Cadbury announced full year 2007 results that were more or less in line with analysts’ expectations. Revenue income increased to £7.97 billion, a 7% increase year over year. However, operating profit decreased by 2%, and now stands at £788 million, affected negatively mainly by currencies.
Forecast
For 2008, Cadbury expects its Confectionary business to have organic sales growth between 4 and 6%. For 2007, organic sales growth was 7%. Cadbury is confident that they can improve margins following price increases and cost cutting.
Bitter-sweet news for chocolate lovers, but also for the “purple” company’s employees… as there rumours that the company might as well proceed to closure of 15% of its factories worldwide and cut about 7,800 jobs.
About Cadbury
Cadbury is a business with roots dating all the way back to 1824. It was founded by John Cadbury, a Quaker cocoa and tea business owner. Since then, it has grown into one of the most well-loved chocolate manufacturers in the world.
The business continues to be family-owned with an incredible selection of dairy milk, oreo truffles, and creme eggs that everyone loves. Cadbury also plays an active role of championing environmental issues while maintaining its status as good corporate citizens.
Even after nearly two centuries of being in business, this company still holds itself to the same high standards they set when they were first established by John Cadbury.
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