Cloetta

• Net sales for the quarter increased by 6.1 per cent to SEK 2,094m (1,973) including a positive impact from foreign exchange rates of 0.4 per cent
• Sales of Branded packaged products increased organically by 3.6 per cent during the quarter
• Sales of Pick & mix increased organically by 11.7 per cent during the quarter
• Operating profit adjusted for items affecting comparability, amounted to SEK 192m (200). Operating profit amounted to SEK 193m (178), impacted by items affecting comparability of SEK 1m (-22)
• Operating profit, adjusted, of Branded packaged products amounted to SEK 152m (184)
• Operating profit, adjusted, of Pick & mix amounted to SEK 40m (16)
• Profit for the period amounted to SEK 107m (65), which equates to basic and diluted earnings per share of SEK 0.37 (0.23)
• Cash flow from operating activities was SEK 149m (24)
• Net debt/EBITDA ratio was 1.6x (2.0)

Events during and after the end of the period

• The Board of Directors appointed Katarina Tell as incoming President and Chief Executive Officer on 4 April 2024
• Cloetta’s Annual General Meeting (AGM) was held on 9 April 2024, in Stockholm, Sweden and approved a stable dividend of SEK 1.00 (1.00) per share

Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Friday 26 April 2024 at 10.00 a.m. (CEST).

Dial-in number(s)
SE: +46 8 5051 0031
UK: +44 207 107 0613
US: +1 631 570 5613

We kindly ask those who wish to dial-in to make sure you are connected to the phone conference by calling in and register a few minutes before the conference begins.

Web presentation
The live broadcast will be available on: creo-live.creomediamanager.com/6822e4d0-5096-44ca-916c-f60fc53ebd12. The presentation and the report will be available on www.cloetta.com after publication.