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Barry Callebaut 2013 Volume Up, Net Profit Down

November 7, 2013
by candyandsnacktoday

Zurich — Barry Callebaut today reported 11.4 percent growth in sales volume and an 8.3 percent increase in gross profits for the 2012-2013 fiscal year ending August 31.

Annual sales volume over the 12-month period reached $1.5 million metric tons from 1.37 metric tons the previous year, and sales revenue cleared $5.3 billion, up from $5.2 billion in 2012. However, net profit slipped 5.4 percent from $262 million to $249 million.

CEO Juergen Steinemann says: “I am proud of the excellent volume growth we have achieved, notably with strategic partnership agreements, in emerging markets, and in our gourmet business. This growth is even more remarkable against the background of a challenging market environment in some regions.” He added integration of Singapore-based Petra Foods, which the company purchased in July, “is progressing well.”

Excluding the Petra acquisition, sales volume rose 8.7 percent for the first half of 2013, and operating profit for that period rose 4.2 percent.

The company anticipates long-term volume growth of two percent and announced its intention to move to more globally balanced sourcing from origin countries, expanding its presence in emerging markets, and delivering a comprehensive product offering.

In the Americas, volume growth rose almost 17 percent in spite of stagnant markets, with growth driven across all markets and product groups. Sales revenue increased 6.4 percent to $1.3 million, which the company attributes to lower average raw material prices for most of the year. Brazil achieved double-digit top-line growth, Barry Callebaut reported.

Global sourcing and cocoa rose 14.5 percent, and the company retains its position as world leader in both cocoa grinding capacity and industrial chocolate in the open market.

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