performance
Symrise posts encouraging half-year results across flavours and ingredients divisions
Flavours, ingredients and fragrance group Symrise has recorded strong first-half results for 2024, with sales up 6.3% to $2.5 billion, which it attributed to a strong focus on materials usage and wider business efficiencies, writes Neill Barston.
Hershey moves to strengthen its science-based targets environmental performance
After unveiling key environmental targets in its latest ESG report, Hershey has moved to enhance its 2030 science-based greenhouse gas (GHG) emissions, attaining a total of 43% of its goals, which it is seeking to accelerate, writes Neill Barston.
Mondelēz International posts first quarter upturn, despite ongoing market challenges
Mondelēz International has reported a net revenue increase of 1.4% to $9.29 billion for the first quarter of 2024, reflecting an upturn in performance from its European and Latin American operations, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory, Sustainability
Nestlé posts sales dip, amid ongoing global supply chain challenges
Nestlé has reported trading challenges in the first quarter of 2024, with sales of CHF 22.09 billion, down 5.9% against CHF23.4bn for the same period last year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts 11% sales growth, while operating profits drop amid challenging global markets
Swiss-headquartered Barry Callebaut has reported six-month sales growth of 11.1% to CHF 4.6 billion, amid a challenging backdrop that also saw its operating profit drop by 40% to CHF 178million for the period, which it attributed to investment in company restructuring, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
State of the Industry reflections: John Downs, NCA’s president and CEO interview
Seeming in relaxed form, John Downs concluded the event with some added notes of motivation for the assembled audience, reaffirming his view that there’s plenty of dynamism and determination that will see the industry within the US through its various supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Regulatory, Sustainability
Tate & Lyle’s annual revenues hit by weaker consumer demand
The global Tate & Lyle Plc group has released its latest trading update for the year ending March 2024, with the business impacted by challenging conditions as revenue fell 4% year-on-year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Walker’s shortbread marks 125th anniversary year with turnover upturn
Scotland’s Walker’s Shortbread is in celebratory mood after witnessing its annual turnover climb by 16%, rising from £142.4m to £164.6m, driven by US and UK markets, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Sustainability
Kerry confirms Australian sites have delivered on renewable energy strategy
Taste and nutrition group Kerry has confirmed that electricity in its Australia sites is now fully aligned to 100% renewable sources, further boosting its environmental performance, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability
Key confectionery leaders to explore sector goals at NCA’s State of the Industry Conference
US confectionery leaders are set to assemble in Miami this weekend for the National Confectioners Association’s State of the Industry Conference, placing a critical spotlight on this year’s major market trends and developments, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Nestlé anticipated to raise prices amid challenging market conditions with annual results
Nestlé is anticipated to raise prices further this year, following increases on flagship ranges including KitKat, as the company noted challenging trading conditions that have impacted on its international operations, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory, Sustainability
Mondelēz hails annual growth, with European and US operations performing strongly
The European and US operations of Mondelēz International helped secure improved annual net revenues up 9.7% to $31.49 billion, as the business also delivered encouraging results for its fourth quarter, reports Neill Barston.
Hershey records second quarter growth, despite supply chain and ingredients challenges
Hershey has reported sales growth for the second quarter of its financial year, with net sales of $2.34 billion for the period, representing a 19.3% increase, despite a backdrop of challenging wider market conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Barry Callebaut posts significant performance upturn with half-year results
A key upturn in financial performance was recorded by the Barry Callebaut Group for its latest half-year results, with sales revenues increasing 15.8% to CHF 4.03 billion, and net profits rising 3.6% to CHF 212.1 million, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory