Swiss chocolate maker Barry Callebaut boosts profits after price hikes

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Swiss chocolate maker Barry Callebaut boosts profits after price hikes

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. +Get the most important news from Switzerland in your inbox 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%. + How fillers and flavours help reduce cocoa in chocolate treats 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. + The chocolate of the future will have less cocoa or none …

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