Barry Callebaut reports sales of 7.32 billion Swiss francs for the first nine months of its 2023-24 financial year, up 16.3% (+23.1% in local currencies), despite virtually stable sales volumes (+0.4%).

The Swiss chocolate maker explains that revenue growth was driven by the significant increase in cocoa prices, which it 'manages through its cost-plus pricing model for the majority of its activities'.

'Navigating cautiously in an uncertain environment', Barry Callebaut reiterates its annual guidance of stable volume and EBIT growth on a recurring basis at constant exchange rates.

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