financial results
Tate & Lyle posts strong half-year performance results with key industry solutions
Industry solutions group Tate & Lyle has recorded a notable upturn in its latest six-month results, recording revenues of £656 million, an increase of 19%, compared to the same period last year.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Mondelēz International records key nine-month upturn bolstered by major acquisitions
Mondelēz has revealed a performance boost with its nine-month results, recording net revenues increasing 7.8% to $7.2 billion for the period against the previous year, bolstered by several key acquisitions including Hu, Grenade and Gourmet Food, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Symrise flavours and fragrances posts improved half-year results despite pandemic
Global flavours and fragrances group Symrise has reported strong half-year earnings, with sales increasing 4.8% to €1.9 billion, along with organic growth reported at 9.7%, writes Neill Barston.
Business news, Ingredients, New products, Processing, Sustainability
Hershey sees major sales growth across its global markets
A key upturn in performance for US-based confectionery group Hershey, has seen increased consumer demand see results quarterly figures increase 16.5% year-on-year, to $1.99 billion, according its latest results, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Mondelēz records strong quarterly growth boosted by key business acquisitions
Mondelēz International has posted a key upturn in financial results for its second quarter, with net revenues up 12.4% to $6.6 billion for the period, despite a backdrop of broader trading challenges, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Tate & Lyle records encouraging annual results amid unprecedented challenges
Tate and Lyle PLC has recorded encouraging annual results, despite a ‘year that had tested us like no other’ according to CEO Nick Hampton, with revenues holding comparatively steady at £2.8 billion for the financial year ending March 31, 2021, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Mondelēz records key revenue upturn despite covid trading challenges
Mondelēz International’s first quarter results for 2021 have shown the global snacks and confectionery firm increased net revenues by 7.9% to $7.2 billion, revealing a continued upturn despite continuing pandemic conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability
GEA group’s annual results reveal key market challenges
The GEA equipment and systems group has released its 2020 performance figures, recording revenues of €4.6 billion in 2020, against €4.83 the previous year, as the business came to terms with the ongoing pandemic, reports Neill Barston.
Hotel Chocolat records growth across its global business
The Hotel Chocolat Group has released its latest half year results for the period ended 27 December 2020, with revenues up 11% to £101.9m and gains across its global markets, writes Neill Barston.
Olam Group reports improved 2020 revenues despite pandemic conditions
The Olam Group has released its annual results, reporting revenues of $35.8 billion, up 8.6% year-on-year, as the business moved to tackled pandemic conditions, reports Neill Barston.
Barry Callebaut projects market recovery despite results turbulence
Barry Callebaut has confirmed that despite pandemic-affected conditions recording a 4.3% first quarter dip in sales volume to 560,354 tonnes, and 3.5% drop in revenue to CHF 1.78 billion, the business remains confident in its mid-term projections, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Food and Drink Federation issues further plea for support as exports continue to fall
The UK’s Food and Drink Federation (FDF) has issued an urgent plea to government for enhanced assistance to businesses as latest figures show exports fell by 11.6% for the third quarter, to £5.5 billion, year-on-year, owing to the pandemic, reports Neill Barston
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut reports Q4 upturn after unprecedented conditions during 2020
The Barry Callebaut Group has reported a fourth quarter recovery of 4% in its annual trading results, after the business acknowledged “unprecedented conditions” had impacted upon revenues for the first half of its financial year, writes Neill Barston
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Hershey records key sales boost as consumers turn to treats amid coronarvirus pandemic
US confectionery giant, Hershey, has reported an improved third-quarter financial position amid the ongoing pandemic, gaining a 4% net sales boost to $2,219.8 million, reports Neill Barston
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Sustainability