Barry Callebaut reports first-quarter revenues that were up 21.4% from the previous year, boosted by sales of gourmet products especially in the Americas as well as its acquisition of Petra Foods in June 2013. The company's sales rose 19.5%, missing the 21.1% analyst forecast, due largely to capacity constraints, but "further capacity optimizations in the region are underway," Callebaut said. "We have a solid start into the new fiscal year. Our three key growth drivers -- geographic expansion, outsourcing and partnership agreements and our Gourmet business -- have maintained their momentum," said CEO Juergen Steinemann.
Published in Brief: