financial performance
Tate and Lyle releases annual performance revealing upturn in profits
Global ingredients and solutions firm Tate and Lyle has released its latest annual performance figures, which have revealed a 2% rise in revenues for 2019, to £2.9 billion.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Symrise records upturn in quarterly results despite coronavirus pandemic
The German-headquartered Symrise Group, specialising in industry flavourings and fragrances, has reported buoyant first quarter results that revealed sales were up by 8.0% to €917.1 million (Q1 2019: €848.8 million).
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Mondelēz withdraws 2020 forecast yet reports quarterly improvement
Mondelēz International has reported a first quarter 2.6% rise in net revenues to $6.7 billion, though has withdrawn its forecast for the remainder of 2020 amid coronavirus-affected markets around the world.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Nestlé records improved growth figures despite disrupted global markets
Nestlé has released its first quarter figures that reveal 4.3% growth for the period, up to CHF 20.8 billion for the group, despite facing considerable challenges posed by the global coronavirus pandemic.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
The Glanbia group records strong quarter performance from its nutritional products
The Glanbia global nutritional ingredients and solutions group has issued an interim management statement revealing the business has performed strongly in the first annual quarter, recording revenue increases of 17%.
Symrise flavours and fragrances posts key annual sales growth to $3.2 billion
Symrise, the flavours and fragrance group, has posted a 5.3% increase in sales, to € 3.2 billion for 2018, with net income for the business also increasing, to a figure of over €275 million.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
German confectionery sector continues growth pattern
Despite ongoing challenges, there have been some encouraging signs for the German confectionery sector. Neill Barston examines the market, with additional reporting from Euromonitor International and the VDMA.
Business news, Cocoa & chocolate, Packaging, Processing, Sustainability
Tate and Lyle statement shows quarterly business growth
Ingredients business Tate and Lyle has released a trading statement projecting further growth for the international group, after a positive fourth quarter of 2018.
Optimism for confectionery market growth to 2022
With reports forecasting growth for the confectionery sector of more than 3% per year until 2022, there appears to be revived optimism within the industry.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Ferrero places sweetest ad for sixty sensory judges
In a move that has been described as potentially the ultimate role for chocoholics, Ferrero is advertising in Italy for a total of 60 product taste testers.
China continues pace of confectionery sector development
Major confectionery launches have made China one of the key confectionery markets to watch, as Asian consumers continue to demand a greater range of culinary experiences. Neill Barston reports