January 22, 2025Reuters
(Reuters) – Swiss chocolatier Barry Callebaut reported lower-than-expected sales volumes for its first quarter on Wednesday, hit by price negotiations between customers and retailers as well as order delays, while cocoa prices hit a record high. record level.
The group, which supplies chocolate for Unilever’s Magnum ice cream and Nestlé’s KitKat bars, said its sales volume fell 2.7% to 565,000 tonnes in the quarter ending November 30, as that analysts were counting on 568,000 tonnes according to a consensus provided by the company.
Barry Callebaut forecasts a single-digit percentage decline for the full year.
The group had previously anticipated a stable cocoa sales volume for the fiscal year, with the raw material trading at around 8,700 pounds (10,306.13 euros) per metric ton in London.
-The group also announced it would issue a bond of 300 million Swiss francs ($317.86 million) to address high costs and ensure liquidity.
(Written by Paolo Laudani, French version Elena Smirnova, edited by Augustin Turpin)
Belgium
