Cloetta is reporting the eight consecutive quarter of growth in Branded packaged products and continued volume growth in Pick & mix, with overall strengthened profitability. The dividend proposal is in line with prior year, supported by a healthy cash flow and strong balance sheet.
- Net sales for the quarter increased by 14.6 per cent to
SEK 1,905m (1,662) including a positive impact from foreign exchange rates of 5.1 per cent. - Sales of Branded packaged products increased organically by 6.1 per cent during the quarter.
- Sales of Pick & mix increased organically by 21.0 per cent during the quarter.
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Operating profit adjusted for items affecting comparability, amounted to
SEK 183m (157). Operating profit amounted toSEK 187m (157). -
Operating profit, adjusted, of Branded packaged products amounted to
SEK 180m (152). -
Operating profit, adjusted, of Pick & mix amounted to
SEK 3m (5). -
Profit for the period amounted to
SEK 108m (147), which equates to basic and diluted earnings per share ofSEK 0.38 (0.51). -
Cash flow from operating activities was
SEK 281m (368). - Net debt/EBITDA ratio was 1.9x (2.0).
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The Board proposes a dividend of
SEK 1.00 (1.00) per share.
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 56 13
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: http://creo-live.creomediamanager.com/fd2d5852-65a4-46c9-ae35-6f1b04f08712. The presentation and the report will be available on www.cloetta.com after publication.
This information is information that
Contact
Nathalie Redmo, Head of
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in
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