Cloetta AB interim report Q3 July - September 2019

Strong organic growth, increased marketing investments and stable EBIT.

• Net sales for the quarter increased by 5.9 per cent to SEK 1,629m (1,538) including a positive impact from foreign exchange rates of 1.6 per cent.

• Operating profit amounted to SEK 195m (180). Profit for the period amounted to SEK 130m (132). Operating profit, adjusted for items affecting comparability, amounted to SEK 200m (194).

• Cash flow from operating activities amounted to SEK 255m (250).

• Net debt/EBITDA ratio was 2.5x (2.5).

 
Please find enclosed the full report.

The interim report will be presented at a conference call with web presentation Friday 25 October at 10 a.m. (CET). Information is available at www.cloetta.com.

This information is information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted, by the below contact person, for publication on 25 October, 2019, at 08:00 am CET.

Media contact
Frans Rýdén, CFO, +46 8 527 288 27

About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Northern Europe. 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

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