Barry Callebaut's half-year results: Accelerating volume growth, strong profitability
- Sales volume picking up: +2.0% (+3.9% in Q2), outperforming a currently weak global chocolate confectionery market (-1.5%1)
- Significant profit increase: EBIT up 8.7% (+13.0% in local currencies), net profit up 10.7% (+16.3% in local currencies)
- Solid top- and bottom-line growth driven by Western Europe and Americas, outsourcing and Gourmet
- Mid-term financial targets confirmed,2 subject to currency translation impacts
Juergen Steinemann, CEO of the Barry Callebaut Group, said: "As forecasted, we had a good second quarter after a slow start to the year. Our volume growth accelerated, much in contrast to the currently weak global chocolate confectionery market. All growth drivers contributed to our growth, especially outsourcing & partnerships and Gourmet. Our business in our main regions Western Europe and Americas performed particularly well. Despite a weak cocoa products market and a negative currency translation effect, we significantly improved our profitability thanks to our continued focus on product mix, margins and cost management."
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