Jörn Lundahl's questions to Barry Callebaut AG/ADR (BRRLY) leadership • Q2 2023
Question
Jörn Lundahl from UBS asked for more detail on the key drivers of the product mix improvement, the company's plans to manage consumer price elasticity, the new CEO's leadership style, the current outsourcing pipeline, and future CapEx plans.
Answer
CFO Ben De Schryver attributed the strong mix to specialty chocolates and value-added cocoa powders, noting that capacity is being added to meet demand. He stated that price elasticity issues were confined to specific markets in H1. On outsourcing, he confirmed it turned positive in Q2 and that the company remains selective. He projected a stable CapEx run rate of around CHF 300-310 million. CEO Peter Feld described his leadership style as centered on 'focus' and 'learning'.