(News Bulletin 247) – The chocolate maker Barry Callebaut evolved without much change on the Zurich Stock Exchange on Wednesday following the announcement of its half-year results and the arrival of a new managing director.
The company, which sells cocoa products, on Wednesday unveiled sales up 7.9% to 4.18 billion Swiss francs for the first half of its 2022/2023 financial year, which ended February 28.
The Swiss group explains that it benefited from the strength of commodity prices and the inflationary context, which enabled it to raise its prices.
But its sales in volume fell by 2.9% to 1.13 million tonnes.
Its net profit increased by more than 10% to 234.3 million francs, for operating profit (Ebit) up 6.7% to 348 million.
The group said it now aims for its 2022/23 financial year to grow its volumes between 0% and 5%, accompanied by an improvement in its operating profit.
Barry also announced the appointment of Peter Feld, a 57-year-old German who until now headed the investment company Jacobs Holding, to replace its managing director Peter Boone, who left for personal reasons.
Following these announcements, the action of the world’s leading chocolate maker rose just over 0.1% on Wednesday morning, in an equally stable Swiss stock market.
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