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REGION EUROPE BarryCallebaut Annual Report2010/11 Good performance – topand bottom line In Region Europe,BarryCallebaut achievedgood volume growth. Thanks to volume gains, margin improvements, good cost management and astrong performance bythe Gourmet business, sales revenue and operating profit (EBIT) rose significantly in local currencies. 671,424 tonnes SALES VOLUME 2,241.3 CHFm SALESREVENUE 243.0 CHFm EBIT 20
REGION EUROPE BarryCallebaut Annual Report2010/11 After apromising start, the general economic environment in Western Europe weakened towards the end of the fiscal year due to the European debt crisis.Overall, the chocolate confectionery market was slightly negative in terms of volume growth (–0.3%). 1 Despite the overall negative market development, our Food Manufacturers Products business managed to grow its business in Western Europe, both via market share gains and supported by long-term partnership agreements. Extending our portfolio in fillings,inclusions and other specialties paid off:We achieved significant double-digit growth with these products. Inour Gourmet &Specialties Products business, all our key segments –confectionery, bakery/pastry and the HORECA business (hotels,restaurants,catering) –showed good growth.We wereeven able to outperform the market and win market share inall relevant countries with our global brands Cacao Barry ® and Callebaut ® .Increasing time pressure infoodservice kitchens opens interesting doors for our brands,which arenow offering readyto-use concepts and solutions in addition to the chocolate ingredient itself. Additional information: www.barry-callebaut.com/ foodmanufacturers www.barry-callebaut.com/gourmet www.barry-callebaut.com/ beverages www.cacao-barry.com www.callebaut.com www.caprimo.com www.vanhoutendrinks.com Sales volume of Barry Callebaut’s Beverages division declined slightly.Due to the economic slowdown and the increase of raw material prices, weobserved atrend towards private label products.Our two main brands Caprimo ® and VanHouten ® managed to maintain their market positions. Thanks to the unique know-how of our specialized beverages factory in South Sweden, we were able to conclude a multi-year supply agreement with alarge coffee roaster to supply acocoa-based capsule solution for tabletop coffee machines. In July 2011, Barry Callebaut announced the sale of its European Consumer Products business,Stollwerck, to Belgian Baronie Group.The transaction was completed by the end of September 2011.Stollwerck has been classified and reported as a discontinued business and prior-year figures reflected to the income statement have been restated accordingly. This divestment will enable Barry Callebaut to focus on business-to-business,serving industrial food manufacturers,artisans and professional users of chocolate. 1 Nielsen: September 2010–August 2011 21
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5-YEAR OVERVIEW BarryCallebaut Annu
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FINANCIAL STATEMENTS OF BARRY CALLE
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144 CorporateGovernance 160 Glossar
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CORPORATE GOVERNANCE BarryCallebaut
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GLOSSARY BarryCallebaut Annual Repo
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BarryCallebaut AG (head office) Wes
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