Barry Callebaut Q1 Sales Down 0.6%

Barry Callebaut AG

reported a 0.6% drop in its sales in the first quarter. Barry Callebaut's quarterly sales fell to CHF1.25 billion, from CHF1.26 billion in 2011. However, analysts were expecting sales of CHF1.36 billion. Its sales volume rose to 388,160 tonnes in the quarter, from 358,567 tons in 2011, versus estimates of 389 thousand tonnes.