performance
Mondelez reveals annual results upturn, despite wider economic uncertainties
Global confectionery and snacking group, Mondelez International has released its full-year results for 2024, that have shown annual growth of 4.3%, to $36.4 billion, against a backdrop of turbulent international economies, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Denmark’s Lakrids by Bülow gains annual sales boost despite retail headwinds
Innovative Danish liquorice brand, Lakrids by Bülow has reported a strong performance for 2024, with results for the year delivering 18% growth, attaining its highest ever revenues of over €50 million, despite a backdrop of ongoing retail sector challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Flavours group Givaudan reports major annual sales growth, as it enhances eco performance
Global flavours and fragrances business, Givaudan has reported a key upturn in sales, increasing 12.3% to CHF7,412 million, against its performance in 2023, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Lindt & Sprüngli records strong sales growth for 2024, despite cocoa pricing challenges
Swiss premium chocolate business Lindt & Sprüngli has reported strong sales revenue increases for 2024, rising by 5.1% to CHF 5.47 billion for the year, despite considerable headwinds from high cocoa prices, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Italian packaging machinery sector posts strong annual performance
Encouraging annual results have been posted by the Italian packaging technology sector, which is set to close 2024 with a strong performance, delivering a 3.5% annual upturn to €9.5 billion, according to the country’s sector body, UCIMA, writes Neill Barston.
International Cocoa Organisation reports downturn in global production volumes
The International Cocoa Organisation has released its latest revised estimates for the last two years of world production, grindings, and stocks of cocoa beans, revealing that volume supply has dropped 13% to 4.38 million tonnes globally in the past twelve months, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory
Nestlé posts downturn in results, despite confectionery sales remaining resilient
Nestlé has released its latest results, with the company’s nine-month figures revealing sales of CHF 67.1 billion, down 2.4% from 68.8 billion for the same period last year, amid a warning from CEO Laurent Freixe that ‘demand would remain soft’ given weakened consumer spending, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Symrise posts strong nine-month results, as it releases chocolate-enhanced nutrition offering
Fragrance, flavour and nutrition group, Symrise, has reported a 5.9% upturn in its nine-month performance with its global sales up to €3.8 billion, with revenues performing well across its operations, including for confectionery, writes Neill Barston.
Hershey records second quarter sales dip amid challenging markets
Hershey has released its latest second quarter results, that reveal net sales of $2.07 billion for the period, with sales down 16.7% year-on-year, attributed to higher key ingredients costs and a shopper caution amid challenging economies, reports Neill Barston.
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