GEA said continuing strong demand for food processing technology meant it was “satisfied” with performance in the first quarter of 2012 even as one-off integration costs for its food solutions unit were largely responsible for its year-on-year operating...
Amcor said strong performance across the board in its flexible and rigid packaging divisions fuelled a 14% profit increase in the first half of the year as recent acquisitions of Ball and Alcan continued to reap rewards.
Favourable market trends and successful business strategies have driven strong profits in Agrana’s sugar and starch segments, creating 20.2% growth for the first three quarters of 2011|12, the CEO said.
Kraft, in its second quarter results, reports continuing challenges ahead for its gum and candy division in developed markets, and claims the Cadbury takeover is a fundamental earnings driver, with its global chocolate earnings up 9 per cent.
Hershey clocked a profit for the first quarter of 2011, with it citing new product launches, expansion outside the US and a 30 percent increase advertising spending as key to the positive financials.
Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.
Food giant Kraft’s acquisition of UK confectionery company Cadbury in February 2010 helped the firm to a better-than-expected first quarter net profit of $937m (£590m), up from $827m in the same period a year earlier.
US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.
US chocolate maker, Hershey, said it is still open to international expansion and it claims acquisitions will be made easier by the fact that the global chocolate markets are still fragmented.
Streamlining of its packaging purchasing is one of the ways that confectionery giant Cadbury hopes to tighten margins in its strategy to stave off a take over from Kraft.
Cargill has reported a 65 percent drop in earnings for the first quarter of fiscal 2010 from the same period last year, partly due to the company’s investment in phosphate and potash suppliers The Mosaic Company.
Swiss-based cocoa and chocolate manufacturer Barry Callebaut has weathered wild volatility on world cocoa markets, reporting a 66.5 per cent rise in its full-year net profits.
Food firm Kerry delivers like-for-like trading profit of €134 million at its ingredients and flavours unit for the first half of 2008, thanks in part to 'prudent price actions' that have brought good cost recovery to the group.
Barry Callebaut reported increased sales volume for the first
quarter of this fiscal year as a result of a mounting trend for
food manufacturers to outsource their chocolate needs.
Cadbury today said it expects confectionery revenue growth to
exceed the 2007 four to six per cent target range, thanks
to revenues from the UK chocolate and the US gum markets.
US-based Rocky Mountain Chocolate Factory this week reported an
eight per cent revenue increase for the three months to 31 May,
compared to the same period last year.
Zurich-based chocolate manufacturer Barry Callebaut said today
that like-for-like sales increased 6.1 per cent in
the nine months to 31 May, despite the unstable cocoa
market.
Confectioner Wrigley posted a 17 per cent sales rise throughout its
global operations during its first quarter 2007 to US$1.6bn
(€1.1bn), with demand from emerging markets propping up
sluggish growth in North America
Danisco recorded revenue of DKK 15,220 million in the first three
quarters of 2006/07, a period which saw significant structural
change within the company.
US chocolate maker Hershey has embarked on a three-year
restructuring plan to further increase the company's global
footprint and allow it to outsource production of low value-added
products.
European sugar giant Suedzucker expects a revenue increase of 5 per
cent in 2006 / 07, underlining the group's confidence in the future
of the EU sugar sector.
Iconic chocolate and snacks brand Hershey has announced
disappointing sales figures, but posted a seven per cent rise in
quarterly profit as the company works on product innovation and
cost minimisation.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
New products and seasonal success may have given Hershey increased
2005 sales, but income for the confectionery colossus remains
blighted by the cost of reorganisation.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
Confectionery companies could always count on consumers to boost
sales at Christmas and other holiday seasons, but a report
published by Mintel adds more support to the notion that consumer
trends are changing.
Barry Callebaut, the world's largest supplier of bulk chocolate,
plans to cut costs in Europe as the Swiss firm posts a fall in
revenue for nine month figures.
Barry Callebaut, the world's leading supplier of chocolate to the
confectionery industry, has reported a 6 per cent fall in first
quarter sales revenues to CHF1.15bn (€0.79bn) as squeezed margins
bit into its bottom line. The...
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
costs.
New Dragon Asia, a leading producer of flour and flour-related
products to the China market, has reported strong results for its
second quarter, reflecting increasing sales, net income and the
gross profit margin caused by improvements...
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period but the firm warned that...
Barry Callebaut, the world's leading manufacturer of cocoa and
chocolate products, increased its sales revenue, operating profit
(EBIT) and net profit.
House of Brussels Chocolates (HBSL) believes that restructuring and
the implementation of a strategic business plan have put the firm
in a strong position.
Higher volume food and beverage flavour product sales to existing
customers contributed to a net increase for the third quarter for
flavours company Technology Flavors & Fragrances.
