Barry Callebaut 5-year results overview
Barry Callebaut's financial results 5-year overview from fiscal year 2016/17 to fiscal year 2020/21
Key figures Barry Callebaut Group
Consolidated Income Statement
| CAGR (%) | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
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| Sales volume | Tonnes | 3.4% | 2,191,572 | 2,095,982 | 2,139,758 | 2,035,857 | 1,914,311 |
| Sales revenue | CHF m | 1.4% | 7,207.6 | 6,893.1 | 7,309.0 | 6,948.4 | 6,805.2 |
| Gross profit | CHF m | 4.6% | 1,147.2 | 1,063.7 | 1,197.2 | 1,157.1 | 958.8 |
| EBITDA recurring) | CHF m | 7.7% | 795.2 | 711.9 | 775.0 | 728.3 | 592.1 |
| Operating profit EBIT) | CHF m | 5.3% | 566.7 | 483.2 | 601.2 | 554.0 | 460.2 |
| Operating profit (EBIT, recurring) | CHF m | 6.4% | 566.7 | 491.0 | 601.2 | 554.0 | 442.1 |
| EBIT (recurring) / sales revenue | % | 7.9% | 7.1% | 8.2% | 8.0% | 6.5% | |
| EBIT (recurring) per tonne | CHF | 2.9% | 258.6 | 234.2 | 281.0 | 272.1 | 230.9 |
| Net profit for the year | CHF m | 8.1% | 384.5 | 311.5 | 368.7 | 357.4 | 281.1 |
| Net profit for the year (recurring) | CHF m | 10.0% | 384.5 | 319.3 | 394.7 | 357.4 | 263.0 |
| Free cash flow | CHF m | 355.0 | 317.0 | 289.7 | 311.9 | 475.6 | |
| Adjusted Free cash flow² | CHF m | 314.9 | 403.8 | 256.8 | 316.6 | n/a |
Consolidated Balance Sheet
| CAGR (%) | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
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| Net working capital | CHF m | 4.5% | 1,241.8 | 1,192.0 | 1,363.2 | 1,074.4 | 1,042.5 |
| Non-current assets | CHF m | 4.7% | 2,977.9 | 2,800.1 | 2,650.0 | 2,505.5 | 2,477.7 |
| Capital expenditure | CHF m | 5.7% | 275.2 | 280.9 | 279.6 | 217.9 | 220.4 |
| Total assets | CHF m | 7.3% | 7,244.0 | 7,141.1 | 6,508.1 | 5,832.0 | 5,466.5 |
| Net debt | CHF m | 3.6% | 1,281.3 | 1,365.9 | 1,304.7 | 1,074.3 | 1,110.9 |
| Shareholders’ equity | CHF m | 6.2% | 2,682.9 | 2,353.5 | 2,399.3 | 2,269.8 | 2,111.2 |
Key Debt Ratios
| CAGR (%) | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
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| Return on invested capital (ROIC)³ | % | 12.2% | 10.3% | 12.5% | 12.2% | 11.0% | |
| Return on equity (ROE)³ | % | 14.3% | 13.2% | 15.2% | 15.7% | 12.5% | |
| Debt to equity ratio | % | 47.8% | 58.0% | 54.4% | 47.3% | 52.6% | |
| Interest coverage ratio | 7.8 | 6.9 | 5.2 | 7.2 | 4.9 | ||
| Net debt / EBITDA (recurring) | 1.7 | 1.9 | 1.5 | 1.5 | 1.9 | ||
| Capital expenditure/sales revenue | % | 3.8% | 4.1% | 3.8% | 3.1% | 3.2% |
Shares
| CAGR (%) | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated |
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| Share price at fiscal year‑end | CHF | 14.0% | 2,334 | 2,000 | 2,024 | 1,728 | 1,380 |
| Number of shares issued | 5,488,858 | 5,488,858 | 5,488,858 | 5,488,858 | 5,488,858 | ||
| Market capitalization at year‑end | CHF m | 14.0% | 12,811.0 | 10,977.7 | 11,109.4 | 9,484.7 | 7,574.6 |
| EBIT (recurring) per share | CHF | 6.4% | 103.4 | 89.6 | 109.7 | 101.0 | 80.6 |
| Basic earnings per share | CHF | 10.0% | 70.0 | 57.7 | 67.6 | 64.9 | 47.8 |
| Cash earnings per share | CHF | 64.8 | 57.8 | 52.9 | 56.9 | 86.7 | |
| Payout per share | CHF | 8.8% | 28.0 | 22.0 | 26.0 | 24.0 | 20.0 |
| Payout ratio | % | 40% | 39% | 39% | 37% | 39% | |
| Price-earnings ratio at year‑end | 33.3 | 34.7 | 30.0 | 26.6 | 28.9 |
Other
| CAGR (%) | 2020/21 | 2019/20 | 2018/19 | 2017/18 | 2016/17 restated | ||
| Employees | 5.0% | 12,783 | 12,335 | 12,257 | 11,570 | 10,528 | |
| Beans processed | Tonnes | 1.6% | 987,991 | 982,725 | 1,002,025 | 956,440 | 925,544 |
1 Financial performance measures, not defined by IFRS, are defined on page 182 of the Annual Report.
2 From fiscal year 2017/18 onwards, Adjusted Free cash flow is adjusted for the cash flow impact of cocoa bean inventories regarded by the Group as readily marketable inventories.
3 From fiscal year 2018/19 onwards calculated based on Pro-forma (IFRS 16) and from fiscal year 2017/18 onwards calculated based on Pro-forma (IFRS15)
