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Interim report, Q3 July – September 2013

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  • Net sales for the quarter increased by 3.0 per cent including a positive impact from foreign exchange of 1.6 per cent.
  • Operating profit was SEK 131m (90).
  • Underlying EBIT was SEK 160m (124).
  • Items affecting comparability amounted to SEK –29m (–34) and consists of restructuring SEK –28m (–31) and impact from foreign exchange of SEK –1m (–3).
  • Cash flow from operating activities was SEK 54m (93).
  • Net Debt/Underlying EBITDA was 4.4x (5.3).
  • Issuance of the Senior secured notes for an amount of SEK 1,000m and the renegotiated credit facility reduces interest cost.
  • The integration process has been completed.
  • The factory restructurings are proceeding according to plan.

Contacts
Jacob Broberg, Senior Vice President Corporate Communications and Investor Relations, 46 70-190 00 33
Danko Maras, Chief Financial Officer, 46 76-627 69 46

About Cloetta
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, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 10 production units in five countries. Cloetta’s class B-shares are traded on NASDAQ OMX Stockholm. More information about Cloetta is available on www.cloetta.com

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Interim report Q3

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