President and CEO David Nuutinen comments on the results for the first quarter of 2016
Improved operating profit (EBIT), stronger cash flow and lower net debt.Cloetta’s operating profit (EBIT) for the quarter increased to SEK 108m (90). Operating profit, adjusted for one-off items, also increased to SEK 126m (108). Profit after tax amounted to SEK 44m (33). Both operating margin and adjusted operating margin increased to 8.0 per cent (6.9) and 9.3 per cent (8.2), respectively. The higher profit and margins show that our focus has paid off. Sales rose during the quarter, driven by acquisitions. Organic sales were down slightly, facing a strong comparator, at the same time
