results
Symrise posts encouraging half-year results across flavours and ingredients divisions
Flavours, ingredients and fragrance group Symrise has recorded strong first-half results for 2024, with sales up 6.3% to $2.5 billion, which it attributed to a strong focus on materials usage and wider business efficiencies, writes Neill Barston.
Nestlé posts six-month results revealing continued challenges, yet organic growth returns
Nestlé has posted its latest half-year results, with group sales at CHF 45 billion, down 2.7% and net profits flat year-on-year at CHF 5.6 billion, as global challenges within wider industry supply chains remain, writes Neill Barston.
Ingredients group Tate & Lyle posts positive outlook after major CP Kelco acquisition
Tate & Lyle plc has issued a key trading update underlining positive momentum for the business following its £1.4 billion ($1.8bn) move to acquire CP Kelco pectin and speciality gums company, reports Neill Barston.
AAK ingredients posts strong second quarter results for chocolate and confectionery lines
The Scandinavian AAK ingredients group has reported a considerable profit increase by 27 percent, reaching SEK 1,118 million ($1,04 billion), for the second quarter of 2024, reportedly driven by chocolate and confectionery applications, writes Neill Barston.
Inflation drop welcomed by industry, though cocoa and confectionery product prices remain impacted
Today’s news that UK inflation within the food and drink sector has fallen to 1.5% is something that the industry is clearly welcoming amid a time of ongoing operating challenges within supply chains in terms of broader operating costs, including sustained spikes in the price of ingredient sourcing.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Sustainability
Global confectionery sector seeks a kick-start after ongoing supply challenges dent some international markets
There’s no getting away from the fact that the past couple of years in the wake of the Covid-19 pandemic have served up a significant raft of challenges for the confectionery, snacks and bakery sectors on an international level.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing
Tate & Lyle’s performance impacted by reduced consumer demand, yet forecasts improvements
The Tate & Lyle Group has released its latest annual results, which reveal the business has endured challenging conditions with overall revenues down 2% against last year’s figures, to £1.6 billion, amid ‘softening consumer demand’ during a notably disrupted trading period, reports Neill Barston.
Mondelēz International posts first quarter upturn, despite ongoing market challenges
Mondelēz International has reported a net revenue increase of 1.4% to $9.29 billion for the first quarter of 2024, reflecting an upturn in performance from its European and Latin American operations, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory, Sustainability
Global confectionery sector set for growth to $421 billion, despite market disruption
The global confectionery market is projected to deliver a renewed upturn in growth into the next decade, reaching $421 billion by 2031, after reaching $298bn in 2022, despite a number of supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Nestlé posts sales dip, amid ongoing global supply chain challenges
Nestlé has reported trading challenges in the first quarter of 2024, with sales of CHF 22.09 billion, down 5.9% against CHF23.4bn for the same period last year, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts 11% sales growth, while operating profits drop amid challenging global markets
Swiss-headquartered Barry Callebaut has reported six-month sales growth of 11.1% to CHF 4.6 billion, amid a challenging backdrop that also saw its operating profit drop by 40% to CHF 178million for the period, which it attributed to investment in company restructuring, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
State of the Industry reflections: John Downs, NCA’s president and CEO interview
Seeming in relaxed form, John Downs concluded the event with some added notes of motivation for the assembled audience, reaffirming his view that there’s plenty of dynamism and determination that will see the industry within the US through its various supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Regulatory, Sustainability
Mondelēz International reaffirms focus on chocolate, biscuits and snacks
Mondelēz International has appeared at the US Consumer Analyst Group of New York (CAGNY) Conference, highlighting its strategy for furthering development across its complete snacking portfolio, reports Neill Barston.
Ferrero reveals strong annual results, in spite of market disruption
The Ferrero Group has confirmed strong financial momentum into 2024, as it records turnover of €17 billion, up by 20.7% for the period 2022/2023, according to its latest trading statement, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability