Zurich / CH. (bc) During the first half of fiscal year 2008/2009 Barry Callebaut AG succeeded in significantly increasing its profitability in an exceptionally difficult environment. Sales volumes remained stable at 611’920 tonnes in a declining global chocolate market. The period under review was characterized by adverse currency effects, in particular the weakening of the Euro, Pound Sterling and the US-Dollar currencies against the group´s reporting currency, Swiss Franc. In local currencies sales revenue grew by 4,7 percent, while operating profit (EBIT) rose 17,6 percent. In Swiss Francs, sales revenue came in at 2’543,1 million CHF and EBIT rose to 218,6 million CHF. The strong profitability increase was achieved thanks to margin improvements, tight cost control, efficiency measures and the beneficial impact of higher cocoa product margins. Net profit rose 23,2 percent in local currencies. Net profit increased to 143,4 million CHF.
Financial Statement Release: «Barry Callebaut reports results for first six months of fiscal year 2008/2009 – Increased profitability in recessionary markets»
OTHER TOPICS FROM THIS SECTION FOR YOU:
- SSP Group: announces Third Quarter Trading Update 2024
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy