Cloetta AB Publ Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 25, 2019 at 07:00 am
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Cloetta AB publ announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was SEK 1,646 million compared to SEK 1,643 million a year ago. Operating income was SEK 159 million compared to SEK 171 million a year ago. Net income was SEK 159 million compared to SEK 20 million a year ago. Basic earnings per share was SEK 0.55 compared to SEK 0.07 a year ago. For the full year, sales was SEK 6,218 million compared to SEK 5,784 million a year ago. Operating income was SEK 660 million compared to SEK 527 million a year ago. Net income was SEK 483 million compared to net loss of SEK 97 million a year ago. Basic earnings per share from continuing operations was SEK 1.69 compared to SEK 0.83 a year ago. Diluted earnings per share from continuing operations was SEK 1.68 compared to SEK 0.83 a year ago. Basic earnings per share was SEK 1.69 compared to basic loss per share of SEK 0.34 a year ago. Diluted earnings per share was SEK 1.68 compared to diluted loss per share of SEK 0.34 a year ago.
Cloetta AB is a Sweden-based company active in the chocolate and sugar confectionery market. The primary ingredient for its products is cocoa. The Company uses cocoa mass that is produced from seeds found in the fruit of cocoa trees grown along the equator. It produce and sells products within three main categories, namely Chocolate, which comprises chocolate wafers, plates, pralines and dragees; Sugar confectionery, which comprises foam, wine gums, liquorice, toffees, hard boiled candy, chewy candy, toffee/fudge/caramel and lollypops, and Refreshment, which comprises pastilles and chewing gum. The Company owns such brands, as Lakerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. The Company has 12 production units in six countries. In January 2014, it acquired Alrifai Nutisal AB. In May 2014, it acquired 75% of shares of Aran Candy Ltd and the brand The Jelly Bean Factory, Irish company producing and selling gourmet Jelly Beans.
CLOETTA AB 
