Cloetta AB interim report Q1: January – March 2022
Cloetta is reporting another quarter of strong growth in Branded packaged products and continued improved profitability in Pick & mix. While our price increases took effect during the first quarter, the drastically rising input costs seen in 2022 only started to impact us towards the end of the quarter.· Net sales for the quarter increased by 10.2 per cent to SEK 1,540m (1,398) including a positive impact from foreign exchange rates of 3.1 per cent. · Sales of Branded packaged products increased organically by 2.5 per cent during the quarter. · Sales of Pick & mix increased