Barry Callebaut, the business-to-business chocolate maker, has seen nine-month sales jump almost 19% as it continues to benefit from major outsourcing deals with the likes of Cadbury and Hershey.
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Revenue rose 18.6% to CHF3.6bn (US$3.5bn) for the nine months to 31 May, thanks to rising volumes and soaring raw material prices.
The company said its volume growth over the period – up 10% to just under 873,000 tonnes – was “more than three times the growth rate of the chocolate market”.
“The focus on our regional organisation is paying off and volumes will continue to significantly outpace the global chocolate market,” said CEO Patrick De Maeseneire.
Callebaut warned, however, that the weak US dollar and the fall in the value of the pound against the euro were hurting the export of gourmet chocolate to the US, the UK and Asia. To combat this, the company has decided to launch a locally-produced gourmet line in the US and Asia.
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By GlobalData
