Blog: Dean BestBarry Callebaut remains a sweet investment

Dean Best | 21 January 2009

Shares in chocolate maker Barry Callebaut tumbled today (21 January) – at the time of writing, they were down by more than 15% – but investors should remain upbeat about the Swiss firm's prospects.

Sure, first-quarter revenues may have been hit by currency fluctuations and the economic downturn may have whacked sales in western Europe.

However, the market should not be spooked by the fact that Callebaut missed some analysts' forecasts.

The company remains a good long-term bet. Its investment in some of the world's most buoyant emerging chocolate markets – take, for example, its recent spending in Mexico – and its deals with the likes of Cadbury and Nestle mean Callebaut is well positioned to thrive once the economic storm clouds pass.


BLOG

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

BLOG

Reckitt Benckiser clears final Mead Johnson hurdle

The final regulatory approval needed for the UK-based consumer goods giant's takeover of the US infant formula maker has been received, with the US$17.9bn deal set to be completed on Thursday (15 June...

BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

just-food homepage



Forgot your password?