results
Ferrero posts strong annual results following major investment in global operations
Ferrero has delivered an upturn in its financial performance, as the company’s annual results revealed a 8.9% year-on-year increase in turnover to €18.4 billion, driven by broad category growth, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Hershey records upward growth across US and global sales with annual results
US confectionery giant, Hershey, has released its latest annual financial results revealing an upturn in performance, producing net sales of $11.2 billion, representing a modest increase of 0.3%, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory
Mondelez reveals annual results upturn, despite wider economic uncertainties
Global confectionery and snacking group, Mondelez International has released its full-year results for 2024, that have shown annual growth of 4.3%, to $36.4 billion, against a backdrop of turbulent international economies, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Tony’s Chocolonely annual report reveals revenue upturn and progress tackling child labour
Tony’s Chocolonely has unveiled its latest Fair report and annual results, achieving revenue increases of €50 million, a 33% year-on-year rise to a total of more than €200m for the past financial year, writes Neill Barston.
Denmark’s Lakrids by Bülow gains annual sales boost despite retail headwinds
Innovative Danish liquorice brand, Lakrids by Bülow has reported a strong performance for 2024, with results for the year delivering 18% growth, attaining its highest ever revenues of over €50 million, despite a backdrop of ongoing retail sector challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Flavours group Givaudan reports major annual sales growth, as it enhances eco performance
Global flavours and fragrances business, Givaudan has reported a key upturn in sales, increasing 12.3% to CHF7,412 million, against its performance in 2023, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Lindt & Sprüngli records strong sales growth for 2024, despite cocoa pricing challenges
Swiss premium chocolate business Lindt & Sprüngli has reported strong sales revenue increases for 2024, rising by 5.1% to CHF 5.47 billion for the year, despite considerable headwinds from high cocoa prices, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Italian packaging machinery sector posts strong annual performance
Encouraging annual results have been posted by the Italian packaging technology sector, which is set to close 2024 with a strong performance, delivering a 3.5% annual upturn to €9.5 billion, according to the country’s sector body, UCIMA, writes Neill Barston.
Tate & Lyle group posts encouraging six-month performance following Gulfood Manufacturing
The Tate & Lyle ingredients group has offered a six-month trading statement that revealed an encouraging picture for the business, posting net profits up 11% to £122 million, though overall revenues for the period were down 7% to £775 amid challenging market conditions, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Nestlé posts downturn in results, despite confectionery sales remaining resilient
Nestlé has released its latest results, with the company’s nine-month figures revealing sales of CHF 67.1 billion, down 2.4% from 68.8 billion for the same period last year, amid a warning from CEO Laurent Freixe that ‘demand would remain soft’ given weakened consumer spending, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Mondelēz International posts third quarter upturn, though market tests persist
Against a backdrop of continuing sector challenges, Mondelēz International has recorded an upturn in its third quarter results for 2024, posting net revenues of $9.2 billion, up 1.9% year-on-year, as the business continues a strong pipeline of innovation, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Symrise posts strong nine-month results, as it releases chocolate-enhanced nutrition offering
Fragrance, flavour and nutrition group, Symrise, has reported a 5.9% upturn in its nine-month performance with its global sales up to €3.8 billion, with revenues performing well across its operations, including for confectionery, writes Neill Barston.
Olam records strong half-year growth, with ofi ingredients setting the pace
The Olam Group, has posted its latest half-year performance figures of $26.9 billion in revenue, up 9.1%, with the company’s ofi ingredients division leading the way for delivering renewed growth, writes Neill Barston.
Hershey records second quarter sales dip amid challenging markets
Hershey has released its latest second quarter results, that reveal net sales of $2.07 billion for the period, with sales down 16.7% year-on-year, attributed to higher key ingredients costs and a shopper caution amid challenging economies, reports Neill Barston.