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Quarterly report January – March 2014

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Strong growth in the developing markets

First quarter

  • Volume decreased by 10.2 % in the first quarter, which is explained by the fact that Easter in 2013 fell in the first quarter whereas it fell in the second quarter this year. Excluding markets with Easter seasonality (Sweden and Norway) the volume increased by 27.8%
  • Net sales decreased by 10.1 % to MSEK 444.4 (494.5). Measured in constant currency the decrease was 10.5%
  • The underlying EBIT amounted to MSEK 9.9 (42.4), where the decrease is mainly explained by the timing of Easter
  • The quarter was affected by increased cost of goods sold primarily driven by adverse currency fluctuations

CEO Comment
”Easter represents our strongest sales period for our main markets Sweden and Norway and Easter fell this year in the second quarter, which make the comparison with last year difficult. It is satisfying to see a positive trend in our developing markets Poland, Denmark and UK, where new customers and campaigns have been the main contributors to the strong growth. A weakened SEK and NOK exchange rate had a negative impact on the result since a large share of our purchases are made in the Eurozone. We have announced price increases to our customers in order to compensate for the increased cost of procured goods.” says Fredrik von Oelreich, President & CEO for Candyking

For more information, please contact:
Fredrik von Oelreich, President & CEO, +46 (0)8 795 03 00
Johan Lindgren, Group CFO & VP Business Support, +46 (0)8 795 03 00

This information was made public on the 28th of May 2014, at 13.00.

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 10,000 retail 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, Premiyum and Candyking Favourites. In addition, Candyking is the leading pick & mix supplier of natural snacks in Sweden and Finland under the Parrot’s brand. In 2013, the company had about 1,000 employees and sales of about SEK 1.8 billion. More information is available at www.candyking.com

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Q1 Candyking Q1 2014

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