Barry Callebaut
SIX : BARN
PINKSHEETS : BYCBF

March 19, 2013 02:33 ET

Barry Callebaut: Previous half-year results restated figures due to consumer divestment

ZURICH, SWITZERLAND--(Marketwire - Mar 19, 2013) -

Barry Callebaut / Barry Callebaut:Previous half-year results restated figures due to consumer divestment . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Barry Callebaut AG, the world's leading manufacturer of high-quality cocoa and chocolate products, will announce on April 8, 2013 its half-year results figures of fiscal year 2012/13, ended February 28, 2013.

As announced in November 2012, Barry Callebaut completed the sale of its factory and the related business in Dijon (France) to "Chocolaterie de Bourgogne" concluding with this the final step to dispose of all its consumer activities. For comparison reasons, the Group's previous half-year results figures for the fiscal year 2011/12 were restated as presented in the table below, whereas the restatements mainly reflect the impact of the divestment of Dijon. The same format will be used for the presentation of the half-year results figures for the fiscal year 2012/13.

***

Barry Callebaut (www.barry-callebaut.com):

With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion) for fiscal year 2011/12, Zurich-based Barry Callebaut is the world's leading manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the finest chocolate product. Barry Callebaut is present in 30 countries, operates around 45 production facilities and employs a diverse and dedicated workforce of about 6,000 people. Barry Callebaut serves the entire food industry focusing on industrial food manufacturers, artisans and professional users of chocolate (such as chocolatiers, pastry chefs or bakers), the latter with its two global brands Callebaut(®) and Cacao Barry(®).

Barry Callebaut is the global leader in cocoa and chocolate innovations and provides a comprehensive range of services in the fields of product development, processing, training and marketing. Cost leadership is another important reason why global as well as local food manufacturers work together with Barry Callebaut. Through its broad range of sustainability initiatives and research activities, the company works with farmers, farmer organizations and other partners to help ensure future supplies of cocoa and improve farmer livelihoods.

***

Group key figures for the first half of fiscal year 2012/13 -
Restated amounts due to discontinuation of the consumer activities
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                          Change in %

                           in local  in reporting  6 months up  6 months up
                         currencies      currency       to Feb       to Feb
                                                      28, 2013     29, 2012
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Group
---------------------------------------------------------------------------
Sales volume       Tonnes                                           691,061
---------------------------------------------------------------------------
Sales revenue       CHF m                                           2,449.6
---------------------------------------------------------------------------
EBITDA              CHF m                                             215.6
---------------------------------------------------------------------------
Operating profit                                                      177.6
(EBIT)              CHF m
---------------------------------------------------------------------------
Net profit          CHF m                                             125.7
---------------------------------------------------------------------------
Net profit (incl
discontinued
operations)         CHF m                                              90.1
---------------------------------------------------------------------------

---------------------------------------------------------------------------
By Region
---------------------------------------------------------------------------
Europe
---------------------------------------------------------------------------
Sales volume       Tonnes                                           356,888
---------------------------------------------------------------------------
Sales revenue       CHF m                                           1,151.4
---------------------------------------------------------------------------
EBITDA              CHF m                                             131.3
---------------------------------------------------------------------------
Operating Profit                                                      117.4
(EBIT)              CHF m
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Americas
---------------------------------------------------------------------------
Sales volume       Tonnes                                           176,446
---------------------------------------------------------------------------
Sales revenue       CHF m                                             547.4
---------------------------------------------------------------------------
EBITDA              CHF m                                              52.7
---------------------------------------------------------------------------
Operating profit                                                       45.1
(EBIT)              CHF m
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Asia-Pacific
---------------------------------------------------------------------------
Sales volume       Tonnes                                            27,639
---------------------------------------------------------------------------
Sales revenue       CHF m                                             116.9
---------------------------------------------------------------------------
EBITDA              CHF m                                              17.9
---------------------------------------------------------------------------
Operating Profit                                                       15.2
(EBIT)              CHF m
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Global Sourcing &
Cocoa
---------------------------------------------------------------------------
Sales volume       Tonnes                                           130,088
---------------------------------------------------------------------------
Sales revenue       CHF m                                             633.9
---------------------------------------------------------------------------
EBITDA              CHF m                                              45.6
---------------------------------------------------------------------------
Operating Profit                                                       33.2
(EBIT)              CHF m
---------------------------------------------------------------------------

---------------------------------------------------------------------------


By Product Group
---------------------------------------------------------------------------
Sales Volume       Tonnes                                           691,061
---------------------------------------------------------------------------
Cocoa Products     Tonnes                                           130,088
---------------------------------------------------------------------------
Food Manufacturers                                                  482,336
Products           Tonnes
---------------------------------------------------------------------------
Gourmet &                                                            78,637
Specialties
Products           Tonnes
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Sales Revenue       CHF m                                           2,449.6
---------------------------------------------------------------------------
Cocoa Products      CHF m                                             633.9
---------------------------------------------------------------------------
Food Manufacturers                                                  1,418.3
Products            CHF m
---------------------------------------------------------------------------
Gourmet &                                                             397.4
Specialties
Products            CHF m
---------------------------------------------------------------------------

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

News Release (PDF):

http://hugin.info/100441/R/1686040/552578.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Barry Callebaut via Thomson Reuters ONE

[HUG#1686040]

Contact Information


  • Contact
    for investors and financial analysts:
    Evelyn Nassar
    Head of Investor Relations
    Barry Callebaut AG
    Phone: +41 43 204 04 23
    Email Contact

    for the media:
    Raphael Wermuth
    Head of Media Relations
    Barry Callebaut AG
    Phone: +41 43 204 04 58
    Email Contact