Cloetta continues to deliver strong double-digit growth in both Branded packaged products and Pick & mix, despite a large retail customer in the
- Net sales for the quarter increased by 19.5 per cent to
SEK 2,148m (1,798) including a positive impact from foreign exchange rates of 7.3 per cent. - Sales of Branded packaged products increased organically by 10.9 per cent during the quarter.
- Sales of Pick & mix increased organically by 16.4 per cent during the quarter.
-
Operating profit adjusted for items affecting comparability, amounted to
SEK 208m (188). Operating profit amounted toSEK 201m (186), impacted by items affecting comparability ofSEK -7m (-2), mainly related to the Greenfield facility. -
Operating profit, adjusted, of Branded packaged products amounted to
SEK 216m (186). -
Operating loss, adjusted, of Pick & mix amounted to
SEK -8m (2). -
Profit for the period amounted to
SEK 161m (130), which equates to basic and diluted earnings per share ofSEK 0.56 (0.45). -
Cash flow from operating activities was
SEK 193m (289). - Net debt/EBITDA ratio was 2.0x (2.2).
Events during and after the end of the period
- After the end of the quarter,
Mikael Norman declined re-election as the chairman of the board.
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Friday
Dial-in number(s)
SE: +46 8 5051 0031
US: +1 631 570 5613
Please make sure you are connected to the phone conference by calling in and register a few minutes before the conference begins.
Web presentation
The live broadcast will be available on: https://creo-live.creomediamanager.com/d11c37ad-4cd1-4b9a-b986-dd148ffbf6ce The presentation and the report will be available on www.cloetta.com after publication.
This disclosure contains information that
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About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in
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