"In an operating environment still affected by food price inflation and continued macroeconomic uncertainty, I'm very happy to deliver another strong quarter. Inflationary pressure varies across industries, but the confectionary industry in particular continues to be affected by rising raw material costs with record high cocoa prices", comments President and CEO
- 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 toSEK 193m (178), impacted by items affecting comparability ofSEK 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 ofSEK 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 on4 April 2024 - Cloetta's Annual General Meeting (AGM) was held on
9 April 2024 , inStockholm, Sweden and approved a stable dividend ofSEK 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
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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.
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https://news.cision.com/cloetta-ab/r/cloetta-ab-interim-report-january---march-2024--profit-protected-despite-historically-high-cocoa-pri,c3968461
https://mb.cision.com/Main/1169/3968461/2761898.pdf
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