SHERIDAN, WYOMING – Jan. 22, 2025 - The Barry Callebaut Group, the world's leading manufacturer of chocolate and cocoa products, today announced its financial results for the first quarter of fiscal year 2024/25 (ended November 30, 2024).
Key Highlights
- Sales volume: 565,238 tonnes, down 2.7% from 580,876 tonnes in Q1 2023/24.
- Sales revenue: CHF 3,449.8 million, up from CHF 2,241.1 million in Q1 2023/24.
- EBIT recurring: CHF 264 million, up from CHF 193 million in Q1 2023/24.
- Earnings per share: CHF 1.23, up from CHF 0.91 in Q1 2023/24.
Management Commentary
Peter Feld, CEO of the Barry Callebaut Group, commented: "We are pleased with our results in the first quarter of fiscal year 2024/25. Our sales volume was in line with the market, despite challenging conditions. We were able to increase our sales revenue and profitability thanks to strong pricing and cost management. We are confident that we can continue to deliver strong results in the remainder of the year."
Outlook
The Group reaffirms its full-year 2024/25 guidance for double-digit EBIT recurring growth in constant currency. However, it has lowered its sales volume guidance to a low single-digit decrease from a mid-single-digit increase previously.
About the Barry Callebaut Group
The Barry Callebaut Group is the world's leading manufacturer of chocolate and cocoa products. With annual sales of about CHF 10.4 billion in fiscal year 2023/24, the Group has a broad portfolio of brands and products, serving the needs of industrial food manufacturers, artisanal and professional users of chocolate, and consumers. The Group is committed to sustainable cocoa and has a number of initiatives in place to improve the livelihoods of cocoa farmers and protect the environment.
For more information, please visit the Barry Callebaut Group website at www.barry-callebaut.com.
Important Notes:
- This press release contains forward-looking statements that are based on current expectations and beliefs. Actual results may differ materially from those expressed or implied in these forward-looking statements.
- All figures in this press release are in Swiss francs unless otherwise stated.