Swiss chocolate maker Barry Callebaut suffered from soaring cocoa prices in the first half of the 2024-2025 financial year.
+ Get the most important news from Switzerland in your inbox
While sales volumes and profitability declined, the cocoa products manufacturer was able to boost its revenues by increasing its own prices.
Between September 2024 and February 2025, the price of cocoa beans soared by 95%, forcing the group to pass on this increase to its customers. While sales volumes fell by 4.7% year-on-year to 1.09 million tonnes, revenues jumped by 56.9% to CHF7.29 billion, according to a press release published on Thursday.
On the other hand, recurring operating profit (Ebit) fell by 2.9% to CHF329.6 million, while recurring net profit dropped by 70.6% to CHF63.5 million.
More
More
How the humble cocoa bean gets turned into chocolate and money
While sales exceeded the expectations of analysts polled by AWP, sales volumes and profitability missed the mark.
Management has confirmed that it is targeting savings of CHF250 million, 75% of which will be visible in the bottom line, through its BC Next Level efficiency programme. But these cost reductions will only be visible with a 12-month delay because of “a highly volatile market environment”, it added.
More
More
Swiss chocolate sales stagnate amid rising cocoa prices
Translated from French with DeepL/mga
How we work
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. A journalist then briefly reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team.
Did you find this explanation helpful? Please fill out the short survey on this page to help us understand your needs.
You Might Also Like
Negative interest rates ‘in interests of country’, says Swiss central bank
2025-02-14
SNB Governing Board member emphasizes the importance of negative interest rates
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
Switzerland’s bankruptcy fraudsters
2025-02-05
Bankruptcy fraudsters like Benoît* are probably just the tip of the iceberg, says the Swiss TV report.
RTS
Listen to the article
Listening the article
Toggle language selector
English (US)
UBS boss rejects stricter capital requirements
2025-01-31
UBS: Ermotti reiterates no to stricter capital requirements
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
More parcels stolen in French-speaking Switzerland
2024-12-13
Keystone / Michael Buholzer
Listen to the article
Listening the article
Toggle language selector
English (US)
English (British)
UBS study finds billionaires’ wealth more than doubled in 10 years
2024-12-05
UBS: Billionaires’ wealth more than doubled in ten years
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
Swiss Federal Railways expects to finish 2024 in the black
2024-11-23
SBB expects a profit, as in 2023
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
How can Switzerland prepare for Trump 2.0?
2024-11-21
As he did during his first term in office, president-elect Trump is pushing an "America First" foreign policy agenda.
Copyright 2024 The Associated Press. All Rights Reserved.
Listen to the article
Listening the article
Toggle language selector
English (US)
Corporate efforts to expand access to medicine stumble
2024-11-19
The Access to Medicine Foundation has been assessing efforts to expand access to medicine by the 20 largest pharmaceutical companies since 2008.
Copyright 2021 The Associated Press. All Rights Reserved.
Listen to the article
Listening the article
Toggle language selector
English (US)
Tags: Featured,newsletter
