Outsourcing Trend And EM Expansion Position Barry Callebaut For Growth

The world's largest business-to-business chocolate manufacturer, Barry Callebaut, has posted strong growth in sales for the first six months of its fiscal year. In the six months to the end of February Barry Callebaut's volume sales increased by 7.1% (against market growth of 3.6%). Revenues on a constant currency basis were up by 13.2%, although unfavourable exchange rate movements meant that reported sales came in 3.1% higher. Earnings were also heading in the right direction with 'significant operational improvements' helping the firm to post a 4% increase in EBIT, while lower financial expenses and favourable taxes helped push net profits

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