financial results
ABICAB president projects positive outlook for Brazilian confectionery market
Ubiracy Fonsêca, president of ABICAB, the Brazilian Chocolate, Peanuts and Candies Industry Association, has projected a positive outlook for 2019’s national confectionery market. Neill Barston meets him at ISM to discuss the fast-growing confectionery sector
Ferrero posts improved €10.7 billion turnover for its global confectionery operations
Italian-based Ferrero International S.A, parent company of the Ferrero Group, has reported continued growth, with a 2018 financial turnover of €10.7 billion, up 2.1% year-on-year.
Business news, Cocoa & chocolate, New products, Sustainability
The Hershey Company records upturn in annual confectionery sales
US-based confectionery business, The Hershey Company, has projected positive growth for 2019, with net sales of $7,8 billion for 2018, marking a 3.7% over the previous year’s performance.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Bühler strengthens its strategic position and continues to grow
The Bühler Group has released its annual results for 2018, revealing continued its positive development following the integration of Haas and creation of its Consumer Foods division.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Mondelēz International posts growth with $26 billion annual revenues
Global confectionery group Mondelēz International has reported an annual net revenue increase of 0.2%, to $25.9 billion across its business activities across the world.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Sustainability
Olam records lower profits amid trading challenges
Olam International, the global cocoa and ingredients business, has reported a third quarter dip in profits, down 14.2% to $20.7 million and nine month profits down 13.6% to $272.6 million, which it attributed to ongoing challenging trading conditions.
Barry Callebaut posts annual growth despite market challenges
Barry Callebaut’s annual results have posted a 0.1% increase in sales revenue, to CHF 6.9 billion, and a net 31% rise in profits, to CHF 357.4 million, supported by growth in key global markets. Neill Barston reports
Business news, Cocoa & chocolate, New products, Sustainability
Olam remains optimistic despite drop in half-year profits
Global ingredients supplier Olam has reported profits of $251 million €217m) for the first half of 2018, down 13.6% year-on-year.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Mondelēz International posts solid second quarter growth
Mondelēz International has reported a second quarter financial upturn for its global confectionery business, with net revenues for the period up 2.1%, to $6.1 billion (€5.2 billion).
KitKat trademark case set to return to the court of appeal
Nestlé’s latest bid to gain a trademark on the shape of Kit Kat’s four-fingered shape has suffered a setback, as the European Court of Appeal failed to uphold its claim yesterday.
Chr Hansen reports revenue growth amid US expansion
Global ingredients business Chr Hansen has reported revenues of €518 million for the first half of 2017/18, up 3% year-on-year.
Results season brings a degree of optimism
As with all sectors of industry, financial results seasons appear to come around at an extremely rapid rate.