Zurich / CH. (bc) Swiss Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, achieved strong sales volume growth of +8.9 percent to 610,048 tonnes during the first three months of fiscal year 2021/22 (ended November 30, 2021). While this was achieved against a weak comparison base, it was well ahead of the Group’s pre-Covid-19 volume in 2019/20. Organic volume growth was +8.1 percent in the period under review, excluding the first-time consolidation of Europe Chocolate Company (ECC) as of September 2021. The chocolate business showed particularly strong volume growth of +9.6 percent, clearly outpacing the underlying global chocolate confectionery market (+3.1 percent). All Regions and key growth drivers contributed to these strong results: Gourmet +amp; Specialties +33.8 percent, Emerging Markets +11.0 percent, Outsourcing +4.5 percent. Global Cocoa reported positive volume growth of +6.0 percent in an ongoing challenging market environment. Sales revenue amounted to CHF 2,032.2 million, up +14.0 percent in local currencies (+14.3 percent in CHF) in the first three months under review. The increase was impacted by the overall inflationary environment, which Barry Callebaut manages through its cost-plus pricing model for the majority of its business.
«I am pleased to present strong volume growth for the first three months of the new fiscal year. Chocolate volume growth was particularly strong, outperforming the underlying global chocolate confectionery market. At the same time, Global Cocoa returned to positive growth in a still challenging market environment,» says CEO Peter Boone in his statement. For additional information please read the company’s PDF file below (423 KB):20220126-BARRY-CALLEBAUT-Q1-2022