Shares were down in early trading (Thursday, April 16) after chocolate maker Barry Callebaut announced it was drawing on a €1bn ($1.09bn) revolving credit facility to shore up liquidity after the coronavirus epidemic hit sales in early 2020.
Swiss KitKat maker has told frontline employees in its global operation to prepare for difficult times ahead due to the coronavirus pandemic and that the company is taking necessary steps to keep its food and beverages supply chain operational.
In the financial year 2019, Lindt & Sprüngli achieved 'very solid sales growth, gained substantial market shares and once again grew faster than the overall chocolate market'.
Shares rose by almost 10% in Hotel Chocolat after the premium British chocolatier and omni-channel retailer reported a 14% increase in revenue to £91.7m ($118.6m), up from £80.7m ($104.43m) in the comparable period a year before.
