Press release
310KB
january 18, 2023 - barry.callebaut
3-Month Key Sales - Figures Fiscal Year 2022/23
Slow start to back-end loaded year, committed to achieve current guidance in this final year. New mid-term guidance focuses on accelerated value creation.
- Sales volume down -5.1%, as expected, due to residual effects of Wieze ramp-up and against strong comparator (+8.9%)
- Sales revenue of CHF 2.1 billion, up +7.2% in local currencies (+3.8% in CHF)
- Committed to achieve current mid-term guidance1 in this final year
- New mid-term guidance focuses on accelerated value creation for 3-year period 2023/24 - 2025/26 of on average: +4-6% volume growth and +8-10% EBIT growth in local currencies, with further ROIC improvement2
"With Wieze fully operational since end of October and against a strong comparator, we had, as expected, a slow start to the year. In markets where Gourmet products were widely available, we continued to win. We are committed to achieve our current 3-year mid-term guidance in this final year, based on our broad product portfolio and broad geographic and customer base". - Peter Boone, CEO of the Barry Callebaut Group
The Barry Callebaut Group, the world’s leading manufacturer of high-quality #chocolate and cocoa products, reported sales volume of 578,694 tonnes during the first three months of the fiscal year 2022/23 (ended on November 30, 2022). Volume was down -5.1%, in an overall declining market according to Nielsen (-2.8%)3. The #chocolate business was down by -5.8%, due to residual effects from the Wieze ramp-up and against a particularly strong comparator of +9.6% in the same quarter in prior year. This affected all Regions, in particular EMEA (-8.5%). The Group's Key Growth Drivers Emerging Markets (-3.8%), Outsourcing (-0.1%) and Gourmet & Specialties (-11.2%) had a slow start. Excluding the delayed impact due to the Wieze ramp-up, Gourmet & Specialties volume would have been flat against a record high comparator (+33.8%).
Sales revenue amounted to CHF 2,110.3 million, an increase of +7.2% in local currencies (+3.8% in CHF), clearly higher than volume growth. The increase was driven by higher raw material prices and the inflationary environment, which Barry Callebaut manages through its cost-plus pricing model for the majority of its business, and positive mix components.
Further information in the press release to download
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