Germany’s oldest chocolate factory Halloren posted 36% earnings before tax (EBT) improvement during the third quarter, driven by strong sales of its Halloren Kugeln range as well as improved use of its production capacity.

For the third quarter, EBT reached EUR790,000 (US$1.08bn), while EBIT reached EUR1.7m against EUR370,000 in the same quarter of last year.

Turnover grew 18.2% during the quarter to reach EUR39.8m, and the company said operating income improved by 16.2% to EUR41.7m.

The company said sales of its Halloren Kugeln range “contributed significantly to sales”, while private label sales increased 12.9% over the previous year to reach EUR17.5m.

The company said that despite the “still tight” raw material situation with increased prices on dairy, sugar, hazelnuts and almonds, it expects to meet its forecast of matching the prior year’s EBT numbers.

For the full earnings release click here.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.