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Press ReleasesSvensk version
Cloetta has been awarded “Listed Company of the Year 2017”, in the competition organized by Aktiespararna and Kanton. In total, Cloetta received the highest score in the three awards “Best IR Web”, ”Best Interim Report” and “Best Annual Report”, and the first place in the “Best IR Web” award.
Improved EBIT and growth within branded packaged products
Cloetta AB will publish the interim report for the period 1 April – 30 June 2018. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.
Cloetta AB enters into an amendment and restatement regarding its current term and revolving facilities agreement (the “Facilities Agreement”) with a group of four banks. A commercial paper programme will also be launched to reduce certain debts. Annual savings are expected to be approximately SEK 10m.
Frans Ryden has been appointed Chief Financial Officer (CFO) in Cloetta. He will report to Henri de Sauvage-Nolting, CEO, and be part of Group Management. Frans Ryden will assume his position at the latest 1 December, 2018.
Good EBIT delivery and Easter sales
Cloetta’s Annual General Meeting (AGM) was held at 3:00 p.m. on Monday, 16 April 2018, in Stockholm, Sweden.
Cloetta AB will publish the interim report for the period 1 January – 31 March 2018. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.
Danko Maras, CFO, has decided to leave Cloetta to take up a position as CFO at another company. He will leave Cloetta after the Q2-report in July, 2018. The work to find his successor has already been initiated in line with the Cloetta succession planning process.
Thomas Biesterfeldt has been appointed Chief Marketing Officer (CMO). He succeeds Erwin Segers who has decided to leave Cloetta to pursue other opportunities. Thomas Biesterfeldt will report to Henri de Sauvage-Nolting, CEO, and be part of Group Management. He will assume his position as of 1 May, 2018.
Oskari Vidman has been appointed Chief Pick & Mix Officer. He will report to Henri de Sauvage-Nolting, CEO, and be part of Group Management.
Shareholders of Cloetta AB (publ), 556308-8144, are hereby invited to attend the Annual General Meeting, to be held on Monday, 16 April 2018 at 3:00 p.m. at Stockholm Waterfront Congress Centre, Nils Ericsons Plan 4 in Stockholm, Sweden.
Cloetta´s annual report 2017 has today been published on Cloetta´s website.
Cloetta’s Nomination Committee has informed the company of its proposal regarding new Board of Directors.
Net sales for the quarter increased by 20.2 per cent to SEK 1,643m (1,367), including a negative impact of exchange rates of –0.6 per cent. Organic growth was 0.0 per cent. Operating profit, adjusted, amounted to SEK 206m (209). Operating profit amounted to SEK 171m (180). Profit for the period amounted to SEK 20m (–420).
Katarina Tell has been appointed President Cloetta Sweden and Michiel Havermans has been appointed Senior Vice President Cloetta International.
Cloetta AB will publish the year-end report for the period 1 January – 31 December 2017 on Friday 26 January 2018 at 08:00 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.