Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Barry Callebaut AG    BARN   CH0009002962

BARRY CALLEBAUT AG

(BARN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Barry Callebaut : La Morella Nuts introduces its Mediterranean Nut Craft to the world

11/20/2020 | 01:01am EST
Tapping into the growing consumer need for healthier indulgence and plant-based products
  • La Morella Nuts announces global expansion after decades of experience in Mediterranean Nut Craft in Spain
  • A global Center of Expertise for nuts is opened to offer a virtual and physical experience for customers, academics and associations to co-develop new ingredients and applications
  • La Morella Nuts introduces an indulgent specialty nut range for plant-based beverages, snacks and frozen treats for brands and artisans in a rapidly growing market

Specialty nut expert La Morella Nuts, who creates nut based ingredients full of taste and goodness for artisans and brands, announced global expansion after decades of experience in Mediterranean Nut Craft in Spain. With the expansion, the Mediterranean Nut Craft expert taps into the growing need for healthier indulgence and plant-based products around the world.

Personal and environmental health

Similar to the Mediterranean lifestyle, millennials and centennials from around the globe are looking for tasty, nutrient-dense food & drink such as plant-based, vegan and high-in-protein options. Since the pandemic the need for personal and environmental health is also increasing among older generations. The taste, texture and health benefits that nuts offer, further increases the popularity of the category.
Almond is the most popular milk alternative and the plant-based drink category leader, representing more than $ 1 billion per year in sales in the US alone1. Hazelnut and cashew are also increasingly popular. Between 2015 and 2019 the amount of nut-based vegan drinks, desserts and frozen desserts launches has tripled2. The global non-dairy market is expected to increase year on year3 in drinks (6.3%), yogurts (16.7%) and ice cream (21.6%) until 2024.

1The Good Food institute (2020) - Almond is the most popular milk alternative and the plant-based drink category leader
2Innova (2020) Amount of non-dairy products tripled 2015-2019
3Euromonitor (2020) estimated growth rate 2020-2024 y-o-y

With our brand La Morella Nuts, we offer artisans and brands nut-based experiences that are tasty, nutritious and good for the planet. Exactly what the next generation of consumers around the globe is looking for. That's why today we further expand our services from the Mediterranean nut groves to the globe.
Pablo Perversi, Chief Innovation, Sustainability & Quality Officer and Global Head of Gourmet at Barry Callebaut
Mediterranean Nut Craft solutions for the world

La Morella Nuts will further expand in Europe and Asia Pacific as of today. North America's
expansion starts in 2021. With the new plans and the opening of its Global Center of Expertise for nuts, La Morella aims to provide solutions to brands and artisans across the world.

Fuel global innovation with opening global Center of Expertise

To provide solutions to brands and artisans the state-of-the art center in Reus, Spain, combines expertise in taste and texture, sourcing and sustainability, as well as application knowledge. The brand also welcomes academics and nuts associations to the Center to further develop and broaden the knowledge about nuts.

It offers an immersive virtual and physical journey from the Mediterranean nut orchards to the consumer application. With the use of the Nut Sensory Language customers learn how to differentiate taste, texture and flavour in nut experiences.

Wide palette of tastes with new specialty nut range

With decades of experience in Mediterranean Nut Craft, La Morella Nuts is known as a supplier of high quality nut products from caramelized pieces to roasted ground nut pastes. Leveraging its expertise, La Morella Nuts introduces an indulgent specialty nut range for plant-based beverages, snacks and frozen treats for brands and artisans. The range consists of a selection of fillings and nut pastes, also known as nut butters. It is made from almonds, pistachios, and hazelnuts, among other nuts. A wide palette of tastes is crafted thanks to several levels of roasting. The range is available dairy-free, single origin and organic upon request. The ingredients are available as of today throughout Europe and Asia Pacific. The nut brand plans to introduce a range in North America in the second half of 2021.

As part of Barry Callebaut's commitment to sustainability, La Morella Nuts aims to secure the future of nuts by addressing the key topics in the industry such as water scarcity and loss of biodiversity. La Morella Nuts aims to have all of its nuts sustainably sourced by 2025.

Based in Reus, part of the main nut-growing region of Spain, La Morella Nuts was founded in 1986. It was acquired by Barry Callebaut in 2012 as part of the Group's strategy to offer value-adding products complementing its chocolate offering.

About Barry Callebaut Group:

With annual sales of about CHF 6.9 billion (EUR 6.4 billion / USD 7.1 billion) in fiscal year 2019/20, the Zurich- based Barry Callebaut Group is the world's leading manufacturer of high-quality chocolate and cocoa products - from sourcing and processing cocoa beans to producing the finest chocolates, including chocolate fillings, decorations and compounds. The Group runs more than 60 production facilities worldwide and employs a diverse and dedicated global workforce of more than 12,000 people.

The Barry Callebaut Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The global brands catering to the specific needs of these Gourmet customers are Callebaut® and Cacao Barry®, Carma® and the decorations specialist Mona Lisa®.

The Barry Callebaut Group is committed to make sustainable chocolate the norm by 2025 to help ensure future supplies of cocoa and improve farmer livelihoods. It supports the Cocoa Horizons Foundation in its goal to shape a sustainable cocoa and chocolate future.

Bas Smit
Working as Global Vice President Marketing of Barry Callebaut. Native Dutch, married and father of four kids, he loves nature and sports. He believes that to build businesses, define destinations and drive change, the answers are in the world around us.

Disclaimer

Barry Callebaut AG published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 06:00:03 UTC


© Publicnow 2020
All news about BARRY CALLEBAUT AG
01:08aBARRY CALLEBAUT : launches “#oneBC”, its Diversity & Inclusion Strat..
PU
01/18Ghana 2020/21 G&S cocoa arrivals up 2.2% from last season -COCOBOD
RE
01/13Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows
RE
01/13As people eat less chocolate, cocoa beans pile up
RE
01/12REFILE-Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows
RE
01/05BARRY CALLEBAUT AG : Ex-dividend day for final dividend
FA
2020BARRY CALLEBAUT : Goldman Sachs Lifts Price Target on Barry Calleb-Reg, Maintain..
MT
2020BARRY CALLEBAUT : Voting results - English
PU
2020BARRY CALLEBAUT : Annual General Meeting 2020 of Barry Callebaut AG
PU
2020BARRY CALLEBAUT : Forever Chocolate Assurance Report 2019/20
PU
More news
Financials
Sales 2021 7 238 M 8 158 M 8 158 M
Net income 2021 355 M 400 M 400 M
Net Debt 2021 1 149 M 1 295 M 1 295 M
P/E ratio 2021 31,2x
Yield 2021 1,29%
Capitalization 10 985 M 12 335 M 12 381 M
EV / Sales 2021 1,68x
EV / Sales 2022 1,56x
Nbr of Employees 12 335
Free-Float 53,5%
Chart BARRY CALLEBAUT AG
Duration : Period :
Barry Callebaut AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BARRY CALLEBAUT AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 2 063,67 CHF
Last Close Price 2 006,00 CHF
Spread / Highest target 17,6%
Spread / Average Target 2,87%
Spread / Lowest Target -18,2%
EPS Revisions
Managers and Directors
NameTitle
Antoine Bernard de Saint-Affrique Chief Executive Officer
Patrick de Maeseneire Chairman
Olivier Delaunay Chief Operating Officer
Remco J. Steenbergen Chief Financial Officer
Steven Vandamme Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
BARRY CALLEBAUT AG-4.66%12 335
LINDT & SPRUENGLI-3.73%21 650
MORINAGA & CO., LTD.-0.52%1 874
KOTOBUKI SPIRITS CO., LTD.0.56%1 619
CLOETTA AB (PUBL)-1.55%834
GUAN CHONG-2.62%665