date:May 04, 2014
As expected in the companys forecast for 2014, the sharp rise in cocoa prices in recent months significantly affected the profitability of Natras cocoa and chocolate activity during the off-season.
The cocoa and chocolate business ended the first quarter with a slight sales drop, falling 1.6% to 75.71m. However, the rising price of cocoa, which in the first quarter reached highs not seen since 2011, had a significant negative effected on the businesss EBITDA during the off-season, resulting in