date:Jul 04, 2014
n earlier years.
Low cocoa powder prices also discouraged aggressive expansion of production.
As we continue to focus on increasing our product margins, we concentrated on selective growth in developed markets, Chief Executive Juergen Steinemann said in a statement.
On a stand-alone basis, nine-month sales volumes rose 2.4 percent. This was below the group's mid-term target of 6-8 percent per year, and slower than the 3.1 percent achieved in the first half of the year.
Including the cocoa bu