The hottest UK June in 26 years had a devastating effect on sales
at chocolate maker Thorntons, turning growth into decline in the
space of a month.
A strong rise in sales volumes in Western Europe helped Barry
Callebaut to post steady profit rise for first nine months. Company
on course to meet its target of EBIT SF200 million in 2002/03.
Strong improvements in European sales - boosted by the acquisition
of Stollwerck - helped chocolate products group Barry Callebaut
offset the impact of the weak US economy.
A satisfactory fourth quarter helped Danish ingredients giant
Danisco achieve a 17 per cent increase in earnings per share for
Barry Callebaut announced today that it has suspended efforts to
take full control of Stollwerck after minority shareholders in the
German firm filed a lawsuit against a proposed squeeze-out.
Danish ingredients company Danisco will expand its flavour creation
centres in the Netherlands and Belgium as part of the restructuring
of its flavour research and development facilities.
Haribo Dunhills, the UK arm of the German confectionery group, is
to sponsor a motor racing team at a number of events in the UK this
Ahold has sold its Jamin confectionery retail unit via an MBO as
part of its strategic recovery plan.
A major advertising and sponsorship package for the Penguin range
of biscuits, including a TV ad for the new Chukka sub-brand, kicked
off this week in the UK.
Confectionery and biscuit manufacturer Swiss Delice is planning to
expand into the UK this Autumn. The Swiss-based firm believes that
the UK market presents a major opportunity.
Despite the challenging economic climate, Irish food ingredients,
flavours and consumer foods group Kerry expects a good outcome for
the full year.
Denmark's Arla Foods has issued a counterclaim in response to an
action for damages brought by its US tagatose licence partner,
CP Kelco has announced plans to increase pectin capacity at its
Skensved, Denmark and Limeira, Brazil facilities.
Spanish confectionery group Chupa Chups has announced a 17 per cent
drop in sales for 2002 - a decline which has forced it to close
most of its foreign production units.
Despite strong sales in confectionery speciality fats, Danish
Aarhus Oliefabrik on Wednesday reported a drop in post-tax profits
to DKK 19.4 million (€2.61m) for the first quarter of 2003.