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Callebaut reports strong profit, accelerating growth
Barry Callebaut has reported what it describes as “strong profitability and accelerating growth momentum” for the half year, with sales volume up 2.4% on top of a strong prior-year base and sales revenue of CHF 3.7 billion, up 6.0% in local currencies (3.5% in CHF).Operating profit (EBIT) was up 12.4% in local currencies (8.9% in CHF). Net profit was up 18.8% in local currencies (15.1% in CHF). The company said it was on track to deliver on current mid-term guidance.
“We saw an acceleration of volume growth in the second quarter, which, combined with the consistent execution of our ‘smart growth’ strategy, delivered a strong profit increase,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group.
Looking ahead, de Saint-Affrique said: “We have good visibility in our portfolio and expect a further acceleration in sales momentum. This makes us confident we can deliver on our current mid-term guidance. Going forward, we remain committed to achieving consistent above-market volume growth and enhanced profitability, which is why we renewed our mid-term guidance6 for the coming three fiscal years.”