Lauren Molyneux's questions to Barry Callebaut AG/ADR (BRRLY) leadership • Q2 2023
Question
Lauren Molyneux from Citi followed up on the destocking situation in the Americas, asking for the level of confidence that it has concluded. She also asked about the underlying market assumptions and key drivers supporting the full-year volume growth outlook.
Answer
CFO Ben De Schryver acknowledged the destocking cycle was longer than expected but anticipates gradual improvement in the U.S. in H2. He stated the full-year 'flat to modest growth' forecast is supported by normalization in key emerging markets, the pursuit of new customers, and the reopening of China, which is already showing double-digit growth.