Barry Callebaut 5-year results overview

Barry Callebaut's financial results 5-year overview from fiscal year 2015/16 to fiscal year 2019/20

Key figures Barry Callebaut Group¹

Consolidated Income Statement

    CAGR (%) 2019/20 2018/19 2017/18 2016/17
restated
2015/16
               
Consolidated Income Statement
Sales volume Tonnes 3.4% 2'095'982 2'139'758 2'035'857 1'914'311 1'834'224
Sales revenue CHF m 0.8% 6'893.1 7'309.0 6'948.4 6'805.2 6'676.8
Gross profit CHF m 5.4% 1'063.7 1'197.2 2 1'157.1 958.8 863.2
EBITDA (recurring)³ CHF m 7.2% 711.9 775.0 728.3 592.1 539.4
Operating profit (EBIT) CHF m 4.7% 483.2 601.2 554.0 460.2 401.7
Operating profit (EBIT, recurring)³ CHF m 5.1% 491.0 601.2 554.0 442.1 401.7
EBIT (recurring) / sales revenue %   7.1% 8.2% 8.0% 6.5% 6.0%
EBIT (recurring) per tonne CHF 1.7% 234.2 281.0 272.1 230.9 219.0
Net profit for the year CHF m 9.2% 311.5 368.7 357.4 281.1 219.0
Net profit for the year (recurring)³ CHF m 9.9% 319.3 394.7 357.4 263.0 219.0
Free cash flow CHF m   317.0 289.7 311.9 475.6 430.9
Adjusted Free cash flow⁴ CHF m   403.8 256.8 316.6 n/a n/a

 

Consolidated Balance Sheet

    CAGR (%) 2019/20 2018/19 2017/18 2016/17
restated
2015/16
Consolidated Balance Sheet
Net working capital CHF m (3.5%) 1'192.0 1'363.2 1'074.4 1'042.5 1'374.2
Non-current assets CHF m 5.0% 2'800.1 2'650.0 2'505.5 2'477.7 2'301.0
Capital expenditure CHF m 8.7% 280.9 279.6 217.9 220.4 201.0
Total assets CHF m 6.1% 7'141.1 6'508.1 5'832.0 5'466.5 5'640.8
Net debt CHF m (1.5%) 1'365.9 1'304.7 1'074.3 1'110.9 1'452.8
Shareholders’ equity CHF m 4.7% 2'353.5 2'399.3 2'269.8 2'111.2 1'956.3

Ratios

    CAGR (%) 2019/20 2018/19 2017/18 2016/17
restated
2015/16
Ratios
Return on invested capital (ROIC)⁵ %   10.3% 12.5% 12.2% 11.0% 9.5%
Return on equity (ROE)⁵ %   13.2% 15.2% 15.7% 12.5% 11.2%
Debt to equity ratio %   58.0% 54.4% 47.3% 52.6% 74.3%
Interest coverage ratio     6.9 5.2 7.2 4.9 4.0
Net debt / EBITDA (recurring)     1.9 1.5 1.5 1.9 2.7
Capital expenditure / sales revenue %   4.1% 3.8% 3.1% 3.2% 3.0%

Shares

    CAGR (%) 2019/20 2018/19 2017/18 2016/17
restated
2015/16
Shares
Share price at fiscal year-end CHF 12.2% 2'000 2'024 1'728 1'380 1'264
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 12.2% 10'977.7 11'109.4 9'484.7 7'574.6 6'937.9
EBIT (recurring) per share CHF 5.2% 89.6 109.7 101.0 80.6 73.2
Basic earnings  per share CHF 9.9% 57.7 67.6 64.9 47.8 39.5
Cash earnings per share CHF   57.8 52.9 56.9 86.7 78.6
Payout per share CHF 9.1% 22.0 26.0 24.0 20.0 15.5
Payout ratio %   39% 39% 37% 39% 39%
Price-earnings ratio at year-end     34.7 30.0 26.6 28.9 32.0

Other

    CAGR (%) 2019/20 2018/19 2017/18 2016/17
restated
2015/16
Other
Employees   5.7% 12'335 12'257 11'570 10'528 9'898
Beans processed Tonnes 2.3% 982'725 1'002'025 956'440 925'544 898'135

 

1 Financial performance measures, not defined by IFRS, are defined on page 182.

2 Certain items previously classified under Other income and Other expense are now classified under the functional they relate. This resulted in a CHF 8.8 million increase in Gross profit in fiscal year 2018/19.

3 EBITDA recurring, Operating profit (EBIT) recurring and Net profit recurring exclude the cost of CHF  7.8 million for the closure of the Makassar, Indonesia, cocoa factory.

4 From fiscal year 2017/18 onwards, adjusted Free cash flow is presented for the cash flow impact of cocoa bean inventories regarded by the Group as readily marketable inventories.

5 From fiscal year 2018/19 onwards calculated based on Pro-forma (IFRS 16) and from 2017/18 onwards calculated based on Pro-forma (IFRS 15). For the current year impact of IFRS 16 refer to pages 46–49.

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Your Barry Callebaut Group Contacts

Claudia Pedretti
Head of Investor Relations
+41 43 204 04 23