CLOETTA AB Cloetta is reporting another quarter of strong growth in Branded packaged products and continued improved profitability in Pick & mix. While our price increases took effect during the first quarter, the drastically rising input costs seen in 2022 only started to impact us towards the end of the quarter.
- Net sales for the quarter increased by 10.2 per cent to
SEK 1,540m (1,398) including a positive impact from foreign exchange rates of 3.1 per cent. - Sales of Branded packaged products increased organically by 2.5 per cent during the quarter.
- Sales of Pick & mix increased organically by 23.8 per cent during the quarter.
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Operating profit amounted to
SEK 154m (103). Operating profit, adjusted for items affecting comparability, amounted toSEK 158m (107). -
Operating profit, adjusted, of Branded packaged products amounted to
SEK 149m (131). -
Operating profit, adjusted, of Pick & mix amounted to
SEK 9m (-24). -
Profit for the period amounted to
SEK 131m (103), which equates to basic and diluted earnings per share ofSEK 0.46 (0.36). -
Cash flow from operating activities was
SEK 27m (54). - Net debt/EBITDA ratio was 1.9x (2.9).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Tuesday
This information is information that
Contact
Nathalie Redmo, Head of
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in
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