Nestlé: strong performance of KitKat and seasonal products
The Swiss Nestlé Group has published its figures for the first three months of 2024. Total reported sales were CHF 22.092 bn, a decrease of 5.9% (3M-2023: CHF 23.470 bn).
Foreign exchange decreased sales by 6.7%. Net divestitures had a negative impact of 0.6%, according to the press release. Overall, the Group`s organic sales growth was driven by Europe and the emerging markets, whereas North America had a negative impact on growth.
Organic growth was 1.4%. Pricing was 3.4%, following a high base of comparison in 2023. Real internal growth (RIG) was - 2.0%, impacted by soft consumer demand, particularly in North America, and the temporary supply constraints for vitamins, minerals, and supplements.
In the confectionery business, Nestlé achieved sales of CHF 2.043 bn in the first quarter of 2024 (3M-2023: CHF 2.030 bn), driven by a strong performance of the KitKat brand and seasonal products. Organic growth in this product category was 6.3%. The Group put price adjustments at 5.9% and RIG at 0.4%.
Cabka demonstrates continued leadership in circular economy with 2023 annual report
Throughout 2023, Cabka remained steadfast in its commitment to sustainability, achieving significant milestones, which underscore its leadership in the circularity movement within the Reusable Transport Packaging industry.
In recognition of its commitment to sustainability, Cabka attained "gold" status in the prestigious EcoVadis assessment for the first time in 2023. This underlines Cabka's exceptional performance across various sustainability metrics, elevating the company to be within the top 6% of rated organizations, a leap from the top 25% in just one year.
Moreover, Cabka's engagement with the Carbon Disclosure Program (CDP) underscores its dedication to addressing climate impacts. With a commendable B score, Cabka aligns itself with the overall performance of European companies, demonstrating its proactive stance in combating climate change. Cabka's performance surpasses the sector's average, being an average grade C across the plastic products manufacturing industry.
Gerhard Schubert GmbH: even more training opportunities for customers and employees
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Barry Callebaut: solid performance in a challenging market
The Barry Callebaut Group reported sales volume growth of 0.7% to 1.1 m tonnes in the first six months of fiscal year 2023/24 (ended February 29, 2024). Volume was resilient at + 1.0% in the second quarter, in the context of a challenging operating environment.
According to the company, Global Chocolate delivered 1.0% volume growth, ahead of a declining global chocolate confectionery market according to NielsenIQ (- 2.0%; NielsenIQ volume growth excluding e-commerce; 26 countries; August 2023 - January 2024; data subject to adjustment to match Barry Callebaut`s reporting period; NielsenIQ data only partially reflects the out-of-home and impulse consumption).
Food Manufacturers continued to be impacted by soft consumer demand in the context of the high-inflationary environment. Barry Callebaut was able to mitigate these pressures as its diversified business model allowed the Group to capture the consumer shift towards private label chocolate offerings. Gourmet & Specialties recorded high single-digit volume growth, with continued strong demand across regions, supported by BC Next Level initiatives. The largest contributor to Global Chocolate volume growth was Western Europe (+ 2.2%). Central and Eastern Europe (+ 3.5%) also saw a robust performance.
Sales revenue amounted to CHF 4.643 bn, up 19.6% in local currencies (+ 11.1% in CHF). Gross profit was CHF 663.1 m, up 8.6% in local currencies (- 0.2% in CHF). Operating profit (EBIT) recurring was solid and amounted to CHF 339.4 m, an increase of 7.9% in local currencies (- 2.6% in CHF) compared to the prior year.
kp launches market-first 100% rPET tray from kp Tray2Tray®
Marking a significant food packaging industry milestone, Klöckner Pentaplast (kp) has launched the first food packaging trays comprising 100% recycled PET (rPET) deriving exclusively from trays.
foodpackaging.kpfilms.com/acton/media/43678/plastics-are-a-circular-resource-should-be-valued-PR