Barry Callebaut: confirms guidance as growth prevails
(CercleFinance.com) - Chocolate and cocoa product maker Barry Callebaut reported higher first-half sales and profit and confirmed its medium-term sales growth guidance, despite the Covid-19 crisis.
Net profit rose to 203.7 million Swiss francs in the first half of fiscal year 2019/2020, from 199.1 million Swiss francs a year ago, the supplier of chocolate to food groups said in a statement this morning.
Sales volume growth at the Zurich-based company was up 5.4% in the six months to February. In all, first-half sales revenue rose by 2.4% to 3.8 billion Swiss francs, it said.
Barry Callebaut said that it has not experienced any major disruption to its production operations to date.
However, sales volumes at its gourmet unit - which caters for chocolatiers, chefs and hotels - have been impacted by government restrictions on the access to shops and restaurants, the group said.
Despite this, Barry Callebaut maintains its medium-term guidance for the period ending with fiscal year 2021/22, aiming at 4%-6% volume growth.
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