Zurich, Switzerland — Barry Callebaut AG increases sales volume 2.4 percent during the first half of this fiscal year, lifted by a 3.1 percent gain in volume during the second quarter and 6 percent growth in sales revenue, the supplier reports.
The company’s Americas region had a 5.8 percent increase in sales volume, which was supported by growth in Food Manufacturers and Gourmet divisions, Barry Callebaut reports. In South America, the supplier’s Gourmet segment grew double digits with Brazil showing particularly strong momentum.
Sales volume growth also accelerated in regions Asia Pacific, up 5.7 percent, and EMEA, which grew 2 percent, according to the company.
Barry Callebaut CEO Antoine de Saint-Affrique says: “We have good visibility in our portfolio and expect a further acceleration in sales momentum. This makes us confident we can deliver on our current mid-term guidance. Going forward, we remain committed to achieving consistent above-market volume growth and enhanced profitability, which is why we renewed our mid-term guidance for the coming three fiscal years.”
While sales results were up, the supplier faced cost increases for key commodities including cocoa, which increased more than 10 percent year-on-year, a 37.3 percent increase in European sugar prices and a nearly 20 percent rise in diary costs during the past six months. Unfavorable weather and deteriorating production conditions, coupled with rising demand, were largely responsible for ingredient cost gains, Barry Callebaut reports.