Barry Callebaut Group reports on full-year results for 2020/21
Swiss-headquartered Barry Callebaut Group has released its full-year results for the fiscal year 2020/21, reporting healthy growth for its chocolate and cocoa business.
In fiscal year 2020/21 (ended August 31, 2021) Barry Callebaut achieved healthy volume growth of +4.6% to 2,191,572 tonnes. The chocolate business surpassed the pre-Covid levels of 2018/19 and with a volume growth of +6.5% clearly outpaced the underlying global chocolate confectionery market (+1.8%).
The company reports that volume growth was supported by all Regions (Asia Pacific +8.7%, Americas +7.9%, EMEA +5.5%) and all key growth drivers, Outsourcing (+4.5%), Emerging Markets (+9.7%) and a particularly strong performance of Gourmet & Specialties (+18.3%). Sales volume in Global Cocoa improved in the second half of the year, reducing the decline for the year under review to –2.6%.
Sales revenue increased by +8.7% in local currencies (+4.6% in CHF) to CHF 7,207.6 million.
Gross profit grew faster than sales volume and amounted to CHF 1,147.2 million, up +10.8% in local currencies (+7.9% in CHF) compared to prior year. The healthy volume growth, in particular in Gourmet & Specialties, had a positive impact on the mix, reports the Group.
Peter Boone, CEO of the Barry Callebaut Group, said of the company’s future outlook: “Smart growth will continue to be at the heart of our long-term strategy execution with a focus on returns and cash generation. By leveraging our global footprint, industry-best innovation, cost leadership, and impactful sustainability solutions, we are on track to accelerate up the value ladder. This makes us confident we will deliver on our mid-term guidance.”