financial results
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
Mondelēz International records strong quarter performance amid turbulent markets
Mondelēz International has recorded net third quarter growth of 4.9%, to $6.7 billion for the period, forecasting an improved performance for its full-year 2020 results, despite ongoing pandemic conditions, reports Neill Barston
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
CEO of Hotel Chocolat praises staff as business records revenue upturn
The CEO of Hotel Chocolat, Angus Thirlwell, has revealed he is ‘incredibly proud’ of its teams, as the business posts a revenue boost in spite of the coronavirus pandemic, reports Neill Barston
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Glanbia Nutritionals acquires Canadian Foodarom flavour business
Glanbia Nutritionals, a subsidiary of Irish-based Glanbia plc, with product ranges within the snacks segment has forged a deal to acquire Canada’s Foodarom, specialising in flavour designing and manufacturing across the sector.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Symrise claims success in joint venture with Kellogg for sustainably sourced vanilla
A partnership between US snacks and cereals producer Kellogg Company and Symrise flavour and fragrance group has seen a three-year project in Madagascar deliver 100% of Kellogg’s vanilla ingredients from sustainable sources, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Nestlé reports organic growth amid challenging pandemic conditions
Nestlé has reported a pattern of 2.8% organic growth in its six-month financial trading figures, yet despite a positive start to the year, its sales revenues fell for the period as the business adjusted to operating in testing pandemic conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products
Mondelēz International results impacted by ongoing pandemic conditions
Mondelēz International has released its latest quarterly figures that have produced revenues of $5.9 billion, a dip of 2.5% which it attributed to unfavourable currency impacts, as well as ongoing uncertainty surrounding the coronavirus crisis, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, New products, Processing, Regulatory, Sustainability
Hotel Chocolat records trading upturn despite coronavirus challenges
The UK-based premium brand Hotel Chocolat has reported a year-on-year upturn in revenues of 3%, to a figure of £136 million, despite recording a dip amid the coronavirus pandemic.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Tate & Lyle reports challenging market conditions for industry ingredients and solutions
The Tate & Lyle ingredients and industry solutions group has reported challenging global market conditions, as the business continues to evolve its strategies during the ongoing coronavirus pandemic, reports Neill Barston.
Business news, Ingredients, New products, Processing, Regulatory, Sustainability
Barry Callebaut records revenue upturn, though warns of coronavirus financial headwinds
Half-year sales revenues for the Swiss-headquartered Barry Callebaut chocolate and cocoa processing group have risen by 5.8% to CHF 3.8 billion, for the period ending February 2020.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Olam reports major profits growth for its global operations
Olam International has reported its latest annual figures, recording a 62% year-on-year increase in profits, to $564 million for its 2019 global operations.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Bühler group records upturn in profits amid key sustainability focus
The Swiss-based Bühler group has reported a stable level of turnover for 2019, at CHF 3.3 billion, driven by a notable contribution from its recently formed consumer foods division over the past year, against challenging global economies.
Business news, Cocoa & chocolate, New products, Processing, Regulatory, Sustainability
Mondelēz International reports financial quarter upturn
Mondelēz International has reported an encouraging financial quarter, with net revenues increasing 2.1% to $6.9 billion, attributed to a boost from organic sales growth totalling 4.1%.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Hotel Chocolat records sales boost despite rising costs
The UK-based Hotel Chocolat Group has recorded an upturn in sales figures over the past six months, despite rising supply costs.