ZURICH—Swiss chocolate maker Barry Callebaut will keep operating in Russia to help customers and employees there, even though images from the war in Ukraine create “enormous pressure,” it said on Wednesday.
Shares in the Zurich based-group fell more than 5 percent as some analysts worried about its—albeit small—exposure to the turbulent Russian market, as well as flattish first-half earnings per ton of chocolate sold.
The company reported higher first-half profits and sales volumes overall, helped by a recovery in the global chocolate market. But Moscow’s invasion of Ukraine has forced all consumer goods companies with a presence in Russia to rethink strategies.
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