B2B chocolate giant Barry Callebaut today (4 July) reported an 8% increase in sales volumes for the first nine months of its financial year, with growth, it said, across all regions.
The 8.2% rise in volumes for the period to 31 May beat a consensus forecast among analysts of a 7.3% increase.
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Barry Callebaut, citing Nielsen figures, said the company had “significantly outpaced” the market, which the data showed grew 1.9%. Revenue dipped 0.5% to CHF3.56bn (US$4.63bn) amid lower prices for cocoa.
“Key growth drivers were our strategic partnerships, emerging markets and the gourmet business,” Barry Callebaut CEO Juergen Steinemann said.
Shares in Barry Callebaut were up 0.74% at CHF890 at 10:58 CET.
At the weekend, Barry Callebaut closed its acquisition of Petra Foods’ cocoa ingredients business, which makes it the world’s largest cocoa grinder.
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By GlobalDataRival Archer Daniels Midland has admitted it is in talks over the possible sale of its own cocoa arm. Cargill has been linked to the business and is said to have conducted due diligence but has declined to comment.
