The company’s sales for the first six months of the year were reported at CHF 3.4 bn, an increase of 7.9 % on a like-for-like basis and 4.7 % in CHF. The Taste & Wellbeing segment reported sales of CHF 1.8 bn, an increase of 6.1 % on a like-for-like basis and 2.5 % in CHF.
Givaudan’s gross profit increased by 8.9 % from CHF 1.4 bn in 2020 to CHF 1.5 bn in 2021. Due to high operating leverage related to the strong sales volume growth and cost discipline, the gross margin increased to 43.9 % in 2021 compared to 42.2 % in 2020.
“I am really pleased with our strong performance in the first half of 2021, with all parts of our business contributing to the excellent financial results and a strong contribution from our 2025 strategic growth areas,” says CEO Gilles Andrier. Among its targets for 2025, Givaudan is aiming to achieve organic sales growth of 4 to 5 % on a like-for-like basis and free cash flow of at least 12 %, both measured as an average over the five-year period strategy cycle.
In addition, the Swiss chocolate giant is moving toward 100 % sustainably sourced cacao within this product range. These developments along both supply chains are hailed as important steps toward the company’s 2025 “Forever Chocolate” sustainability goals.
Barry Callebaut’s “Better For You” portfolio includes – but is not limited to – sugar solutions (sugar-free, reduced sugar and no sugar added), high-protein, dairy-free and organic solutions. The portfolio has seen high growth and innovation in recent years, the supplier highlights. Barry Callebaut and Prova will fund and support local communities through social, health and education programs.
The award was made as part of the “Germany’s Best – Sustainability” study conducted by the IMWF (Institute for Management and Economic Research) on behalf of Focus Money and Deutschland Test. The study looked at around 24,000 companies and brands in the period from March 2020 to February 2021. The criteria of the award, which gives equal weight to the areas of ecology, economy and social issues, prove that sustainability goes far beyond environmental protection.
Stevia extract is one of several options that Tereos has been offering to meet customers’ sweetening needs. The company’s product portfolio includes sweetness options, bulking agents, fibres and proteins, which add up to a complete set of solutions supported by proven reformulation expertise. By combining Tereos’ solutions with Firmenich’s range of stevia extracts and building on high expertise in taste, this agreement further accelerates Tereos’ innovation in sugar reduction.
Live, in-person technology in action for the first time in 18 months is just one of the many features of the only comprehensive packaging and processing trade show in the world this year: Pack Expo Las Vegas and Healthcare Packaging Expo (27 to 29 September).
In today’s manufacturing environment, processing and packaging often come together as an integrated system, making it more critical than ever to bring both packaging and processing solutions under one roof. To meet this growing need, The Processing Zone returns with front-of-the-line solutions such as homogenizing, heat treating, forming/sizing and coating to help increase efficiency, achieve total system integration and ensure food safety. New in 2021 is the Processing Innovation stage, focusing on the latest processing breakthroughs.
Additional pavilions include the Package Printing Pavilion, showcasing the latest in cost-effective digital printing solutions, The Containers and Materials Pavilion, displaying the latest in new recyclables and bio-based materials, printable films, flexible, resealable and plant-based packaging, The Reusable Packaging Pavilion, highlighting sustainable packaging solutions, and the Confectionery Pavilion, home of the Candy Bar Lounge, sponsored by Syntegon Packaging Technology and hosted by the National Confectioners Association (NCA).
Since first joining TNA in 2016 as General Manager for Australia, Magdi El Dessouky has held various key positions across Europe, the Middle East, the US, Africa and Australia, developing valuable experience along the way. In his new role, he will assist customers based in North Africa, helping them to optimize their packaging and processing solutions with the latest innovations TNA has to offer.
This is the first significant upturn in the market after eight consecutive quarters of decline. This even exceeds the result of 2018 (356,109 t), which was the strongest second quarter so far since 2009.
“The opening of our third factory further strengthens our presence in Russia and underlines our commitment to the world's third-largest chocolate confectionery market,” said Rogier van Sligter, Co-President EMEA at Barry Callebaut. Apart from the factory in Kaliningrad, Barry Callebaut’s footprint in Russia includes two factories, one in Chekhov, Moscow region, and another in Kasimov, Ryazan region.