Barry Callebaut, the world’s largest B2B chocolate maker, today (4 November) posted “top results” for its fiscal year with profits up almost 11% and its growth in volumes outpacing the market.

The Switzerland-based business posted a 10.9% rise in net profit to CHF251.7m (US$258.8m) for the 12 months to the end of August. Barry Callebaut’s operating profit increased 5.6% to CHF370.4m.

Revenue rose 6.8% to CHF5.21bn, buoyed by a 7.6% rise in volumes, the chocolate maker said.

CEO Juergen Steinemann said: “We have managed to deliver top results. Market conditions were challenging with a still rather fragile world economy, a flat global chocolate market, high raw material prices and important currency fluctuations. Our growth strategy based on the three pillars of expansion, innovation and cost leadership, together with our robust business model, have allowed us to cope well with all these market challenges.”

Click here for the full statement from Barry Callebaut.

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

Tick here to opt out of curated industry news, reports, and event updates from Just Food.

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.