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Barry Callebaut updates mid-term target based on new strategy

2023.11.01 02:36

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© Reuters. FILE PHOTO: Empoyees of chocolate and cocoa product maker Barry Callebaut prepare chocolates after the company’s annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd Wiegmann/File Photo

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(Reuters) – Barry Callebaut, the world’s biggest chocolate maker, on Wednesday updated its mid-term volume target following the new strategy it announced in September.

The Swiss firm expects volumes to rise by a low to mid single-digit percentage over the next three years, after previously forecasting average volume growth of below 5% in the same period.

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