Barry Callebaut H1 net profit rises as sales outpace global chocolate market |
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Published
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Tue, 03 Apr 2007 06:38
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ZURICH (AFX) - Barry Callebaut AG said it achieved a first half net profit rise of 11.1 pct to 125.2 mln sfr, driven by improved sales which is grew twice as fast as the global chocolate market.Looking ahead, the chocolate producer said it expects good volume growth for the second half of the fiscal year and said the group was well the on way of achieving its targets through to 2008.EBIT for the period rose 7.3 pct to 190.0 mln sfr, while sales were up 4.1 pct at 2.3 bln sfr.Barry Callebaut exceeded analysts average net profit forecast of 124.1 mln sfr, as well as the EBIT forecast of 189.5 mln sfr, while falling slightly short of sales forecasts of 2.37 bln sfr.afx.zurich@afxnews.comjmt/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Nestle, Barry Callebaut enter long-term supply contract; no financial details 