Barry Callebaut: stock buoyant after annual results
(CercleFinance.com) - Barry Callebaut shares are up nearly 4% in Zurich, following the publication of recurring net profit of 417.
5m CHF and recurring EBIT of 704.4m CHF for 2023-24, down 2% and up 12.7% in local currencies respectively.
At almost 10.4bn CHF, the Swiss chocolate maker's sales rose 28.1% in local currencies, driven by accelerating cocoa bean prices, while its volume sales remained virtually flat.
Our teams faced an unprecedented cocoa environment, while implementing our BC Next Level strategic program to improve services for our customers worldwide, CEO Peter Feld said.
A stable dividend of 29 Swiss francs per share will be proposed 2023-24. Regarding 2024-25, Barry Callebaut anticipates flat volumes in a difficult market, as well as double-digit growth in current EBIT in local currencies.
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