SOURCE: Barry Callebaut AG

June 25, 2009 01:07 ET

Growth Momentum Picks Up in Recessionary Markets

ZURICH, SWITZERLAND--(Marketwire - June 25, 2009) - Barry Callebaut reports sales for the first nine months of fiscal year 2008/09

  * Third quarter: sales volumes gained momentum, up 8.8%
    - Year-to-date: sales volumes up 2.6% to 895,391 tonnes
  * Third quarter: sales revenue up 10.2% in local currencies (+7.1%
    in CHF)
    - Year-to-date: sales revenue grew 6.3% in local currencies and
    reached CHF 3,639.6 million (+0.9% in CHF)
  * Barry Callebaut confirms its financial targets[1]

Group key sales figures for the first nine months of fiscal year 2008/09

+-------------------------------------------------------------------+
| GROUP                |       | Change | Nine months | Nine months |
|                      |       |    (%) |       up to |       up to |
|                      |       |        |     May 31, |     May 31, |
|                      |       |        |        2009 |        2008 |
|----------------------+-------+--------+-------------+-------------|
| Sales volumes        | mt    |   2.6% |     895,391 |     872,993 |
|----------------------+-------+--------+-------------+-------------|
| Sales revenue        | CHF m |   0.9% |     3,639.6 |     3,608.6 |
|  In local currencies |       |   6.3% |             |             |
+-------------------------------------------------------------------+

Zurich/Switzerland, June 25, 2009 - Barry Callebaut AG, the world's leading manufacturer of high-quality cocoa and chocolate products, announced today its key sales figures for the first nine months of fiscal year 2008/09 ended May 31, 2009. With sales volumes up 2.6% to 895,391 tonnes for the 9-month period under review, growth has resumed after reaching a low in November 2008. In the third quarter, Barry Callebaut's sales volumes significantly accelerated across all regions and businesses and showed an increase of 8.8% - in sharp contrast to the contraction in the global chocolate market. Sales volume growth was driven by several factors: a late Easter; the need of food manufacturers, artisans and retailers to restock; the dynamic development of new markets; and the ongoing implementation of outsourcing contracts. In the period under review, sales revenue in local currencies grew 6.3%, driven by higher sales volumes and higher cocoa bean prices. However, sales revenue was impacted by continued unfavorable currency translation effects. In the group's reporting currency, Swiss franc, sales revenue went up by 0.9% to CHF 3,639.6 million.

[1] Four-year growth targets for 2007/08-2010/11 on average: volumes 9-11%, EBIT 11-14%, net profit 13-16% Growth targets for FY 2008/09: volume growth of 2-4%; profits in local currencies in line with mid-term targets


The complete news release can be downloaded from the following link: http://hugin.info/136766/R/1324820/311318.pdf

Contacts

for investors and financial         for the media:
analysts:

Simone Lalive d'Epinay              Gaby Tschofen
Head of Investor Relations          VP Corporate Communications
Barry Callebaut AG                  Barry Callebaut AG
Phone: +41 43 204 04 23             Phone: +41 43 204 04 60
simone_lalive@barry-callebaut.com   gaby_tschofen@barry-callebaut.com

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