Operating profit (Ebit) recurring of CHF 491.0 million, down -13.8 percent in local currencies (-18.5 percent in CHF)
• Net profit recurring of CHF 319.3 million, down -13.3 percent in local currencies (-18.5 percent in CHF)
• Strong Free cash flow of CHF 317 million
• Confident on mid-term guidance3
• CFO Remco Steenbergen to leave; Ben De Schryver appointed as CFO effective January 01, 2021
• Board member Suja Chandrasekaran will not stand for reelection. Yen Yen Tan proposed as new member of the Board of Directors
• Proposed dividend: CHF 22.00 per share, a stable payout ratio of 39 percent

For additional information please read Barry Callebaut Group’s PDF file below (112 KB):

20201113-BCG-FY-2019-2020.