Delivering strong top-line and bottom-line growth
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Barry Callebaut reports full-year results for fiscal year 2008/09ended 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 growthZurich/Switzerland, November 12, 2009 - Barry Callebaut AG, theworld's leading manufacturer of high-quality cocoa and chocolateproducts, again delivered strong top-line and bottom-line growth inan exceptionally difficult economic environment in fiscal year2008/09 (ended August 31, 2009). In sharp contrast to the globalchocolate market, which contracted by more than 2% in volume in2008/09, Barry Callebaut succeeded in growing its sales volume by4.1%. The company attributes its growth to three factors: its earlyexpansion into emerging and high-growth markets, the implementationof outsourcing deals, and market share gains. The strength of thecompany's reporting currency, the Swiss franc, compared to most othercurrencies had a negative impact on sales revenue, operating profit(EBIT) and net profit for the year. In local currencies, salesrevenue grew by 8.5% and came in at CHF 4,880.2 million (or +1.3% inCHF). Based on considerable operational improvements as well as tightcost savings programs, and despite the effect of the anticipatedlower combined cocoa ratio[1], operating profit (EBIT) increased by9.5% in local currencies. In Swiss francs, the increase was 2.8% toCHF 350.8 million. Net profit for the year went up 18.5% in localcurrencies; in CHF terms, it grew strongly by 10.4% to CHF 226.9million.[1] The "combined cocoa ratio" is the combined sales price for cocoabutter and cocoa powder relative to the cocoa bean priceThe complete news release can be downloaded from the following link:http://hugin.info/100441/R/1354445/328428.pdfContactsfor investors and financial for the media:analysts:Simone Lalive d'Epinay, Head of IR Gaby Tschofen, VP Corp. CommunicationsBarry Callebaut AG Barry Callebaut AGPhone: +41 43 204 04 23 Phone: +41 43 204 04 60simone_lalive(at)barry-callebaut.com gaby_tschofen(at)barry-callebaut.com --- End of Message ---Barry Callebaut AGP.O. Box Zurich SwitzerlandWKN: 914661; ISIN: CH0009002962; Index: SMCI, SPI, SPIEX;Listed: Main Market in SIX Swiss Exchange;
Datum: 12.11.2009 - 07:01 Uhr
Sprache: Deutsch
News-ID 8255
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