Cloetta AB interim report January – March 2024: Profit protected despite historically high cocoa price
"In an operating environment still affected by food price inflation and continued macroeconomic uncertainty, I’m very happy to deliver another strong quarter. Inflationary pressure varies across industries, but the confectionary industry in particular continues to be affected by rising raw material costs with record high cocoa prices", comments President and CEO Henri de Sauvage-Nolting.· Net sales for the quarter increased by 6.1 per cent to SEK 2,094m (1,973) including a positive impact from foreign exchange rates of 0.4 per cent · Sales of Branded packaged products increased