Changes to Cloetta´s financial reporting as of interim report Q2 2017
As a result of the agreement to divest Cloetta Italy, the accounts, as well as comparative figures for 2016 and 2017 have been restated to reflect earnings for Cloetta excluding Cloetta Italy. In the interim report for Q2 2017, the Italian operations will be accounted for as assets held for sale and discontinued operation. The profit and loss account will be restated for the four quarters of 2016 and the first quarter of 2017.
Restated financial information is presented in the attached file.
This information constituted before the publication inside information and is such that Cloetta AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted, by the below contact person, for publication on 6 July 2017 at 12:00 am CET.
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 12 production units in six countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com