Cloetta AB interim report Q1, January – March 2020
Start of the year negatively impacted by COVID-19· Net sales for the quarter decreased by 2.6 per cent to SEK 1,518m (1,559) including a positive impact from foreign exchange rates of 1.4 per cent. · Operating profit amounted to SEK 149m (164). Profit for the period amounted to SEK 44m (99). Operating profit, adjusted for items affecting comparability, amounted to SEK 152m (166). · Cash flow from operating activities amounted to SEK 67m (154). · Net debt/EBITDA ratio was 2.4x (2.4). · As a consequence of the current uncertainty due to the global outbreak of COVID-19, the Board