Barry Callebaut: 9-month sales FY 2013/14 - Cocoa Acquisition Drives Strong Volume Expansion
July 3, 2014 - London
Barry Callebaut /Barry Callebaut: 9-month sales FY 2013/14 - Cocoa Acquisition Drives Strong Volume Expansion . Processed and transmitted by NASDAQ OMX Corporate Solutions.The issuer is solely responsible for the content of this announcement.
Barry Callebaut achieved a strong sales volume growth driven by the acquired cocoa business (+15.8% to 1,288,365 tonnes); on a stand-alone basis volumes grew +2.4% - in-line with global chocolate market. Strategic investments are paying-off, with significant volume growth in emerging markets and the Gourmet business. The integration of the cocoa business is on target, synergies confirmed. Sales revenue increase based on Barry Callebaut's cost-plus model: higher raw material prices resulted in an increase in sales revenue (+22% to CHF 4,318.7 million; +6.8% to CHF 3,782.7 million stand-alone).
Juergen Steinemann, CEO of Barry Callebaut, said: "I am satisfied with our third-quarter volume growth which was driven by the acquired cocoa business, emerging markets and our Gourmet business. As we continued to focus on increasing our product margins, we concentrated on selective growth in developed markets. While the cocoa powder market remains challenging, we are very satisfied with the integration of the acquired cocoa business."
The complete news release can be accessed in a PDF version via this link.
Website version (including high-res pictures to download)
Head of Media Relations
Barry Callebaut AG
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barry Callebaut via Globenewswire