Swiss manufacturer of cocoa and chocolate products Barry Callebaut AG (BYCBF.PK) reported an overall sales volume growth of 8.3% for the first quarter of fiscal 2012/13, with all regions contributing to this growth, driven by Food Manufacturers and Gourmet.
Quarterly sales volume for the Food Manufacturers Products business went up 10.0%, while the Gourmet & Specialties Products business recorded double-digit growth in all regions except Western Europe, where the market environment remained challenging against the background of economic uncertainties, particluarly in Southern Europe; in total, sales volume of Gourmet & Specialties Products rose 5.9%.
First-quarter sales revenue slid 1.4% in local currencies, as comparable sales prices for cocoa ingredients were lower at the time when the business was contracted.
Further, the company said it is confident of achieving mid-term growth targets.
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by RTT Staff Writer
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