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    CLA B   SE0002626861

CLOETTA AB (PUBL)

(CLA B)
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Cloetta AB interim report Q3: July – September 2021

10/29/2021 | 02:28am EST

Branded packaged products sales above pre-pandemic levels and steady volume recovery for Pick & mix, accompanied by improved profitability.

  • Net sales for the quarter increased by 6.2 per cent to SEK 1,566m (1,474) including a negative impact from foreign exchange rates of -1.3 per cent.
  • Sales of Branded packaged products increased organically by 4.0 per cent during the quarter: -4.1 per cent in July, 9.3 per cent in August and 6.3 per cent in September.
  • Sales of Pick & mix increased organically by 21.6 per cent during the quarter: 12.3 per cent in July, 26.2 per cent in August and 26.3 per cent in September.
  • Operating profit amounted to SEK 189m (87). Operating profit, adjusted for items affecting comparability, amounted to SEK 190m (130).
  • Operating profit, adjusted, of Branded packaged products amounted to SEK 181m (154).
  • Operating profit, adjusted, of Pick & mix amounted to SEK 9m (-24).
  • Profit for the period amounted to SEK 144m (46), which equates to basic and diluted earnings per share of SEK 0.50 (0.16).
  • Cash flow from operating activities was SEK 290m (313).
  • Net debt/EBITDA ratio was 2.4x (2.6).

Please find enclosed the full report.

The interim report will be presented at a conference call with web presentation on Friday 29 October 2021 at 10 a.m. (CEST). Information is available at www.cloetta.com.
This information is information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person detailed below, at 8:00 a.m. CEST on 29 October 2021.
Contact

Nathalie Redmo, Head of IR and Communications, +46 766 96 59 40

Disclaimer

Cloetta AB published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 06:27:01 UTC.


ę Publicnow 2021
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Sales 2021 5 994 M 640 M 640 M
Net income 2021 484 M 51,8 M 51,8 M
Net Debt 2021 1 781 M 190 M 190 M
P/E ratio 2021 14,3x
Yield 2021 4,16%
Capitalization 6 933 M 748 M 741 M
EV / Sales 2021 1,45x
EV / Sales 2022 1,37x
Nbr of Employees 2 600
Free-Float 63,9%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 24,02 SEK
Average target price 28,00 SEK
Spread / Average Target 16,6%
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Managers and Directors
Henri Jacob Jan de Sauvage-Nolting President & Chief Executive Officer
Frans Per Olof RydÚn Chief Financial Officer
Mikael Norman Independent Director
Marcel Mensink President-Operations
Mikael Svenfelt Independent Director
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