Strong rebound in both segments, with sales of Branded packaged products back at pre-pandemic levels and good progress on Pick & mix profitability.
- Net sales for the quarter increased by 14.8 per cent to
SEK 1,420m (1,237) including a negative impact from foreign exchange rates of 3.4 per cent. - Sales of Branded packaged products increased organically by 7.3 per cent during the quarter: 0.7 per cent in April, 17.8 per cent in May and 5.0 per cent in June.
- Sales of Pick & mix increased organically by 79.6 per cent during the quarter: 85.4 per cent in April, 111.0 per cent in May and 55.9 per cent in June.
-
Operating profit amounted to
SEK 139m (105). Profit for the period amounted toSEK 96m (108). Operating profit, adjusted for items affecting comparability, amounted toSEK 140m (110). Last year, the operating profit was favourably impacted by the phasing of supply chain costs of approximatelySEK 35m between the second and the third quarter. -
Operating profit, adjusted, of Branded packaged products amounted to
SEK 136m (169). -
Operating profit, adjusted, of Pick & mix amounted to
SEK 4m (-59). -
Cash flow from operating activities was
SEK 166m (-39). - Net debt/EBITDA ratio was 2.8x (2.6).
- During the quarter, Cloetta refinanced the Group for up to four years through its existing banks.
- After the end of the quarter, the Board resolved on the repurchase of the company's own B-shares to enable Cloetta to transfer shares under the long-term share-based incentive program.
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Friday
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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