Zurich, Switzerland (GenevaLunch) - Barry Callebaut is the world’s largest top-end chocolate manufacturer, a supplier to most of the world’s best chocolate brands, and it has just served up its 2007/2008 financial report with a large smile. Sales volume rose 10% and sales revenue rose 17.1% to CHF4.82 million.
The fiscal year for the Swiss company ended 31 August. During the period covered the company produced more than 1.17 million tons of chocolate and its net profit increased 65.6% to CHF205.5 million. The company says its growth was three times that of the industry and that it remains upbeat about the future. CEO Patrick De Maeseneire says, “Chocolate is a defensive industry and consumption has proven resilient in previous economic downturns.”
He notes that in September and October growth continued to be strong.
News story, GenevaLunch, 6 November 2008.
Filed under: Business
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