Sales and profits up at Barry Callebaut

04 April, 2014

European sales and profits were up for Barry Callebaut, the global cocoa business, in its first half, the company has revealed.

It said sales volumes increased by 0.3% for the 6 months to 28 February and that its operating profit for the region also grew by 6.1% to CHF 135.7m (£91.1m) during the period.

“In the EEMEA region, the industrial business recorded very strong growth, mainly in Russia, Turkey and the Middle East. Also the Gourmet business showed robust growth, in particular in Russia,” it added.

Globally, Barry Callebaut said it sales volumes went up by 17.6%, being driven by the acquisition of Petra Foods, to 876, 297 tonnes. Sales were also up to CHF2.9bn.

Juergen Steinemann, the cocoa company’s chief executive, said: "We continue to focus on profitable growth based upon our four pillar strategy. Furthermore, we proceed to work towards the full integration of the acquired cocoa business. Achieving all identified synergies will remain our top priority. We confirm our mid-term targets as well as the expected EBIT contribution of about CHF30m from the acquired cocoa business for this fiscal year."

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