Interim report Q1, 1 September – 30 November 2009; Increased sales of Cloetta’s products and higher profit

Operating profit for the first quarter improved by SEK 11 million to SEK 44 million (33), excluding items affecting comparability in the previous year. Sales of Cloetta’s products increased by 7%.

”The first quarter is the most important from an earnings perspective, since it includes the Christmas sales,” says Cloetta’s CEO Curt Petri. ”Our good results for the period were achieved through strong sales, successful product launches and efficient production. We have relaunched the Tarragona chocolate bar with nuts in three delicious combinations and this, together with the introduction of a new assorted chocolate box and Cloetta’s Juleskum, has contributed to growth in sales.” Total sales amounted to SEK 332 (457), where the year-earlier figure includes Cloetta’s licensed sales of Fazer products until 31 December 2008. Excluding these licensed sales and products manufactured on contract, sales of Cloetta’s products were up by 7%. Operating profit was SEK 44 million (38), or SEK 44 million (33) excluding items affecting comparability. Earnings per share were SEK 1.30 (1.53). ”Cloetta’s brands are created through the combined efforts of all our employees. We have now closed our office in Stockholm to gather all development and marketing resources in Ljungsbro. This closeness will provide scope for greater focus, higher efficiency and faster decisions,” continues Curt Petri. Cloetta has signed an agreement with En Svensk Klassiker (A Swedish Classic) to become head sponsor of sporting Sweden’s crowning achievement. En Svensk Klassiker consists of five well known and legendary long-distance races in cycling, cross-country skiing, swimming and running. In a sponsorship context, Kexchoklad is closely associated with the mountains and skiing. Through the new agreement, Kexchoklad will have the opportunity to cooperate with a partner that works across all seasons with challenges that appeal to the Swedish people. Here, Kexchoklad will be visible and contribute to a better and happier performance – yet another excellent combination. ”The price of cocoa has risen during the autumn, which together with a continued weak Swedish krona had a negative impact on manufacturing costs. Due to the use of forward contracts for cocoa and currencies, these higher costs will affect earnings at a certain delay,” adds Curt Petri. ”We can look back on a good first quarter - and ahead of us we have several exciting product innovations – in delicious new combinations,” concludes Curt Petri. The information in this press release is subject to the disclosure requirements of Cloetta AB (publ) pursuant to the Swedish Securities Market Act. The information was submitted for publication on 18 December 2009, 13.00 CET.