Barry Callebaut is up nearly 4% in Zurich, following the publication of recurring net profit of 417.5 million Swiss francs and recurring EBIT of 704.4 million for its 2023-24 financial year, down 2% and up 12.7% in local currencies respectively.

At almost 10.4 billion Swiss francs, the Swiss chocolate maker's sales rose by 28.1% in local currencies, driven by accelerating cocoa bean prices, while its volume sales remained virtually stable.

Our teams faced an unprecedented cocoa environment, while implementing our BC Next Level strategic program to improve services for our customers worldwide", comments CEO Peter Feld.

A stable dividend of 29 Swiss francs per share will be proposed for 2023-24. For 2024-25, Barry Callebaut anticipates stable volumes in a difficult market, as well as double-digit growth in current EBIT in local currencies.

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