Barry Callebaut: confirms guidance as volume growth rises
(CercleFinance.com) - Chocolate and cocoa product maker Barry Callebaut confirmed its medium-term guidance, saying that its good momentum is continuing.
Net profit for the fiscal year 2018/2019 - excluding a one-off effect of an early bond repayment - rose by 14.2% in local currencies to 394.7 million Swiss francs.
Sales volume growth at the Zurich-based company was 5.1% in the fiscal year ended 31 August, with, as expected, a stronger contribution in the second half of the year.
Sales volume in the chocolate business grew by 5.9%, easily outperforming the global chocolate confectionery market (+1.8%), the group noted.
Barry Callebaut confirmed its medium-term targets of 4%-6% volume growth, with earnings before interest tax exceeding volume growth in local currencies on average through to 2021/2022.
Barry Callebaut's shares, which have risen by over 31% so far this year, were trading down 3.5% today.
Copyright (c) 2019 CercleFinance.com. Tous droits réservés
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Net profit for the fiscal year 2018/2019 - excluding a one-off effect of an early bond repayment - rose by 14.2% in local currencies to 394.7 million Swiss francs.
Sales volume growth at the Zurich-based company was 5.1% in the fiscal year ended 31 August, with, as expected, a stronger contribution in the second half of the year.
Sales volume in the chocolate business grew by 5.9%, easily outperforming the global chocolate confectionery market (+1.8%), the group noted.
Barry Callebaut confirmed its medium-term targets of 4%-6% volume growth, with earnings before interest tax exceeding volume growth in local currencies on average through to 2021/2022.
Barry Callebaut's shares, which have risen by over 31% so far this year, were trading down 3.5% today.
Copyright (c) 2019 CercleFinance.com. Tous droits réservés
Copyright (c) 2019 CercleFinance.com. All rights reserved.