financial results
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
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