Barry Callebaut sales up despite slack chocolate market

9 years ago - Published in Finance, Forex

Turnover increased by 7.8% to 5.01 billion francs for Barry Callebaut in the first nine months of 2015-2016. The Zurich-based chocolate manufacturer has registered an increase of 4.2% of its sales volume to 1.38 million tons.

The result, achieved despite a worldwide market for sweets down 2%, can be attributed to a better range of products and to an increase in prices of ingredients, the group announced today. The performance goes a little over the average expectations of the financial agency AWP consulted analysts who expected an increase of 4.1% in sales volume and a turnover of 4.93 billion francs.

Barry Callebaut confirms its medium-term objectives, or rather an annual volume growth of 4-6% and an EBIT outpacing the growth in local currency volume.

"Our chocolate business performed particularly well, despite still sluggish demand for chocolate confectionery", said Antoine de Saint-Affrique, CEO of the Barry Callebaut.