Barry Callebaut N

Barry Callebaut announces a streamlined strategy that focuses resources on ten key countries and the gourmet and special-ingredients segments to improve growth, service and operational execution. The company reports volume growth in the third quarter for the first time in about two years, but warns of continued weak demand for classic chocolate and high cocoa prices of around USD 4,500/tonne. Management plans margin and mix improvements, a reduction of net debt toward 2.5–3.0x EBITDA, and an expansion of the gourmet and solutions offering as future sources of earnings. » Más en de.investing.com

Barry Callebaut has launched a three-year project with Arla Foods to reduce greenhouse gas emissions in the milk supply chain. Arla will provide annual primary data on the CO2 footprint of the milk volumes supplied at farm level to drive the decarbonization of milk procurement. The collaboration supports the chocolate and cocoa producer’s net zero strategy. » Más en finanzen.net

Barry Callebaut reports third-quarter volume growth for the first time in over two years, driven by a strong cocoa business and a recovery in North America and AMEA. Over nine months, however, revenue and volumes remain down as lower cake-linked selling prices and weakening end-demand weigh on results. Management has launched the "Focus for Growth" program and reduced gross debt via a buyback of euro bonds, but maintains a cautious profit outlook. Rising cocoa prices and a weak market environment temper recovery expectations; analysts are mostly skeptical and view the stock as fairly valued to undervalued. » Más en finanzen.net