Question · Q4 2024
Inquired about the dynamics in the Asian dairy market, whether the non-specialty oils that saw lower sales were part of a portfolio optimization, and requested the percentage of CBEs within the overall chocolate division volumes.
Answer
The company declined to give a Q1 forecast but stated the overall Food Ingredients volume decrease was primarily driven by a tactical decision to sell less low-value rapeseed solutions, not just dairy weakness. This specific decision was not part of a permanent portfolio deselection, although such actions are part of the broader optimization program. For competitive reasons, the company will not disclose the specific percentage of CBEs in its chocolate volumes but confirmed that CBEs grew more than the segment's 1% total and that momentum remains positive.