Zurich — Total sales volume grew 17.6 percent for Barry Callebaut AG during the first half of this fiscal year, driven by incremental volume from the acquisition of Petra Foods Ltd., the company reports.
Standalone sales volume increased 3.1 percent to 768,352 metric tons, with the bulk of the growth coming from an increase in emerging market sales of 17.9 percent, according to Callebaut. Other factors that contributed to the gains were outsourcing and strategic partnerships, which had volume gains of eight percent, and performance from the Callebaut and Cacao Barry brands, which grew volume sales 10 percent.
Callebaut increased sales volume in the Americas by 8.5 percent with growth coming from all product groups despite extreme weather conditions, the company reports. Sales revenue in the region grew 7.3 percent, driven by higher sales volume, increased margins across the entire business, cost control and economy of scale effects in Latin America.
CEO Juergen Steinemann says: “We proceed to work toward the full integration of the acquired cocoa business. Achieving all identified synergies will remain our top priority.”
He adds that the company confirms its mid-term targets as well as expected earnings before taxes of about $33 million from the cocoa business acquired this past year.