SOURCE: Barry Callebaut AG

November 12, 2009 01:23 ET

Delivering strong top-line and bottom-line growth

ZURICH, SWITZERLAND--(Marketwire - November 12, 2009) -

Barry Callebaut reports full-year results for fiscal year 2008/09 ended August 31, 2009

* Sales volume up 4.1% in a declining global chocolate market

* Accelerating volume growth in the second half of the fiscal year: + 8.7%

* Sales revenue up 8.5% in local currencies (+1.3% in CHF)

* Operating profit (EBIT) up 9.5% in local currencies (+2.8% in CHF)

* Net profit up 18.5% in local currencies (+10.4% in CHF)

* Proposal of a capital repayment of CHF 12.50 per share, up 8.7% compared to prior year

* Three-year financial targets for the period 2009/10 through 2011/12: on average 6-8% volume growth and average EBIT growth at least in line with volume growth

Zurich/Switzerland, November 12, 2009 - Barry Callebaut AG, the world's leading manufacturer of high-quality cocoa and chocolate products, again delivered strong top-line and bottom-line growth in an exceptionally difficult economic environment in fiscal year 2008/09 (ended August 31, 2009). In sharp contrast to the global chocolate market, which contracted by more than 2% in volume in 2008/09, Barry Callebaut succeeded in growing its sales volume by 4.1%. The company attributes its growth to three factors: its early expansion into emerging and high-growth markets, the implementation of outsourcing deals, and market share gains. The strength of the company's reporting currency, the Swiss franc, compared to most other currencies had a negative impact on sales revenue, operating profit (EBIT) and net profit for the year. In local currencies, sales revenue grew by 8.5% and came in at CHF 4,880.2 million (or +1.3% in CHF). Based on considerable operational improvements as well as tight cost savings programs, and despite the effect of the anticipated lower combined cocoa ratio[1], operating profit (EBIT) increased by 9.5% in local currencies. In Swiss francs, the increase was 2.8% to CHF 350.8 million. Net profit for the year went up 18.5% in local currencies; in CHF terms, it grew strongly by 10.4% to CHF 226.9 million.

[1] The "combined cocoa ratio" is the combined sales price for cocoa butter and cocoa powder relative to the cocoa bean price

The complete news release can be downloaded from the following link:

for investors and financial         for the media:
Simone Lalive d'Epinay, Head of IR  Gaby Tschofen, VP Corp.
Barry Callebaut AG                  Barry Callebaut AG
Phone: +41 43 204 04 23             Phone: +41 43 204 04 60

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