Barry Callebaut’s Reported Nine-Month Top-Line Sales Figures In Line With Expectations
No-moat-rated Barry Callebaut reported good results for the first fiscal nine months, up to May 31, 2017. Sales volume was positive at 2.8% growth, with a 5.5% acceleration in the third quarter. Good volume growth in all regions and better product mix were partially offset by lower cocoa bean prices, translating into 2.9% sales growth in local currencies. Global cocoa bean prices were negatively affected by a supply surplus in the two main cocoa-growing countries, Cote d’Ivoire and Ghana. Our fa...Barry Callebaut is a cocoa and chocolate company, engaged in serving the food industry, from food manufacturers to professional users of chocolate such as chocolatiers, pastry chefs or bakers and products for vending machines. Co. offers a range of chocolate and other cocoabased products with numerous recipes. Co. also provides a comprehensive range of services in the fields of product development, processing, training and marketing. Co. is fully vertically integrated along the entire value chain: from sourcing of raw materials to finished products on the shelf. Co.'s operations are organized in three business units: Cocoa, Food Manufacturers, Gourmet & Specialties Products.
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