Strong organic growth driven by Easter and improved EBIT.
Net sales for the quarter increased by 7.5 per cent to SEK 1,583m (1,472) including a positive impact from foreign exchange rates of 1.8 per cent.
Operating profit amounted to SEK 159m (155). Profit for the period amounted to SEK 97m (97). Operating profit, adjusted for items affecting comparability, amounted to SEK 161m (145).
Cash flow from operating activities amounted to SEK -3m (119).
Net debt/EBITDA ratio was 2.7x (2.8).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Friday 12 July at 10 a.m. (CET). Information is available at www.cloetta.com.
This information is information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted, by the below contact person, for publication on 12 July, 2019, at 08:00 am CET.
Jacob Broberg, Senior Vice President Corporate Communications and Investor Relations, 46 70-190 00 33
Frans Rýdén, Chief Financial Officer, +46 8 527 288 27
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Cloetta AB published this content on 12 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2019 14:04:00 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.