Barry Callebaut N

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. » Altro su finanzen.net

Barry Callebaut reported third-quarter volume growth of 5.7% — its first positive quarter in over two years — while cumulative volumes for the first nine months nevertheless fell 2.8% to 1,557,239 tonnes. Revenue in the first nine months declined from CHF 10.95bn to CHF 9.56bn, mainly due to a 47% drop in average cocoa prices on the futures market. Management cut the annual volume forecast to around -1% (an improvement) but left the recurring EBIT forecast unchanged at a decline in the mid-teens in local currencies. Analyst sentiment remained negative (Deutsche Bank reiterated "Sell" and cut the price target to CHF 960), after which the stock fell about 4.1% to CHF 1,135. » Altro su de.investing.com

Barry Callebaut reported a 5.7% volume increase in the third quarter, putting the group back on a growth path, although volumes for the first nine months remained 2.8% below the prior year at 1.557 million tonnes. Revenue for the nine months fell 12.7% to CHF 9.56 billion, mainly due to significantly lower cocoa prices and currency effects. The cocoa business grew 18% in the third quarter, driven by regions such as AMEA, while North America remained weak due to supply issues. Barry Callebaut confirmed its full-year outlook of around a 1% volume decline, expects recurring EBIT to fall in the mid‑teens percentage range, aims for net debt below three times EBITDA, and will adjust its regional structure effective 1 September. » Altro su finanzen.net