Interim report, Q2 April – June 2015
Net sales for the quarter increased by 3.4 per cent to SEK 1,280 (1,238), including a positive impact from foreign exchange rates of 1.4 per cent.
Operating profit increased to SEK 130m (85).
Cash flow from operating activities was very strong and amounted to SEK 163m (44).
Net debt/EBITDA continued to decrease and was 3.30x (4.55).
On 16 July, 2015 Cloetta signed an agreement to acquire Locawo B.V. (Lonka) – a Dutch company producing and selling fudge, nougat and chocolate. The acquisition will significantly strengthen Cloetta’s position in the Netherlands.
Contacts
Jacob Broberg, Senior Vice President Corporate Communications and Investor Relations, +46 70-190 00 33
Danko Maras, Chief Financial Officer, +46 76-627 69 46
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region, the Netherlands, and Italy. In total, Cloetta products are sold in more than 50 countries worldwide. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta has 11 production units in six 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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