SwissInfo
SwissInfo
SwissInfo
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
REGION AMERICAS<br />
BarryCallebaut<br />
Annual Report2010/11<br />
Additional information:<br />
www.barry-callebaut.com/<br />
foodmanufacturers<br />
www.barry-callebaut.com/gourmet<br />
www.cacao-barry.com<br />
www.callebaut.com<br />
Whereas the U.S. economy was growing slowly, Mexico and Brazil performed at<br />
much faster rates. 1 In this mixed economic environment, Barry Callebaut was able<br />
to grow faster than the overall chocolate market, which grew by 2.7% in the U.S.<br />
and 12.8% in Brazil. 2<br />
Food Manufacturers Products business volume grew nearly double-digit driven by<br />
the long-term agreements with our Corporate Accounts and other new business<br />
wins. Competition was very intense, and we utilized our extensive manufacturing<br />
network and new innovations to win in the marketplace.<br />
Volume growth in the Gourmet business was up significantly due to strong demand<br />
for our imported brands,the strengthening of our Mexican footprint and beverages.<br />
We continued to be the innovation leader in the category with new product<br />
launches.<br />
Several milestones were reached during the year that will build the business for<br />
years to come: First, Barry Callebaut expanded its supply agreement with Hershey.<br />
Second, Region Americas also participated in the global supply agreement with<br />
Kraft Foods.Third, we signed anew outsourcing agreement with Chocolates Turín<br />
in Mexico, which included the acquisition of aproduction facility in Toluca. This<br />
will –together with our existing facility in Monterrey –greatly enhance our presence<br />
in the promising Mexican market. Being the largest distributor of chocolate<br />
and compound products in Mexico, our relationship with Turín also encompasses<br />
the distribution of our global Gourmet brands Cacao Barry ® and Callebaut ® .<br />
1 Source: World Bank, Global Economics Prospects,2010<br />
2 Source: Nielsen, September 2010–August 2011<br />
Key figures for Region Americas<br />
in local<br />
currencies<br />
Change % 2010/11 2009/10*<br />
in reporting<br />
currency<br />
Sales volume Tonnes 8.2% 313,635 289,970<br />
Sales revenue CHFm 13.8% (0.9%) 978.9 987.6<br />
EBITDA CHF m (10.2%) (18.7%) 85.4 105.0<br />
EBIT CHFm (11.6%) (19.5%) 71.9 89.3<br />
* Certain comparatives have been reclassified to conform with the current period’s presentation<br />
24
Change language