results
State of Treating report unveils future growth projection for US confectionery sector
Revenues for the US confectionery sector took another key step forward, attaining sales of $54.2 billion for 2024, despite wider challenges impacting the market amid a period of economic constraints, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory
Olam Group’s annual results impacted by headwinds, yet ofi division shows growth
The Olam Group has released its full year results that have yielded a mixed picture, with revenues up 16% to $56.1 billion, while net profits fell 52% to $216 million, amid global market headwinds, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Ritter Sport’s UK division records best-ever annual performance amid wider company growth
Ritter Sport UK has marked a strong financial performance for its British operations, recording its largest level of growth, up 50% year-on-year, as the wider business marks an upturn in its results, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Processing, Regulatory, Sustainability
Mondelēz outlines plans for growth and business development at key New York conference
Key plans for growth were outlined by Mondelēz International at the latest 2025 Consumer Analyst Group of New York (CAGNY) Conference, including continuing a strategy of revenue focused on core chocolate, biscuits and snacks ranges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Bühler CEO Stefan Scheiber welcomes improved annual results despite market turbulence
The CEO of Bühler, Stefan Scheiber, has welcomed positive annual group results for the Swiss equipment and systems group, which saw comparatively stable turnover of CHF 3 billion for 2024, marginally down 0.8% on the prior year, while net profits rose 6.3% to CHF189 million amid global market challenges, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Nestlé’s annual sales dip, as cocoa prices and weakened consumer demand impact results
Nestlé has released its latest annual figures for 2024, with group-wide sales down 1.8% for the year, at CHF 91.3 billion, against a backdrop of notable supply chain uncertainties and weakened consumer demand, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Ferrero posts strong annual results following major investment in global operations
Ferrero has delivered an upturn in its financial performance, as the company’s annual results revealed a 8.9% year-on-year increase in turnover to €18.4 billion, driven by broad category growth, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Hershey records upward growth across US and global sales with annual results
US confectionery giant, Hershey, has released its latest annual financial results revealing an upturn in performance, producing net sales of $11.2 billion, representing a modest increase of 0.3%, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory
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
Tony’s Chocolonely annual report reveals revenue upturn and progress tackling child labour
Tony’s Chocolonely has unveiled its latest Fair report and annual results, achieving revenue increases of €50 million, a 33% year-on-year rise to a total of more than €200m for the past financial year, writes Neill Barston.
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.