Swiss chocolate maker Barry Callebaut boosts profits after price hikes

Barry Callebaut grows thanks to price increases in 2024/25 Keystone-SDA

Swiss chocolate maker Barry Callebaut saw its profits increase in the 2024/25 financial year (to the end of August), despite a selling less chocolate.

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Revenues rose by 42.4% to CHF14.79 billion, boosted by price increases, the cocoa products processor and trader reported on Wednesday.

Sales volumes fell by 6.8% to 2.13 million tonnes. Global chocolate saw volumes fall by 5.3%, while Global Cocoa saw volumes fall by 12.8%.

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Operating profit (Ebit) rose by 42.4% to CHF635.1 million, while recurring Ebit remained stable (-0.1%) at CHF703.4 million.

Net profit came to CHF188.4 million, down 1.3% on the year. Excluding the effect of exchange rates, however, it rose by 7.2%. Recurring net profit fell by 40.2%, or 35.9% in local currencies, to CHF249.6 million. This was due to lower volumes and investments.

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The proposed dividend for shareholders is CHF29 per share.

These figures are in line with AWP consensus analyst projections.

The company is forecasting a return to growth, expecting a pressurised environment in the first half of the current financial year and an improvement in the second.

Translated from French by DeepL/mga

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