Barry Callebaut: Sales volume up 8.2% in 9M-2013

Zurich / CH. (bc) Swiss Barry Callebaut AG, the world´s leading manufacturer of cocoa and chocolate products, achieved strong top-line growth with an increase in sales volume of 8,2 percent to 1’112’309 tonnes in the first nine months of fiscal year 2012/2013 – ended May 31. During third quarter, the company even accelerated its volume growth to 8,9 percent. With this, Barry Callebaut significantly outpaced the global chocolate market, which increased by 1,9 percent.

For the nine-month period, growth was recorded across all Regions, strongly supported by the company´s long-term outsourcing agreements and strategic partnerships as well as the Gourmet + Specialties Products business. Business in emerging markets continued to perform well, in particular EEMEA and Latin America.

Based on Barry Callebaut´s cost-plus model, lower average raw material prices compared to the previous year translated into lower sales revenue: minus 1,3 percent in local currencies (minus 0,5 percent in CHF) to 3’540,7 million CHF.

CEO Juergen Steinemann: «We are pleased to have again achieved such strong, broad-based volume growth for the first nine months, especially as the general market environment in Western Europe was still challenging. Key growth drivers were our strategic partnerships, emerging markets and the Gourmet business. Now, after the closing of the acquisition, we are focusing on the integration of the cocoa business from Petra Foods, having made all the necessary preparations for this during the past six months».

Outlook: Mid-term guidance confirmed

Barry Callebaut´s continuous growth is the result of the consistent execution of its long-term strategy. After the closing of the recent acquisition of the cocoa business from Petra Foods, Barry Callebaut will focus on both a successful integration of the acquired business and on the Group´s margin improvement. Steinemann on the outlook: «Based on our leadership position and the visibility on the business front, we are confident of achieving our mid-term guidance».

bakenet:eu