- Cadbury sees margin growth of 80-100bps
- H1 operating profit up 19%
- Chocolate sales rise 10; better Q2 for gum, candy
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Cadbury, the UK confectionery giant, today (29 July) raised its margin expectations after half-year profits climbed 19%.
The company booked a 19% rise in underlying operating profit to GBP319m (US$522.3m) for the first six months of 2009.
On a constant-currency basis, revenue grew 4% to GBP2.77bn. Chocolate sales climbed 10%, while Cadbury said its gum and candy businesses had a “better” second quarter.
Cadbury stuck to its full-year sales forecast of revenue growth around “the lower end” of its 4-6% target.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHowever, the group upped its margin target and said it expects “stronger margin improvement” of 80-100 basis points at constant currency.
Click here for the full first-half statement from Cadbury. Check back for further coverage and executive comment later.
