Callebaut reports strong profit, accelerating growth

# Callebaut # EBIT # accelerating growth

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Callebaut reports strong profit, accelerating growth

Source：ingredientsnetwork

Publish time：2019-04-11

Barry Callebaut has reported what it describes as “strong profitability and accelerating growth momentum” for the half year, with sales volume ……

Operating profit (EBIT) was up 12.4% in local currencies (8.9% in CHF). Net profit was up 18.8% in local currencies (15.1% in CHF). The company said it was on track to deliver on current mid-term guidance.

“We saw an acceleration of volume growth in the second quarter, which, combined with the consistent execution of our ‘smart growth’ strategy, delivered a strong profit increase,” said Antoine de Saint-Affrique, CEO of the Barry Callebaut Group.

Looking ahead, de Saint-Affrique said: “We have good visibility in our portfolio and expect a further acceleration in sales momentum. This makes us confident we can deliver on our current mid-term guidance. Going forward, we remain committed to achieving consistent above-market volume growth and enhanced profitability, which is why we renewed our mid-term guidance6 for the coming three fiscal years.”

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