SOURCE: Barry Callebaut AG

January 22, 2008 01:00 ET

Barry Callebaut reports sales for first three months of fiscal year 2007/08: Strong sales growth

ZURICH, SWITZERLAND--(Marketwire - January 22, 2008) -



Barry Callebaut reports sales for first three months of fiscal year 2007/08: Strong sales growth


  * Sales volumes rose 10.6% to 331,916 metric tonnes, driven by
    accelerating outsourcing trend
  * Strong sales revenue growth of 21.9% to CHF 1,419.4 million.
  * Adjusted for exchange rate and cocoa bean price effects, sales
    revenue rose 15.2%
  * Cost environment to remain challenging amid high raw material
    prices
  * Unchanged four-year financial targets for period 2007/08 through
    2010/11

Zurich/Switzerland, January 22, 2008 - Barry Callebaut AG, the world's leading manufacturer of high-quality cocoa and chocolate products, announced today its key sales figures for the first three months of fiscal year 2007/08 ended November 30, 2007. Barry Callebaut achieved continued strong sales growth in the first three months of the current fiscal year as sales volumes rose 10.6% to 331,916 metric tonnes - more than three times the growth rate of the global chocolate market. Volumes were driven by a good development of the Food Manufacturers business unit as an increasing number of food manufacturers outsourced their chocolate needs to Barry Callebaut. The Gourmet & Specialties business unit also saw solid growth as demand for premium quality chocolate continued to rise. Sales revenue increased 21.9% to CHF 1,419.4 million. A part of this increase related to higher raw material prices partly passed on to customers and favorable exchange rate effects, primarily the appreciation of the Euro against the company's reporting currency, Swiss franc. Adjusted for cocoa price increases and currency effects, sales revenue rose 15.2% in the first three months of fiscal year 2007/08.


* * *

Contacts
for investors and financial analysts:    for the media:

Daniela Altenpohl, Head of IR           Josiane Kremer,
                                        Corp.Communications
Barry Callebaut AG                      Barry Callebaut AG
Phone: +41 43 204 04 23                 Phone: +41 43 204 04 58
daniela_altenpohl@barry-callebaut.com   josiane_kremer@barry-callebaut.com




The news release can be downloaded from the following link:

http://hugin.info/100441/R/1183963/236654.pdf



Copyright © Hugin AS 2008. All rights reserved.

Contact Information