Cloetta

• Net sales for the quarter increased by 14.5 per cent to SEK 2,182m (1,905) including a positive impact from foreign exchange rates of 2.8 per cent.
• Sales of Branded packaged products increased organically by 11.1 per cent during the quarter.
• Sales of Pick & mix increased organically by 13.6 per cent during the quarter.
• Operating profit adjusted for items affecting comparability, amounted to SEK 200m (183). Operating profit amounted to SEK 174m (187), impacted by items affecting comparability of SEK -26m (4), mainly related to the Greenfield facility.
• Operating profit, adjusted, of Branded packaged products amounted to SEK 200m (180).
• Operating profit, adjusted, of Pick & mix amounted to SEK 0m (3).
• Profit for the period amounted to SEK 138m (108), which equates to basic and diluted earnings per share of SEK 0.48 (0.38).
• Cash flow from operating activities was SEK 478m (281).
• Net debt/EBITDA ratio was 1.7x (1.9).
• The Board proposes a dividend of SEK 1.00 (1.00) per share.

Events during and after the end of the period

• CEO Henri de Sauvage-Nolting to leave Cloetta.

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

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/2a0844fe-307a-49aa-b224-95511d5022ac. The presentation and the report will be available on www.cloetta.com after publication.