Cloetta Fazer reports increased sales but lower operating profit
Cloetta Fazer’s sales for the third quarter rose by 8 per cent to SEK 745 million (692). Operating profit excluding restructuring charges for the third quarter is reported at SEK 67 million (89). Operating margin was 9 per cent (12.9).“Cloetta Fazer increased its confectionery sales in the third quarter, partly due to the successful launch of new products. The relatively cool summer in the Nordic region also contributed to the period’s sales growth,” says Cloetta Fazer’s CEO Jesper Åberg.“Despite robust sales, however, Cloetta Fazer recorded a lower profit owing mainly to increased costs