Barry Callebaut: improves profitability; market 'healthy'
(CercleFinance.com) - Swiss chocolate maker Barry Callebaut said it has improved its profitability in the first half of its fiscal year 2017/18, driven by a favourable mix, operational leverage and a more supportive market.
Sales reached 3.5 billion Swiss francs in the six months to February, with volume growth of 8% fueled by demand in emerging markets (+11%) and growth at its Gourmet & Specialities business, which supplies professionals.
Net profit over the period rose by 17.6% in local currencies to 173 million Swiss francs.
Looking ahead, Barry Callebaut said it continues to see healthy market dynamics, with good visibility for its portfolio.
Its shares were up 1% at 1,930 Swiss francs on the SIX market following these comments.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Sales reached 3.5 billion Swiss francs in the six months to February, with volume growth of 8% fueled by demand in emerging markets (+11%) and growth at its Gourmet & Specialities business, which supplies professionals.
Net profit over the period rose by 17.6% in local currencies to 173 million Swiss francs.
Looking ahead, Barry Callebaut said it continues to see healthy market dynamics, with good visibility for its portfolio.
Its shares were up 1% at 1,930 Swiss francs on the SIX market following these comments.
Copyright (c) 2018 CercleFinance.com. All rights reserved.