The world’s largest chocolate producer, Barry Callebaut, has reported healthy fiscal year figures despite the strong franc impacting on sales and operating profit.This content was published on November 10, 2011 - 10:09
Net profit in the 12 months leading up to August 31 was SFr258.9 million ($284.9 million), a nine per cent increase on the previous year in the reporting currency of Swiss francs and a 19.8 per cent increase in local currencies. Turnover rose slightly by 0.7 per cent to SFr4.5 billion, and by 13 per cent in local currencies.
The company said growth was driven by higher demand for specialties products and fillings. Its Gourmet brand business was particularly strong in Asia-Pacific and Europe.
In Western Europe, the chocolate confectionery market was slightly negative in terms of volume growth (-0.3 per cent) towards the end of the fiscal year. In Eastern Europe the chocolate market grew by seven per cent.
CEO Jürgen Steinemann said it was “a particularly great result” in light of recent political upheaval in Ivory Coast, the leading producer of cocoa beans. He said he expected the market to grow further next year but at a lower rate, with raw material prices due to stay high and remain volatile.
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