Barry Callebaut today (30 June) stuck to its mid-term targets for volume and EBIT growth despite the prospect of continued “volatile” and “high” commodity costs.
The Switzerland-based chocolate maker confirmed its forecast for annual volumes to rise 6-8% and for average EBIT – when measured in local currencies – to match that growth for the current financial year and for the next two fiscal years.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company reaffirmed its outlook after reporting its volume and revenue results for the first nine months of its current financial year, which ends on 31 August.
Barry Callebaut posted a 12.5% increase in revenue when sales were measured in local currencies for the first nine months of the year. In Swiss francs, revenue was up 1.6% at CHF3.99bn (US$4.78bn). Volumes rose 7.3%.
In April, when Barry Callebaut published its sales for the first six months of the financial year, its turnover climbed 13.2% in local currencies and 3.1% in Swiss francs. Volumes increased 7.1%.
CEO Juergen Steinemann said: “We were able to keep the growth momentum in a challenging market environment.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataShares in Barry Callebaut, which makes chocolate for the likes of Kraft Foods, Hershey and Nestle, were down 0.24% at CHF829 at 11:57 CET.
