Taking actions to mitigate the impact of COVID-19 as the previous sales recovery transitioned into a new slowdown during the quarter.
·
Net sales for the quarter decreased by 14.9 per cent to
· Sales of branded packaged products decreased organically by -3.6 per cent during the quarter, comprised of -1.4 per cent for October, -3.4 per cent for November, and -6.8 per cent for December.
· Sales of pick & mix declined organically by -35.9 per cent during the quarter, comprised of -38.5 per cent for October, -30.1 per cent for November, and -38.4 per cent for December.
· Operating profit amounted to
· Following the impact of COVID-19, the total pick & mix business generated a negative EBIT of approximately
· Cash flow from operating activities was
· Net debt/EBITDA ratio was 2.7 (2.2).
· The Board proposes a dividend of
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Thursday
This information is information that
Contact
Nathalie Redmo, Head of
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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