Cloetta AB interim report Q4: October – December 2021
Branded sales continued to exceed 2019 levels, driven by strong marketing. Margin-enhancing initiatives brought the Pick & mix business close to breakeven for the full year. The dividend proposal is in line with the pre-pandemic level, supported by a healthy cash flow and strong balance sheet.· Net sales for the quarter increased by 13.4 per cent to SEK 1,662m (1,466) including a negative impact from foreign exchange rates of -0.4 per cent. · Sales of Branded packaged products increased organically by 9.3 per cent during the quarter: 1.9 per cent in October, 14.8 per cent in November and