Cloetta AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 02:00 am EST
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Cloetta AB (publ) announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was SEK 1,466 million compared to SEK 1,722 million a year ago. Operating income was SEK 121 million compared to SEK 209 million a year ago. Net income was SEK 83 million compared to SEK 172 million a year ago. For the full year, sales was SEK 5,695 million compared to SEK 6,493 million a year ago. Operating income was SEK 462 million compared to SEK 727 million a year ago. Net income was SEK 281 million compared to SEK 498 million a year ago.
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 
