Swiss chocolate maker Barry Callebaut has warned that its results could be impacted by strong Swiss franc.
The chocolate maker said that as 99% of Barry Callebaut's business is done outside of Switzerland, it had minimal operational exposure to the surging Franc, reports Reuters.
The Swiss National Bank put an end to a three-year-old currency cap on the value of the Swiss franc against the Euro, which surged the value of the currency, reports the news agency.
Barry Callebaut added: "However, the company's reporting currency is the Swiss franc, thus there could be a currency translation impact on the reported figures."
The company said that its mid-term targets were subject to currency translation impacts.
Its sales revenue rose 15.1% to 1.7bn Swiss francs ($1.95bn) in the quarter to November boosted by higher cocoa bean prices.
The firm manufactures chocolate and cocoa products for food companies such as Nestle and Unilever.
