CORRECTED-Barry Callebaut confirms growth targets

Wed Jan 16, 2013 1:25am EST

(Corrects percentage fall in second paragraph)

ZURICH Jan 16 (Reuters) - Barry Callebaut AG, the world's biggest maker of chocolate and cocoa products, confirmed its medium-term growth targets on Wednesday after an 8.3 percent rise in first-quarter sales volumes beat expectations.

Sales revenue fell 0.6 percent to 1.248 billion Swiss francs ($1.35 billion), short of a forecast for 1.38 billion francs in a Reuters poll as the growth of its global sourcing and cocoa business was hit by the expansion of some factories.

($1 = 0.9277 Swiss francs)

(Reporting by Emma Thomasson)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article