Barry Callebaut has reported sales volume for its fiscal year 2018/2019 up 5.1%, which it says is well above market growth.
Sales revenue was CHF 7.3 billion, up 7.8 % in local currencies (5.2% in CHF). Operating profit (EBIT) was up 11.9% in local currencies (8.5% in CHF). Net profit increased 14.2% in local currencies (10.4 % in CHF).
Callebaut CEO delighted by strong results
CEO Antoine de Saint-Affrique said: “I am delighted to announce another set of strong results, with profitable growth and good cash generation. We are also proud to have successfully delivered on our mid-term guidance, which was on average 4-6% volume growth and EBIT above volume growth in local currencies for the 4-year period 2015/16 to 2018/19. On average, we have achieved above-market volume growth of +4.5% and EBIT growth in local currencies of +13.9% per year. These achievements confirm the strength of our long-term ‘smart growth’ strategy.”
“Going forward, we remain committed to pursuing our successful ‘smart growth’ strategy. Good growth momentum, a strong innovation portfolio and discipline in execution make us confident of delivering on our renewed mid-term guidance. This is 4-6% volume growth and EBIT above volume growth in local currencies on average for the 3-year period 2019/20 to 2021/22, barring any major unforeseen events, which is consistent with our prior mid-term guidance.”