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.
Growth in branded packaged products along with continued recovery for pick & mix sales.
Cloetta AB will publish the interim report for the period 1 January – 31 March 2019 on Friday 26 April 2019 at 8 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.
Net sales for the quarter amounted to SEK 1,159m (1,124). Operating profit was SEK 90m (129). Underlying net sales decreased by 3.2 per cent, which was caused by weak market conditions.