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Strong rebound in both segments, with sales of Branded packaged products back at pre-pandemic levels and good progress on Pick & mix profitability.
The Board of Directors of Cloetta AB (publ) (“Cloetta”) has, based on an authorisation from the Annual General Meeting held on 6 April 2021, resolved on repurchase of own B-shares to enable the company to transfer shares under the long term share-based incentive program.
Cloetta AB will publish the interim report for the period 1 April – 30 June 2021 on Friday 16 July 2021 at 8 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.
Cloetta’s new sustainability agenda, A Sweeter Future, reflects a heightened ambition and the company’s purpose. Demonstrating an increased engagement, Cloetta joins the internationally renowned Science Based Targets initiative, and sets clearer goals for its long-term work to reduce the company’s total carbon footprint.
Cloetta’s fruit-based candy, which contains 50% fruit, is a major innovation for 2021 that has been launched across markets under the company’s existing local candy brand portfolio. The product delivers on key consumer trends and is an important part of Cloetta’s innovation strategy to drive organic growth and profitability within the Branded packaged product segment.
Cloetta continues the financing through its existing banking group by entering into a new multicurrency term and revolving facilities agreement. Cloetta furthermore resolved to continue its existing commercial paper program.
Strong quarter for Branded packaged products while Pick & mix was still negatively impacted by Covid-19, despite stronger Easter sales.
Cloetta AB will publish the interim report for the period 1 January – 31 March 2021 on Friday 23 April 2021 at 8 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.
Cloetta’s Annual General Meeting (AGM) was held on Tuesday, 6 April 2021, in Stockholm, Sweden. Due to the Covid-19 pandemic, the Annual General Meeting was conducted only by advance voting pursuant to temporary legislation and thus without the physical presence of shareholders, proxies or external parties.
Cloetta´s annual report 2020 has today been published on Cloetta´s website.
Shareholders of Cloetta AB (publ), reg. no. 556308-8144, are hereby invited to attend the Annual General Meeting, to be held on Tuesday, 6 April 2021. Due to the Covid-19 pandemic, the meeting will be carried out only through advance voting pursuant to temporary legislation. It will not be possible to attend the meeting in person or by proxy.
Cloetta’s Nomination Committee has informed the company of its proposal regarding new Board of Directors.
Taking actions to mitigate the impact of COVID-19 as the previous sales recovery transitioned into a new slowdown during the quarter.
Cloetta AB will publish the year-end report for the period 1 January – 31 December 2020 on Thursday 28 January 2021 at 8 a.m. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.