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Barry Callebaut publishes transcript of analyst call on 9-month FY2025/26 key sales figures

PUBT·07/14/2026 07:45:38
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Barry Callebaut publishes transcript of analyst call on 9-month FY2025/26 key sales figures
  • Barry Callebaut released a transcript of its July 9, 2026 9-month FY2025/26 analyst call attended by CEO Hein Schumacher, CFO Peter Vanneste, IR head Sophie Lang.
  • Management lifted full-year volume outlook to about -1% while keeping guidance for a mid-teens recurring EBIT decline in local currencies.
  • Q3 volumes returned to growth, led by Global Cocoa demand after a cocoa product price correction; Group volumes fell -2.8% over nine months.
  • Euro bonds buyback totaled EUR 849 million; upfront cost about CHF 15 million; net finance cost now seen around CHF 330 million.
  • Leverage target reiterated below 3x net debt/EBITDA recurring at a GBP 3,000 bean price; CFO cited CHF 60-70 million working-capital sensitivity per GBP 100.


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