Noticias GremialesEne. 21, 2015
Barry Callebaut lidera el crecimiento del mercado mundial de los artículos de chocolate (texto en inglés)
Leading cocoa processor Barry Callebaut has reported volume growth ahead of the global chocolate confectionery market in its first quarter.
In the company’s threemonth sales figures released today, the Swissbased firm reported growth in sales volumes of 0.2% to 265,046 metric tons (MT). Volumes in the global chocolate confectionery over the same period market fell 1.8%, according to Nielsen.
European capacity investments pay off Barry Callebaut posted sales revenue gains of 15.1% for the quarter to CHF 1.7bn ($2bn), driven by higher cocoa vean prices and growth in Western Europe.
Barry Callebaut CEO Juergen Steinemann said: “As anticipated, we saw a slow start in our new fiscal year, yet we grew well above the market. I am satisfied that our largest region, Western Europe, resumed growth, capitalizing on last year’s capacity investments.”
The company grew sales revenue 9.5% in Europe following production investments in Belgium and the UK. It will grow capacity further by the end of 2016 with two modern chocolate production lines at its plant in Lodz, Poland for an investment of $28.3m.
Chocolate price hikes hurt demand in North America
Sales revenues in the Americas rose 22% in Q1, driven by growth in South America. However, volumes were flat at +0.2%.
“In NAFTA [North American Free Trade Agreement], the confectionery industry increased retail prices due to higher cocoa bean prices. This had a temporary negative impact on consumption and thus demand declined,” said Barry Callebaut.
Nestlé, Hershey, Mondelēz International and Mars Chocolate North America all introduced chocolate confectionery price hikes in the first half 2014 in response to rising input costs, particularly from cocoa.
Last week, the US National Confectioners Association (NCA) reported that fourth quarter North American cocoa processing had dropped 2% to 122,886 MT after eight consecutive quarters of growth. Jonathan Parkman, joint head of Agriculture at Marex Financial, attributed the slump to weaker demand after the chocolate price hikes.
Building momentum in Asia
In Q1, Barry Callebaut grew sales volumes 9.3% in AsiaPacific, while the overall chocolate confectionery industry grew Asia Pacific volumes by just 0.8% over the same period, according to Nielsen.
The Cocoa Association of Asia has yet to report its Q4 grind figures, but the second largest cocoa processing nation Malaysia has already reported a 21% drop. Marex Financial expects a 7% decline in Asia’s Q4 cocoa grind.
Swiss franc impact
Barry Callebaut said the Swiss National Bank’s decision to abandon a cap on the Swiss franc against the euro had limited impact on its business since 99% of sales came outside of Switzerland. However, it said that there could be a currency translation impact on reported figures.
The company reaffirmed its midterm targets of 68% average volume growth per year and EBIT per tonne restored to levels before its acquisition of Petra Foods’ ingredients division.