Zurich, Switzerland — During the 2016/2017 fiscal year, Barry Callebaut AG increased sales volume 4.4 percent, well above global confectionery market growth of 0.1 percent, the chocolate supplier reports. Sales revenue was up 1.2 percent.
The business was spurred on by gains in key sectors including gourmet and specialties, outsourcing and emerging markets.
“A more supportive cocoa products market and slightly improving global demand for chocolate, together with the consistent execution of our strategy, gives us confidence to extend our mid-term guidance to fiscal year 2018/2019,” says Callebaut CEO Antoine de Saint-Affrique. “We are targeting 4 to 6 percent volume growth, and earnings before interest and taxes above volume growth in local currencies on average for the four-year period of 2015/2016 to 2018/2019, barring any major unforeseen events.”
In its Americas region, the chocolate supplier’s sales volume increased 2.2 percent, while the overall chocolate market returned relatively flat results. Sales revenue was up 1.5 percent in the region.