Barry Callebaut: solid performance in a challenging market
According to the company, Global Chocolate delivered 1.0% volume growth, ahead of a declining global chocolate confectionery market according to NielsenIQ (- 2.0%; NielsenIQ volume growth excluding e-commerce; 26 countries; August 2023 - January 2024; data subject to adjustment to match Barry Callebaut`s reporting period; NielsenIQ data only partially reflects the out-of-home and impulse consumption).
Food Manufacturers continued to be impacted by soft consumer demand in the context of the high-inflationary environment. Barry Callebaut was able to mitigate these pressures as its diversified business model allowed the Group to capture the consumer shift towards private label chocolate offerings. Gourmet & Specialties recorded high single-digit volume growth, with continued strong demand across regions, supported by BC Next Level initiatives. The largest contributor to Global Chocolate volume growth was Western Europe (+ 2.2%). Central and Eastern Europe (+ 3.5%) also saw a robust performance.
Sales revenue amounted to CHF 4.643 bn, up 19.6% in local currencies (+ 11.1% in CHF). Gross profit was CHF 663.1 m, up 8.6% in local currencies (- 0.2% in CHF). Operating profit (EBIT) recurring was solid and amounted to CHF 339.4 m, an increase of 7.9% in local currencies (- 2.6% in CHF) compared to the prior year.
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Launched in 2011, specialist journal sweets processing(sp) keeps confectionery business professionals informed about all the latest confectionery industry supply sector developments and features detailed articles about international companies and suppliers.
sp is the sister publication of SWEETS GLOBAL NETWORK’s SG-Magazine, the highly regarded and well established international confectionery business journal. sp covers all stages and aspects of the value added chain from material sourcing to production and packaging.
sp readership includes leaders and decision makers in charge of production, R&D, QM, purchasing and supply chain management, as well as chief executives and senior managing partners.
sp appears every two months in English and German. Circulation currently stands at 5,500. 3,000 of our subscribers are based abroad, mostly in other European countries. sp is now also available as an E-paper.
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International confectionery association SWEETS GLOBAL NETWORK e. V. (SG) is an established network of over 300 member companies based in ten countries. SG is the leading communication platform for confectionery professionals in German-speaking countries (Germany, Austria, Switzerland) and beyond. Meanwhile, most companies involved in manufacturing and retailing confectionery (wholesalers, specialist retailers, importers, brokers, producers) are members. All enjoy huge benefits, such as a range of high quality services and invitations to exclusive, member only events. There are an additional 40 supporting members active in the confectionery industry supply sector.
The International Sweets Business Forum in Berlin has taken SG well beyond the traditional territory of conventional training seminars and workshops. Social events, such as the New Year Reception in Munich or the ISM WARM UP held on the eve of the ISM in Cologne now rank as must-attend fixtures in the confectionery business year.
While acknowledging the growing significance of the global information and knowledge community, SG never loses sight of what’s going on at a local level. Articles in SG-Magazin and sweets processing, the SG-Newsletter (several times a week), annual publication of the SG-Directory and worldwide contacts bear witness to the pronounced internationality of the association.