Strong first half for Cadbury
Cadbury Plc said on Thursday that it had made a strong start to 2008, with revenue expected to be up four to six per cent in the first half. The chocolate bar maker said it had experienced good growth in all categories and had seen double-digit growth in emerging markets.
Cadbury 2007 profits dipThe group said it had achieved margins of at least 150bps and said that it had increased prices in order to recover higher input costs.
Cadbury said that it expected second quarter growth to be "modestly higher" than the seven per cent rise in like for like sales in the first quarter.
Todd Stitzer, CEO of Cadbury, said, "We're off to a strong start as a focused confectionary business and expect first half revenues above our goal range and good progress on margins."
He continued, "Despite the challenging economic outlook and further increases in input costs in the second half, we are confident of a successful outcome for 2008."
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