Continued growth in branded packaged products and stable operating profit.
Net sales for the quarter declined by 0.2 per cent to SEK 1,559m (1,562) including a positive impact from foreign exchange rates of 2.8 per cent.
Operating profit amounted to SEK 164m (166). Profit for the period amounted to SEK 99m (95). Operating profit, adjusted for items affecting comparability, amounted to SEK 166m (164).
Cash flow from operating activities amounted to SEK 154m (-29).
Net debt/EBITDA ratio was 2.4x (2.4).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Friday 26 April at 10 a.m. (CET). Information is available at www.cloetta.com.
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. The information was submitted, by the below contact person, for publication on 26 April, 2019, at 08:00 am CET.
Cloetta AB published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 08:07:11 UTC
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.
CLOETTA AB 
