Strategic review and impairment of Cloetta Italy
In light of the negative Italian economic development and the performance of Cloetta Italy over the last years, Cloetta has initiated a strategic review of Cloetta Italy. As a consequence of this an indicative valuation of Cloetta Italy shows an impairment requirement of SEK 771m pre-tax and SEK 594m post-tax attributable to Cloetta Italy.The strategic review of Cloetta Italy is aimed to improve growth and margins of the Cloetta Group and might include a potential divestment of the Italian business. In 2016, Cloetta's sales in Italy amounted to approximately SEK 750m. A divestment of