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Quarterly report April - June 2015

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Second quarter

  • Volume decreased by 34.2% in the second quarter, primarily explained by Easter falling into Q2 2014, while it this year fell in Q1, and the loss of the Coop account in Sweden.
  • Net sales decreased by 28.2% to MSEK 330.3 (460.0). Measured in constant currency the decrease was 30.3%.
  • The underlying EBIT amounted to MSEK -5.3 (19.3), a decrease that is primarily explained by the seasonality effect of Easter in combination with the loss of Coop in Sweden.
  • Cash flow from operating activities increased to MSEK 35.3 (26.2).

First six months

  • Volume decreased by 22.0% the first six months as a result of lost market share in Sweden and Finland. Volume development in Norway and Denmark was strong.
  • Net sales decreased by 16.2% to MSEK 758.5 (904.7). Measured in constant currency the decrease was 18.9%.
  • The underlying EBIT decreased to MSEK 8.5 (18.7), primarily driven by lost market share in Sweden and Finland.
  • Cash flow from operating activities amounted to MSEK 12.4 (-60).

CEO comment

”Candyking has a tough challenge on the highly competitive Swedish market while we at the same time see positive development on our larger international markets. After a period of cost reductions and customer price increases to counteract the weak Swedish krona, focus in Sweden is now on gaining market with a broader offer to our customers.” Says Fredrik von Oelreich, President & CEO at Candyking

This information was made public on the 28th August 2015, at 08.00.

For more information, please contact
Fredrik von Oelreich, President & CEO, +46 (0)8 795 03 00

About Candyking
Candyking was founded in 1984 and is the leading supplier of pick & mix in the Nordic region, the UK & Ireland and Poland. Candyking currently has more than 9,000 outlets and offers stores a turnkey concept that includes products, displays and accompanying store and logistic services. Candyking’s confectionery concept and brands are Candyking, Karamellkungen and Candyking Favourites. In addition, Candyking is a leading pick & mix supplier of natural snacks in Sweden and Finland under the Parrot’s brand. In 2014, the company had sales of about SEK 1.8 billion. More information is available at www.candyking.com

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