Interim report Q2 of Cloetta AB April – June 2018
Improved EBIT and growth within branded packaged products
• Net sales for the quarter increased by 4.1 per cent to SEK 1,472m (1,414) including a positive impact from foreign exchange rates of 3.6 per cent.
• Operating profit amounted to SEK 155m (90). Profit for the period amounted to SEK 97m (–329). Operating profit, adjusted for items affecting comparability, amounted to SEK 145m (115).
• Cash flow from operating activities amounted to SEK 119m (117).
• Net debt/EBITDA ratio was 2.77x (2.77).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Friday 13 July at 10 a.m. (CET). Information is available at www.cloetta.com.
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 and the Securities Markets Act. The information was submitted, by the below contact person, for publication on 13 July, 2018, at 8:00 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 and the Netherlands. Cloetta´s products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. Cloetta has 8 production units in 5 countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com