date:Apr 09, 2013
cquisition had weighed on profits. He said completion of the deal and integration were well on track.
Steinemann said half-year results were also hit by an unfavourable combined cocoa ratio, which meant prices for the group's cocoa ingredients like cocoa butter and powder fell more than prices for cocoa beans.
But this trend should reverse in the second half.
Chief Financial Officer Victor Balli said the combined cocoa ratio had gone up a lot due to higher prices for cocoa butter. Chocolate d