CEO Peter Boone welcomed the results. He said: “With our strong team and sharpened business model, we are confident we will deliver on our mid-term guidance. We are well placed to continue our growth journey in a global market environment which, as expected, is still experiencing the ripple effects of COVID-19, including supply chain bottlenecks and the impact of an imbalanced cocoa market.”
Milestones
As the business noted it has achieved a number of strategic milestones recently, including strengthening its position in Latin America. After the successful launch of its global decorations brand Mona Lisa in Brazil, the largest decorations market in Latin America, Mona Lisa continued its geographical expansion by entering Mexico, representing its 50th global market
The company also recently unveiled its fifth Forever Chocolate progress report, marking the half-way point of its plan to make sustainable chocolate the norm by 2025. The report shows that the Group is scaling and partnering for change, executing innovative projects, supporting cocoa farming communities and driving measurable impact on the ground. Since 2016 the Group has reduced its carbon intensity per tonne of product by slightly more than –17%.
In addition, there was further success for the business as it increased the visibility of its global Gourmet brand Cacao Barry, by sponsoring the highly successful Netflix series “School of Chocolate,” which has been a fixture on our screens since last November.
