Dynamic business growth, targets confirmed

 

– Sales volumes rose 10.1% to 1,166,007 tonnes

– Sales revenue increased strongly by 17.3% to CHF 4,815.4 million, as a result of higher volumes and higher raw material prices

– Operating profit (EBIT) up 5.3% to CHF 341.1 million, acceleration in second semester compared to the same prior-year period

– Net profit for the year, incl. discontinued operations, up 65.6% to CHF 205.5 million, net profit from continuing operations rose 1.0% to CHF 209.1 million

– Four-year financial targets[1] 2007/08 through 2010/11 confirmed

– Board of Directors proposes capital repayment of CHF 11.50 per share

– James ‘Jim’ L. Donald, former President and CEO of Starbucks Corporation, proposed for election to the Board 

Zurich/Switzerland, November 6, 2008 – Barry Callebaut AG, the world’s leading manufacturer of high-quality cocoa and chocolate products, has successfully continued its dynamic growth
in fiscal year 2007/08 ended August 31, 2008. Sales volumes rose 10.1% to 1,166,007 tonnes, driven by additional business with existing and new customers. Sales revenue increased
strongly by 17.3% to CHF 4,815.4 million, mostly due to higher volumes and partly due to higher raw material prices. Excluding cocoa price and exchange rate effects, sales revenue rose
14.3%.

As communicated in April 2008, the factors that slowed EBIT growth in the first semester did not reoccur. As a result of this and ongoing cost saving programs, EBIT growth accelerated
in the second semester. For the fiscal year as a whole, operating profit (EBIT) rose 5.3% to CHF 341.1 million. Net profit for the year, including discontinued operations, increased
65.6% to CHF 205.5 million. Net profit from continuing operations rose by 1.0% to CHF 209.1 million. A loss on the sale of financial assets and higher financial expenses had a negative
impact on net profit in fiscal year 2007/08.

[1] Growth targets on average for 2007/08 – 2010/11: Volumes: 9-11%, EBIT: 11-14%, net profit 13-16%

 

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