Cloetta AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 2017
January 26, 2018 at 08:47 am
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Cloetta AB (publ) reported earnings results for the fourth quarter and full year ended December 2017. For the quarter, the company reported net sales of SEK 1,643 million against SEK 1,367 million a year ago. Operating profit was SEK 171 million against SEK 180 million a year ago. Profit before tax was SEK 144 million against SEK 155 million a year ago. Profit from continuing operations was SEK 20 million against SEK 122 million a year ago. Profit for the period attributable to owners of the Parent Company Continuing operations was SEK 20 million against SEK 122 million a year ago. Earnings per share basic and diluted were SEK 0.07 against negative SEK 1.47 a year ago. Cash flow from operating activities was SEK 305 million against SEK 406 million a year ago. EBITDA, adjusted was SEK 265 million against SEK 262 million a year ago. EBITDA was SEK 230 million against SEK 235 million a year ago.
For the year, the company reported net sales of SEK 5,784 million against SEK 5,107 million a year ago. Operating profit was SEK 527 million against SEK 635 million a year ago. Profit before tax was SEK 443 million against SEK 469 million a year ago. Profit from continuing operations was SEK 237 million against SEK 347 million a year ago. Profit for the period attributable to owners of the Parent Company Continuing operations was SEK 237 million against SEK 347 million a year ago. Loss per share basic and diluted were SEK 0.34 against SEK 0.67 a year ago. Cash flow from operating activities was SEK 712 million against SEK 889 million a year ago. EBITDA, adjusted was SEK 833 million against SEK 906 million a year ago. EBITDA was SEK 765 million against SEK 848 million 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 
