Cloetta’s EBIT to be negatively impacted by mainly short-term issues
Cloetta’s operating profit, adjusted, is in the third quarter expected to be SEK 40 - 50m lower compared to last year. This is mainly due to lower volumes but also higher raw material cost and negative exchange rate differences.As communicated in the Q2-report, there was a fire in one of the production lines in the factory in Turnhout, Belgium in June. The damages to the line has proven to be bigger than initially expected which has resulted in production capacity constraints and significantly lower volumes being produced. The incident has also created ripple effects in the factory network