Interim report, Q2 April – June 2015
Net sales for the quarter increased by 3.4 per cent to SEK 1,280 (1,238), including a positive impact from foreign exchange rates of 1.4 per cent. Operating profit increased to SEK 130m (85). Cash flow from operating activities was very strong and amounted to SEK 163m (44). Net debt/EBITDA continued to decrease and was 3.30x (4.55). On 16 July, 2015 Cloetta signed an agreement to acquire Locawo B.V. (Lonka) – a Dutch company producing and selling fudge, nougat and chocolate. The acquisition will significantly strengthen Cloetta’s position in the Netherlands.