Interim report Q2, April – June 2012

• Net sales for the quarter amounted to SEK 1,212m (1,120). Operating profit was SEK –53m (70).

• Underlying net sales fell by 3.0 per cent, which is mainly explained by weak market conditions.

• Items affecting comparability amounted to SEK –103m (–52), and consisted mainly of costs related to the integration process and costs arising from factory restructurings.

• Cash flow from operating activities reached SEK 102m (143).

• Underlying EBITA amounted to SEK 53m (112). The decrease is mainly due to the fact that it has not been possible to fully compensate for higher raw material costs through increased net prices.

• The integration process is continuing as planned. Staff reductions were carried out in August.

• The factory restructurings are proceeding according to plan. A decision has been made to close the factories in Aura, Alingsås and Gävle.

• The rights issue was fully subscribed.

• NASDAQ OMX Stockholm decided to move Cloetta from the Small Cap to the Mid Cap segment as of 2 July 2012.

Contacts
Jacob Broberg, Senior Vice President Corporate Communications and Investor Relations, +46 70-190 00 33
Danko Maras, Chief Financial Officer, +46 8-52 72 88 08

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 12 production units in six countries. Cloetta´s class B shares are traded on NASDAQ OMX Stockholm.
www.cloetta.com