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Interim report Q2, April – June 2013

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  • Net sales for the quarter amounted to SEK 1,131m (1,212). Adjusted for exchange rate differences the decline was 4.1 per cent.
  • Operating profit was SEK 54m (–53).
  • Underlying EBIT was SEK 109m (49). The improvement is mainly driven by realised synergies and factory restructurings.
  • Items affecting comparability amounted to SEK –51m (–103) and consist of costs for restructurings.
  • Cash flow from operating activities was SEK –23m (125). Change is mainly due to a build-up of stocks as part of factory restructurings and the impact of changed payment terms in Italy.
  • The integration process has been essentially completed from an operational standpoint.
  • The factory restructurings are proceeding according to plan. As announced earlier, savings will be fully effective towards the end of 2014.
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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 10 production units in five countries. Cloetta’s class B-shares are traded on NASDAQ OMX Stockholm. More information about Cloetta is available on www.cloetta.com

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Interim report Q2 q2 report half-year report

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