Zurich, Switzerland — During the past fiscal year, Barry Callebaut AG’s sales volume increased 6.3 percent, outpacing an overall global market that registered 1.9 percent gain in volume, according to the chocolate supplier.
Volume growth combined with a better product and customer mix across all regions were strong drivers of gross profit, which was up more than 17 percent during the period, according to Barry Callebaut. While volume and profits were up, sales revenue was flat as a result of lower raw material costs, which were passed on to the supplier’s customers.
Asia-Pacific had the fastest volume growth, increasing 16.2 percent on the back of solid gains in China, Japan and Indonesia, the supplier reports. Sales revenue was up more than 6 percent in the region. In the company’s Europe, Middle East and Africa region, volume sales increased nearly 7 percent, invigorated by strong results from the company’s Food Manufacturers and Gourmet segments. Sales volume in the Americas was up 6 percent, while revenue in the region increased 3.3 percent.
CEO Antoine de Saint-Affrique says: “The continued execution of our ‘smart growth’ strategy, good visibility on volume growth and healthy global demand give us confidence that we are well on track to achieve our mid-term guidance.”