Barry Callebaut: sanctioned for cutting forecasts

(CercleFinance.com) - Barry Callebaut shares are down nearly 5% in Zurich, as the chocolate maker said at a trading update that it now expects sales volume for 2024-25 to fall to a low single-digit percentage.


Since the start of the year, cocoa bean prices have accelerated considerably, penalising market prices and demand, it says, which nevertheless confirms that it is targeting double-digit growth in recurring EBIT at constant exchange rates.

In Q1 2024-25, it posted sales of 3.45bn CHF, up 63.1% in local currencies, reflecting a jump of over 70% in cocoa bean prices, while sales volumes fell by 2.7%.


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