Barry Callebaut seen up as quarterly volumes return to growth after 2 years

Barry Callebaut AG

09/07/2026 07:46

** Shares in Barry Callebaut BARN.S rise 4.6% in Julius Baer pre-market indications after the Swiss chocolate maker reported its first quarterly volume growth in over two years
** Analysts at Kepler Cheuvreux say it is "good to see a volume recovery" after two years of decline, noting how the beat was driven by Barry Callebaut's lower-margin cocoa business
** This likely explains why the company kept its EBIT outlook unchanged despite raising its volume guidance, they add
** Kepler Cheuvreux also flags risks from rising cocoa prices for Barry Callebaut's balance sheet and the chocolate market's volume recovery
** Vontobel says Q3 marks a "key turning point", with positive volumes for the first time in over two years, and says focus should now shift to execution of Barry Callebaut's "Focus for Growth" strategy


 (Reporting by Kira Britten)
 ((Kira.britten@thomsonreuters.com))