financial results
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.
Barry Callebaut reports first quarter financial upturn
The Swiss-headquartered Barry Callebaut Group has made financial first quarter gains, increasing its sales volumes by 8.2% to 585,620 tonnes, with revenues also up 8.7% to CHF 2 billion for the period.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Quarterly growth achieved by Mondelēz International’s snacks business
Mondelēz International has recorded third quarter net venue growth of 1.1%, to a figure of $6.3 billion amid extensions to its global product portfolio.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Nestlé records nine-month growth amid renewed drive tackling deforestation
The Nestlé group, which manufacturers key confectionery brands including KitKat, has confirmed that for the first nine months of its present financial year, the company has seen 2.9% overall sales growth, to CHF 68.4 billion.
Mondelēz forecasts growth for the remainder of the year
Mondelēz International has increased its financial outlook for the remainder of 2019, forecasting 3% growth over the next six months for the business.