Tootsie Roll has grown net sales and earnings in the fourth quarter and full-year 2015, which one analysts says may intensify interest from Warren Buffet or Turkish firm Yildiz Holdings.
By Antoine Boudib, Managing Director, Akuafo Adamfo Marketing Company Ltd, a Finatrade Company
Cocoa buying companies are the main intermediaries between the chocolate industry and farmers and should not be forgotten in the pursuit of sustainable cocoa, writes one of the largest licensed cocoa buyers in West Africa Finatrade.
Nestlé has recorded a drop in operating profit for its confectionery segment in the first half (H1) of 2013 mainly due to marketing spend around soccer events and intense competition.
Double-digit growth in the beverage, savory and confectionery sectors helped International Flavors & Fragrances to achieve revenue of $714m in the first quarter of this year; nine per cent up on the same period of last year.
This week saw chocolate maker Lindt reporting strong growth across all its main regions and consolidated sales of CHF 2.58bn for its financial year 2010, with an analyst claiming the time is ripe for the firm to capitalise on recovery in consumer sentiment.
The chocolate and confectionery fats division showed strong seasonal volume improvements, claims leading oil and fats supplier AarhusKarlshamn as it releases third quarter financial results for 2010.
The drop in demand for premium products in Europe impacted sales for Swiss chocolate maker Lindt & Sprüngli last year and the company expects pressure on margins to continue due to higher input costs.
UK confectionery and snack food group Zetar has seen its share price dive following the revelation that Woolworths owed it nearly £1 million when it went into receivership last Wednesday.
Tate & Lyle is expecting to report £11m less profit that
predicted for the year ended March 31, as a result of unfavourable
exchange rates against the US dollar, but is still expecting to
maintain levels seen in the first half.
US-based chewing gum firm Wrigley today posted full
year growth in both operating profit and margins, thanks to
international and developing market sales.
Strong sales of premium and dark products have led Lindt &
Spruengli to predict that full year revenue for 2007 will hit
CHF 2.95bn (€1.8bn), a 14 per cent increase from the year before.
US-based confectioner Wrigley yesterday posted a 13 per cent
increase in sales for the third quarter on the back
of strong sales outside the US, increased marketing spend and
positive exchange rates.
Fonterra, New Zealand's largest dairy co-operative, predicted world
commodity prices would continue rebounding strongly over the next
few months as supply and demand tightened.
Global packaging provider Rexam says it will begin renegotiating
contracts with its European clients later this year in a bid to
recover some of the rising costs of the aluminum used in its
beverage cans.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
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...
The takeover of Spanish confectionery group Joyco earlier this year
continued to lift sales at gum giant Wrigley in the third quarter
of the year. Joyco's business in Asia, in particular, has helped
improve Wrigley's standing...
Enodis, the world's largest manufacturer of commercial foodservice
equipment such as ovens and mixers, reported better profits but
slightly worse sales due to the weak dollar, increased steel prices
and difficult UK and continental...
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
Ongoing growth in cultures sales to the dairy industry and health
markets helped the Danish ingredients firm Chr Hansen post a modest
rise in revenue for the food ingredients division in the first six
months. Organic growth for the...
Number one flavours and fragrance firm Givaudan ambles along in the
first quarter with higher sales in flavours offsetting a drop in
the fragrance division, suggesting that strategies to boost profit
announced back in January this...
Mirroring the state of play for ingredients companies operating
into today's climate, price pressures put the squeeze on third
quarter margins for ingredients giant Danisco.
It's that time of year again. Companies are releasing their third
quarter results amid great fanfare, even if there isn't that much
to cheer about. The bottling industry in particular has had a
fairly difficult year, with...
Wrigley has announced third quarter earnings up 15 per cent,
following an impressive 12 per cent growth in its global sales,
which were further strengthened by the weakness of the US dollar.
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
Swiss food group Nestlé has reported solid organic growth for the
first quarter of 2003, stressing the importance of product
innovation during the period, but chocolate sales were affected by
the late Easter.
Dutch life science company DSM saw net profit for the fourth
quarter of 2001 rise to €1,031 million from €119 million in the
fourth quarter of 2000, largely due to the sale of the depositary
receipts. Profit on 4Q ordinary activities...
Premium chocolate maker Lindt & Sprüngli has reported a rise in
sales for 2002 despite tough trading conditions in most of its key
markets - a performance it attributed to a consistent strategy of
expansion and innovation.
US flavours and fragrance giant International Flavors &
Fragrances saw fourth quarter 2002 sales rise 5 per cent to $424.3
million (€391m) from $405.6 million for the same period in 2001,
despite weak economic conditions in Latin...
