27/01/2021 | Industry, Ingredients, International

Barry Callebaut reports “resilient results” in the first quarter

The Barry Callebaut Group reported – against a high prior-year comparison base – resilient sales volume of 560,354 tonnes, which corresponds to a decline of 4.3% during the first three months of fiscal year 2020/21 (ended November 30, 2020). According to the company, sales volume in the chocolate business continued to improve, with a slight decline of 1.8% to 447,704 tonnes. The key growth drivers Outsourcing (+ 2.6%) and Emerging Markets (+ 4.7%, excluding Cocoa) contributed positively and Gourmet & Specialties continued to recover (- 5.5%). Sales volume in Global Cocoa declined by 13.1% to 112,650 tonnes as a result of the continued focus on “smart growth”. Sales revenue in the first three months amounted to CHF 1.778 bn, a decline of 3.5% in local currencies (- 11.2% in CHF).

CEO Antoine de Saint-Affrique said: “In the first quarter of the fiscal year, we are pleased to report resilient results in a still challenging environment. The overall improving chocolate performance and the continued recovery in Gourmet show that we keep building momentum quarter to quarter. In still volatile markets, we continue to find new ways of doing business and seize opportunities while maintaining strict cost discipline. We see a gradual recovery, supported by our consistent focus on ‘smart growth’, our broad customer footprint and our strong innovation pipeline. This makes us confident that we can deliver on our mid-term guidance.”