Barry Callebaut

Accelerated top line growth, significantly investing in the future

Barry Callebaut AG /
Barry Callebaut: Accelerated top line growth, significantly investing in the
future
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Barry Callebaut - Half-year results, fiscal year 2011/12

* Growth in all Regions and across all Product Groups
* Sales volume up 6.7%; sales revenue up 10.4% in local currencies (+3.0% in
CHF)
* Investing in profitable growth while optimizing structures and processes
* EBIT decreased by 5.5% in local currencies (-12.5% in CHF)
* Growth targets confirmed[1]
Group key figures for the first half of fiscal year 2011/12 - from continuing
operations

--------------+----------------------------------------------------------------
  |   Change in %
| ---------------+-------------- Six months Six months up
| in local| in reporting up to Feb to Feb
| currencies| currency 29, 2012 28, 2011[2]
--------------+---------------------+------------------------------------------
Sales volume |Tonnes  | 6.7 699,058 655,065
--------------+---------------------+------------------------------------------
Sales revenue| CHF m 10.4| 3.0 2,476.9 2,404.0
--------------+---------------------+------------------------------------------
Operating | CHF m (5.5)| (12.5) 175.1 200.2
profit (EBIT)| |
--------------+---------------------+------------------------------------------
EBIT per | CHF (11.4)| (18.0) 250.5 305.6
tonne | |
--------------+---------------------+------------------------------------------
Net profit | |
for the | CHF m (11.3)| (18.0) 121.8 148.6
period (PAT) | |
--------------+---------------------+------------------------------------------

Zurich/Switzerland, April 2, 2012 - In the first half of fiscal year 2011/12
(ended February 29, 2012), Barry Callebaut AG, the world´s leading manufacturer
of high-quality cocoa and chocolate products, increased its sales volume by
6.7% and thus again outperformed the worldwide chocolate confectionery
market.[3] All Regions and Product Groups contributed to the volume growth,
which rebounded strongly in Q2 (+11.5%). First-half sales revenue grew faster
than volumes, rising 10.4% in local currencies (+3.0% in CHF). Gross profit
increased by 2.9% in local currencies (-3.9% in CHF). Operating profit (EBIT)
decreased by 5.5% in local currencies, -12.5% after translation into Swiss
francs. Significant investments in operating structures to support further
growth, ramp-up costs related to recent long-term partnership and outsourcing
agreements, investments in the growth of the Gourmet & Specialties Products