Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Barry Callebaut sales volumes outpace recovering chocolate market

Stock MarketsJan 26, 2022 03:05AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. FILE PHOTO: The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd Wiegmann

By Silke Koltrowitz

ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut said strong demand for chocolate, in particular from chefs and caterers, lifted its sales in the three months to Nov. 30, allowing it to confirm its mid-term forecasts.

Global demand for chocolate confectionery recovered last year, and Barry Callebaut is benefiting from big food groups outsourcing chocolate production and smaller customers such as restaurants and bakeries also turning to it for upmarket chocolate supplies.

Sales volumes rose 8.9% to 610,048 tonnes in the first quarter of fiscal year 2021/22, ahead of underlying chocolate market growth of around 3.1%, the world's biggest chocolate maker said in a statement.

Sales revenue increased by 14% to 2.032 billion Swiss francs ($2.22 billion), the Zurich-based group said, adding the stronger rise was related to the inflationary environment as it raised prices to pass on higher costs to customers, which include Nestle and Hershey.

"Excellent start into the new year," Vontobel analyst Jean-Philippe Bertschy said, highlighting 5% price increases and impressive growth in the gourmet division, boosted by restaurants.

Shares in the group, down 2% so far this year, were indicated to open 2.4% higher on the Swiss market.

Volumes in the group's chocolate business grew 9.6%, while its gourmet unit saw a stronger recovery from the pandemic, with volumes rising 33.8%, the chocolate maker said.

The group also confirmed its mid-term forecast of 5%-7% average volume growth and earnings before interest and tax (EBIT) above volume growth over the three years to its fiscal 2022/23.

Last week, Swiss peer Lindt & Spruengli reported a 13.3% rise in organic sales for 2021.

($1 = 0.9173 Swiss francs)

Barry Callebaut sales volumes outpace recovering chocolate market

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email