How did Tony's Chocolonely perform financially in the last year?

Tony's Chocolonely reported revenues of 240 million euros, a one-fifth increase from the previous year, and achieved an operating profit of 200,000 euros.

What challenges did Tony's Chocolonely face?

The company dealt with rocketing cocoa prices, a decade-low mid-crop harvest, and had to recall two product batches due to potential contamination with small stones and metal fragments.

Which market showed the most significant growth for Tony's Chocolonely?

The United States market experienced a 50% revenue surge, becoming the brand's largest market and surpassing the Netherlands.

Home / Business and Economy / Tony's Chocolate Soars Despite Price Hikes & Recalls

Tony's Chocolate Soars Despite Price Hikes & Recalls

3 Feb

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Summary

Tony's Chocolonely achieved revenue growth of one-fifth, reaching 240 million euros.
US sales surged 50%, making it the largest market for the brand.
Despite cocoa cost challenges, sales volume grew by 4% year-on-year.

Tony's Chocolate Soars Despite Price Hikes & Recalls

Tony's Chocolonely has achieved notable success, reporting a one-fifth increase in revenues to 240 million euros in the year ending September. This growth occurred despite significant challenges, including rocketing cocoa prices and a recall of two product batches due to potential contamination with small stones and metal fragments.

The Dutch chocolatier's sales volume increased by 4% year-on-year, indicating that revenue growth was driven by both price adjustments and increased customer purchases. The United States market proved exceptionally strong, with revenues soaring by 50% to become Tony's largest market, overtaking the Netherlands.

In the UK and Ireland, revenues also saw a healthy 14% rise, totaling 51.2 million euros. Chief Executive Douglas Lamont highlighted the company's resilience, noting that while the industry faced volume declines due to price increases, Tony's managed to grow its own volume. The company also reported an operating profit of 200,000 euros, a reversal from a loss in the prior year.