Cloetta : Interim report Q4,October – December 2017
January 26, 2018 at 01:02 pm IST
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Net sales for the quarter increased by 20.2 per cent to SEK 1,643m (1,367), including a negative impact of exchange rates of -0.6 per cent. Organic growth was 0.0 per cent.
Operating profit, adjusted, amounted to SEK 206m (209).
Operating profit amounted to SEK 171m (180). Profit for the period amounted to SEK 20m (-420).
Cash flow from operating activities amounted to SEK 305m (406).
Net debt/EBITDA ratio was 2.39x (2.44).
The Board proposes an ordinary dividend of SEK 0.75 (0.75) per share and a special dividend of
SEK 0.75 (-) per share, in total corresponding to SEK 1.50 per share.
This information constituted before the publication inside information and is such that Cloetta AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted, by the below contact person, for publication on 26 January at 8:00 am CET.
Cloetta, founded in 1862, is a leading confectionary company in the Nordic region and the Netherlands. Cloetta´s products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. Cloetta has 8 production units in 5 countries. Cloetta's class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com
Cloetta AB published this content on 26 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2018 07:19:06 UTC.
Original documenthttps://www.cloetta.com/en/article/interim-report-q4october-december-2017/
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Cloetta AB is a Sweden-based company active in the chocolate and sugar confectionery market. The primary ingredient for its products is cocoa. The Company uses cocoa mass that is produced from seeds found in the fruit of cocoa trees grown along the equator. It produce and sells products within three main categories, namely Chocolate, which comprises chocolate wafers, plates, pralines and dragees; Sugar confectionery, which comprises foam, wine gums, liquorice, toffees, hard boiled candy, chewy candy, toffee/fudge/caramel and lollypops, and Refreshment, which comprises pastilles and chewing gum. The Company owns such brands, as Lakerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. The Company has 12 production units in six countries. In January 2014, it acquired Alrifai Nutisal AB. In May 2014, it acquired 75% of shares of Aran Candy Ltd and the brand The Jelly Bean Factory, Irish company producing and selling gourmet Jelly Beans.