Swiss-based chocolate manufacturer the Barry Callebaut Group has recorded year-on-year volume growth of 1.4% for the first six months of the fiscal year.
Sales revenues were up 3.3% to a total of 3.5 billion CHF for the period, against a challenging market.
Its latest figures, which covered the half year up to February 28th 2017, contrasted with a -2.1% decline seen in the global chocolate confectionery market during the same period.
According to the company, its growth, which was boosted by a second quarter upturn of 3.5% (following -0.4% for the first quarter), was achieved through outsourcing.
This included the successful integration of the Halle factory acquired from Mondelēz International, but also Gourmet and specialties and emerging markets contributed.
Sales volume in chocolate was up 3.5%, while the intentional
phase-out of less profitable contracts in cocoa, now completed, led to a decline of -5.0%.
Antoine de Saint-Affrique, CEO of the Barry Callebaut
Group, commented: “We keep delivering on our ‘smart growth’ agenda. Sales volume growth picked up in the second quarter of the current fiscal year, despite sluggish global demand for chocolate confectionery.
“We significantly improved our profitability as a result of our ongoing focus on product and customer mix and the successful implementation of our Cocoa Leadership program. At
the same time, we continue to focus on free cash flow and returns.”
Sign up to Kennedy’s e-newsletter bringing you regular industrial confectionery technology alerts all year round.
Kennedy’s Confection Technology Alert Newsletter
7 OCTOBER 2016
It’s time to meet, share ideas, network and do business, held at the America Square Conference Centre, London
Click for more information and to register for an invitation for your free place at the world’s biggest industrial chocolate conference (conditions apply)
Sign up to Angus' irreverent weekly blog - Friday Light.
Bespoke writing projects, public speaking, consultancy, author of 8 books, media engagements, TV and more.
Visit Angus’ web site, sign up to his unpredictable blog and tune into the other side of your trusted editor!