Unchanged sales, higher manufacturing costs
For the second quarter, Cloetta Fazer reported sales of SEK 658 million (656) and an operating profit of SEK 33 million (54). Operating margin fell to 4.9 per cent (8.2).“A combination of slower sales growth at the end of the second quarter and higher manufacturing costs are reflected in a year-on-year profit decrease,” says the company’s CEO Jesper Åberg. “Our business follows a seasonal pattern, where the first and fourth quarters are strongest in terms of sales and profit. Sales are also influenced by the weather and the heat wave in early June contributed to the downward trend. The