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Barry Callebaut AG (BARN.S)

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Wed, Jan 25 2017

Barry Callebaut sees better second half after volumes dip in Q1

ZURICH, Jan 25 Swiss chocolate maker Barry Callebaut said it expected sales volume growth to accelerate in the second half of its fiscal year after the phasing-out of less profitable contracts in its cocoa business made volumes dip in the quarter to Nov. 30.

UPDATE 2-Barry Callebaut raises dividend, sees recovery after tough year

* FY sales total 6.7 billion Swiss francs (Adds CEO, CFO, analyst comments, shares)

BRIEF-Barry Callebaut sees slight cocoa bean surplus in 2016/17

* Barry callebaut ceo says phasing-out of less profitable contracts in cocoa business well advanced, might take another quarter

Barry Callebaut confirms guidance, boosts dividend as FY net falls

ZURICH, Nov 2 Barry Callebaut on Wednesday confirmed its mid-term guidance and raised its dividend after sales volume growth slowed and net profit fell in its full year to August, hit by high input costs and weak global demand for chocolate and cocoa products.

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