As a consequence of the current uncertainty due to the global outbreak of COVID-19, the Board of Directors has decided to withdraw the previously communicated proposal to the Annual General Meeting 2020 regarding a dividend of
Cloetta is working diligently to limit further spread of the coronavirus in society, the highest priority being the health and safety of our employees, customers and consumers. We are following the situation closely and when needed adapt our actions according to local government advice and regulations, whilst at the same time striving to mitigate any disruptions to our business.
In a recent update (https://www.cloetta.com/en/article/update-on-the-impact-of-covid-19/), Cloetta commented that the customer demand for pick & mix temporarily might be negatively affected. Following the latest development, with a discontinued pick & mix contract in
Given the current uncertainty due to the global outbreak of COVID-19 and potential governmental response, it is not at this point possible to predict the full potential impact on our business. However, with the rapid spread of the coronavirus now heavily impacting markets where Cloetta has a presence and the currencies the group is exposed to, we believe that the risk of adverse effects has increased significantly.
The Board of Directors prioritizes to maintain the company's strong financial position considering the high market uncertainty. Consequently, the Board of Directors has decided to withdraw the previous dividend proposal of
This is information that
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About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in Northern Europe. Cloetta's products are sold in more than 50 countries worldwide with
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