$BARN.SW

4 stories mentioning BARN.SW

Every FINWIRES story that references BARN.SW, newest first.

Swiss Market Index Remains in Red; SIG Group Shares Rise

The Swiss Market Index remained in negative territory on Tuesday, closing 0.13% lower, as investors mull over a barrage of corporate earnings releases amid a quiet day of local economic news.Pharmaceutical major Novartis (NOVN.SW), packaging company SIG Group (SIGN.SW), machinery industry company Bucher Industries (BUCN.SW), and biopharmaceutical group Idorsia (IDIA.SW) were among Switzerland-listed companies that published financial results.SIG Group saw its shares jump 12.82% as it reported a year-over-year surge in first-quarter net income to 67.3 million euros from 15.6 million euros, mainly driven by unrealized gains from polymer derivatives and aluminum. The Switzerland-based packaging company's total revenue, on the other hand, declined to 714.3 million euros from 745.9 million euros. For 2026, the group maintained its guidance of total revenue growth within the 0% to 2% range at constant currency and constant resin.Meanwhile, Berenberg cut its price target for Barry Callebaut (BARN.SW) to 1,268 francs from 1,487 francs, with the stock's hold rating unchanged, following the Swiss chocolate and cocoa products group's fiscal 2026 EBIT guidance downgrade amid a disruption in cocoa bean prices."The company is now guiding to a mid-teen decrease in EBIT, which reflects considerably less optimistic expectations relative to guidance reiterated as part of its Q1 2026 results, which estimated low- to mid-single-digit growth in EBIT. While volume guidance was upgraded slightly, we expect subdued volume trends to persist until there is a meaningful inflection in downstream chocolate sales," the research firm said. Barry Callebaut was up 1.53%.Elsewhere and in economic news, the European Central Bank's latest Consumer Expectations Survey showed that median expectations for inflation in the next 12 months rose to 4% in March from 2.5% a month before. The estimate for the next three years also increased to 3% from 2.5%, while the expectation for five years ahead ticked up to 2.4% from 2.3%.

^SSMI$BARN.SW$BUCN.SW$IDIA.SW$NOVN.SW$SIGN.SW

Research59d ago

Kepler Cheuvreux Downgrades Barry Callebaut to Reduce, Cuts PT

Kepler Cheuvreux on Thursday downgraded Swiss chocolate producer Barry Callebaut (BARN.SW) to reduce from hold and lowered its price target to 1,000 francs from 1,300 francs.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$BARN.SW

Asia Markets60d ago

Swiss Market Index Extends Losses; Barry Callebaut Plummets

The blue-chip Swiss Market Index closed Thursday's trading session 0.35% in the red, extending its losses, as investors took stock of the latest economic and corporate releases across key markets.Switzerland's monthly producer and import price index edged up 0.2% month over month in March amid an increase in petroleum product and natural gas prices, according to the Federal Statistical Office. On an annual basis, producer and import prices fell 2.7%.Elsewhere, the annual inflation rate in the euro area climbed to 2.6% in March from 1.9% in February, while the annual core inflation rate declined to 2.3% from 2.4%, Eurostat's final data showed. In the UK, the country's monthly real gross domestic product rose 0.5% in February, following an upwardly revised 0.1% growth in January.Back home and in corporate news, Roche (RO.SW) agreed to purchase Saga Diagnostics for up to $595 million, including commercial and regulatory milestone payments, giving it access to Saga's tumor-informed molecular residual disease platform Pathlight. The deal is expected to complete in the third quarter. Shares of the drugmaker were down 0.67% at closing.Meanwhile, Barry Callebaut (BARN.SW) plummeted 15.59% after reporting a year-over-year drop in fiscal first-half revenue to 6.75 billion francs from 7.29 billion francs, as sales volumes fell 6.9% to 1,010,247 tonnes. Net profit increased over the period. For fiscal 2026, the Swiss chocolate and cocoa products group expects a mid-teens decline in recurring EBIT in local currencies but noted that its profitability outlook is subject to potential impacts from disruption in the Middle East."In the first half of our fiscal year, cocoa bean prices decreased, which is encouraging for future chocolate market momentum and supported strong free cash flow generation," Chief Executive Officer Hein Schumacher said. "Yet the unique speed of the market decrease combined with a competitive overcapacity market, volume declines and supply disruption impacted EBIT performance and adjusted our profitability outlook for the year as we prioritize restoring volume and leading the market back to growth. Our immediate priority is to focus - commercially, operationally and organizationally."

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US Markets60d ago

Barry Callebaut Plunges 15% as Interim Volume Shrinks, Fiscal 2026 Profitability Outlook Weakens

Barry Callebaut (BARN.SW) shares dwindled 9% in early Thursday trading as fading demand, supply disruptions in North America, and a competitive overcapacity market dragged down interim sales volume and operating profit, forcing the Swiss chocolatier to downgrade its fiscal 2026 earnings guidance.Group volume in the six months ended Feb. 28 fell 6.9% year over year to 1,010,247 tonnes due to negative market dynamics, with global chocolate volumes dropping 5.1% and those for global cocoa declining 14.3%. Ultimately, the revenue of the chocolate and cocoa products company plunged to 6.75 billion francs from 7.29 billion francs a year ago.Operating profit or EBIT slipped 2.2% to 289.4 million francs and recurring EBIT by 5.7% to 310.9 million francs. Still, net profit attributable to Barry's shareholders surged annually to 89.4 million francs from 32.1 million francs amid lower income tax expenses. Additionally, a "significant and fast" decrease in cocoa bean prices, coupled with operational actions to reduce working capital, allowed the company to reduce net debt to 3.60 billion francs from 6.11 billion francs, which led to lower finance costs.As Barry intends to prioritize restoring volume and leading the market back to growth, it increased its fiscal 2026 volume outlook to expect a 1% to 3% volume decline, instead of the mid-single-digit decrease projected on Jan. 21. At the same time, Barry warned about a mid-teens contraction in recurring EBIT in local currencies during the 12-month term, with the profitability outlook subject to potential impacts from disruption in the Middle East.Previously, Barry anticipated a low- to mid-single-digit growth in recurring EBIT and a double-digit increase in recurring pretax profit in local currencies. Against this backdrop, the company noted that action was required to drive sustained profitable growth. While details will be announced in June, Barry intends to focus on key markets and segments, reintroduce a clear gourmet brand, and transition to a "smaller, more commercially focused" leadership team."As I reflect on my first few months at Barry Callebaut, it is clear that we have an unparalleled market position, deep expertise and fundamental growth opportunities. At the same time, we have significant work to do to reinvigorate the company after a turbulent period of industry disruption and transformation. We need to restore fundamentals, step-up service levels and empower our regional businesses," Chief Executive Officer Hein Schumacher said.

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