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Year-end report 2013

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Strong organic volume growth and year-on-year increase in EBIT

Fourth quarter

  • Volume increased by 8.0% in the fourth quarter, primarily driven by new customers in the Other markets segment.
  • Net sales increased by 2.3% to MSEK 470.0 (459.2). The increase was 3.0% measured in constant currency.
  • Underlying EBIT amounted to MSEK 28.3 (29.6), down 4.5% primarily due to fires in the facilities of two of Candyking’s suppliers in October and negative currency effects.

January to December 2013

  •  Volume increased by 5.9%, explained by both new customers and growth on current customers.
  • Net sales increased by 0.7% to MSEK 1,760.9 (1,748.0), which can be compared to a 2.1% increase when measured in constant currency.
  • Underlying EBIT amounted to MSEK 99.6 (94.4), up 5.5% due the increase in net sales and effects from cost improvement programs offset by the fires in the facilities of two suppliers together with increased depreciations, driven by continued expansion.
  • The underlying EBITDA amounted to MSEK 156.8 which is all time high.

CEO Comment
”2013 delivered an all-time high underlying EBITDA of MSEK 156.8 and showed an organic volume growth of 5.9%. During 2013 a number of efficiency programs in combination with customer and concept initiatives were the primary drivers of the growth and profit improvements. It is satisfying to see that both new and current customers contributed to the growth, proving the attractiveness of our concepts and brands.“

  
For more information, please contact:
David von Laskowski, 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 February 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 and Ireland and has operations in Poland, the Czech Republic, Slovakia and Hungary. 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 2012, the company had about 1,000 employees and sales of about SEK 1.75 billion. More information is available at www.candyking.com

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Candyking Q4 2013

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