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.