A good year for Barry Callebaut
The Barry Callebaut Group has announced its full-year results for fiscal year 2013/2014, ending 31 August 2014.
Highlights are:
sales volume boosted by acquired cocoa business: up 11.8 per cent, supported by emerging markets, Gourmet and outsourcing
strong profit growth: earnings before interest and taxes (EBIT) up 21.4 per cent, net profit up 14.5 per cent
successful global integration of acquired cocoa business; profit contribution and synergies on track
mid-term financial targets confirmed.
Juergen Steinemann, CEO of the Barry Callebaut Group, says: “We achieved another record year, both top and bottom-line. Our sales volume was boosted by the acquired cocoa business, and further supported by our three growth drivers – emerging markets, Gourmet and strategic partnerships. With 2.9 per cent volume growth on a stand-alone basis, we grew faster than the global chocolate market. Over the last two years we have increased our focus on margin improvement. This has paid off, with EBIT and net profit growing at a double-digit rate. I am very pleased with the successful global integration of the acquired cocoa business as well as its profit contribution already in the first year.”
