BARRY CALLEBAUT : UBS remains Buy on the stock
The analyst believes that weak chocolate markets will have an impact on Barry Callebaut in the short term.
' We expect a timid start to the new 24E financial year - which is probably not a big surprise given the weakness of chocolate markets impacted by consumer price trends ' says UBS.
For its part, the Swiss chocolatier expects stable volumes and EBIT at constant exchange rates for the 2023-24 financial year, followed by a modest increase in underlying volumes and a stronger rise in EBIT in 2024-25 (excluding non-recurring BC Next Level costs).
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