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Barry Callebaut
Barry Callebaut (BARN) investor relations material
Barry Callebaut Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary21 Jan, 2026
Executive summary
Group sales volume declined 9.9% year-over-year, impacted by challenging markets and a temporary production suspension in Canada.
Hein Schumacher appointed as new CEO effective January 2026, succeeding Peter Feld, signaling a shift from transformation to growth leadership.
Strategic focus remains on innovation, with around 600 cacao coating R&D projects and the rollout of ChoViva, a non-cocoa chocolate alternative.
BC Next Level transformation nearly complete, with most initiatives now embedded.
Sales revenue increased by 8.9% in constant currency to CHF 3.7 billion, driven by higher cocoa pricing, though prices are now stabilizing.
Financial highlights
Global Chocolate volumes declined 6.8%, in line with a 6.1% market decline; Global Cocoa volumes dropped 22.0% due to weak demand and strategic prioritization.
North America volumes down 14%, with about half the decline due to the Saint-Hyacinthe plant closure.
AMEA region achieved 0.6% volume growth, led by China and India, outperforming the market.
Cacao coatings (compound) saw flat growth in a declining market, with strong momentum in supercompound and growth in Western Europe and AMEA.
Sales revenue rose 8.9% in local currencies (6.4% in CHF) to CHF 3,669.4 million.
Outlook and guidance
Fiscal year 2025/26 outlook confirmed: group volume expected to see a mid single-digit decrease, with Global Chocolate and Cocoa both declining.
EBIT recurring growth projected at low to mid single digits in local currencies; double-digit growth in recurring Profit Before Tax.
Free cash flow guidance remains CHF 1 billion for the year, with most generation expected in H2.
Net debt/EBITDA recurring targeted below 3.5x by August 2026.
Lower cocoa bean prices and increased forward bookings signal early signs of market stabilization and future growth.
Cocoa price assumption for deleveraging?
ChoViva international rollout strategy details?
Global Cocoa's higher return segments?
Will BC Next Level savings be reinvested for growth?
Customer promotions: When will volumes recover?
Current cocoa prices: impact on deleveraging target?
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Next Barry Callebaut earnings date
Q2 202616 Apr, 2026
Barry Callebaut
Next Barry Callebaut earnings date
Q2 202616 Apr, 2026
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Frequently asked questions
Barry Callebaut AG is a manufacturer of high-quality chocolate and cocoa products, serving the food industry globally. The company provides a wide range of products including cocoa powders, chocolate coatings, fillings, and decorations for confectionery, bakery, and beverage applications. Barry Callebaut caters to food manufacturers, artisanal chocolatiers, and professional chefs. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX Swiss Exchange.
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