Swiss chocolate maker Chocolat Frey saw foreign exchange eat into sales in 2009 but claimed “record” operating profits.

The company, owned by Swiss retail giant Migros, posted a 3.4% fall in annual turnover to CHF368m (US$342.7m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Its domestic sales were flat at CHF265m but overseas revenues dropped 10.9% to CHF103m thanks to the weakness of sterling and the US dollar against the Swiss franc.

Nevertheless, Frey claimed it had maintained its “leadership” of the Swiss market and said it had generated a “record” operating profit.

Officials at Frey could not be reached for an immediate comment.

GlobalData Strategic Intelligence

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 GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now