Cadbury Sees Revenue Growth and Market Share Improvement

LONDON - In video interviews released today, Cadbury, the global confectionary company, said its performance in the second quarter had improved “quite markedly” across all its categories - chocolate, gum and candy - confirming its belief that the de-stocking problems of the first quarter were now largely in the past.

Commenting on the first half results in a video interview with cantos.com, Todd Stitzer, CEO, said:

“Given the external circumstances, we were really pleased with the revenue growth we did deliver. Chocolate, particularly in the UK and emerging markets, was spectacular, growing 10 per cent across the board. Our gum and candy performance improved from the first quarter to the second quarter and our emerging markets as a whole did really well.”

Andrew Bonfield, CFO, said sales guidance for the full year remained unchanged but margin guidance had increased.

“We expect sales to be at the low end of our 4 to 6 per cent guidance range. However, given the performance of the business in the first half, we have increased our margin guidance for around 80 to 100 basis points for the full year.”

The interviews and transcripts are available now on w3.cantos.com/cadbury.

It’s free to view. All you need to do is register at www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives.

If you would like to contact us, please email enquiries@cantos.com or phone +44(0)207-936-1333.

Source: Cadbury Plc

If you would like to contact us, please email enquiries at cantos.com or phone +44(0)207-936-1333.