Barry Callebaut (BYCBF.PK), the cocoa processor and chocolate maker, reported first-quarter sales revenue of 3.669 billion Swiss francs. This represented an increase of 8.9 percent in local currencies and 6.4 percent in Swiss francs. The growth was largely driven by higher year-on-year cocoa pricing, which is now showing signs of stabilizing as cocoa bean prices have recently declined.
Sales volume in the Global Chocolate segment fell by 6.8 percent, reflecting the overall decline in the chocolate confectionery market of 6.1 percent. The decrease was further affected by the temporary suspension of production at the St. Hyacinthe facility in Canada, an issue that has since been resolved.
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