Cloetta AB interim report Q1, January – March 2019
Continued growth in branded packaged products and stable operating profit.
• Net sales for the quarter declined by 0.2 per cent to SEK 1,559m (1,562) including a positive impact from foreign exchange rates of 2.8 per cent.
• Operating profit amounted to SEK 164m (166). Profit for the period amounted to SEK 99m (95). Operating profit, adjusted for items affecting comparability, amounted to SEK 166m (164).
• Cash flow from operating activities amounted to SEK 154m (–29).
• Net debt/EBITDA ratio was 2.4x (2.4).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Friday 26 April at 10 a.m. (CET). Information is available at www.cloetta.com.
This information constituted before the publication inside information and is such that Cloetta AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted, by the below contact person, for publication on 26 April, 2019, at 08:00 am CET.
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00 33.
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region and the Netherlands. Cloetta´s products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. Cloetta has 8 production units in 5 countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com