To see only press releases which have been disclosed pursuant to legislation or other regulations, please select “Stock exchange releases” below. Valid for disclosures from July 3, 2016.
December
Henri de Sauvage Nolting appointed President and CEO of Cloetta AB
15 December 2016 | 08:00 CETNew CEO of Cloetta AB appointed. Cloetta’s Board of Directors has decided to appoint Henri de Sauvage Nolting to President and CEO of Cloetta AB. He will assume the position as of 15 February, 2017. Before joining Cloetta Henri de Sauvage Nolting was Executive Vice President of Arla in Sweden, Denmark and Finland.
Management change in Cloetta
15 December 2016 | 08:00 CETJacqueline Hoogerbrugge, President Operations and member of Cloetta Group Management, has decided to leave Cloetta. She will leave Cloetta before the summer of 2017. A recruitment process to find her successor has been initiated.
October
Interim report, Q3, July – September 2016
27 October 2016 | 08:00 CETNet sales for the quarter decreased by 0.8 per cent to SEK 1,448m (1,459), including a negative impact of foreign exchange rates of -0.1 per cent. Organic growth was -0.7 per cent. Operating profit increased to SEK 216m (212). Operating profit, adjusted, increased to SEK 224m (194).
Interim President and CEO Danko Maras comments on the results for the third quarter of 2016
27 October 2016 | 08:00 CETContinued improved operating profit. Cloetta’s operating profit (EBIT) improved to SEK 216m (212) in the quarter and the operating profit margin improved to 14.9 per cent (14.5). Profit for the period amounted to SEK 108m (130). Sales were down slightly.
Invitation to conference call with web presentation of Cloetta AB´s interim report Q3 2016
19 October 2016 | 16:00 CETCloetta AB will publish the interim report for the period 1 July – 30 September 2016 on Thursday 27 October at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.
September
Cloetta completes early redemption of its Bonds
20 September 2016 | 08:00 CETAs indicated in its press release of 17 August 2016, Cloetta AB (publ) completed the early redemption of its outstanding SEK1,000 million Senior Secured Notes (the “Bonds”) on 19 September 2016, as part of the previously communicated overall refinancing of its existing debt financing.
Nomination committee appointed ahead of 2017 Annual General Meeting of Cloetta AB (publ)
13 September 2016 | 08:30 CETIn accordance with the decision of the Annual General Meeting, Cloetta’s nomination committee shall consist of at least four and at most six members. Cloetta hereby announces that the nomination committee has now been appointed ahead of the Annual General Meeting in April 2017.
Cloetta has the best Annual Report – awarded ”Listed Company of the Year” for the third consecutive year
08 September 2016 | 16:30 CETCloetta has the best Annual report among the listed companies in Sweden. On Thursday, Cloetta by winning the prize for “Best Annual Report”, thereby was the winner of the overall award “Listed Company of the Year”, organized by Aktiespararna and Kanton.
August
David Nuutinen steps down as CEO – search for new CEO initiated
24 August 2016 | 08:00 CETDavid Nuutinen, President and CEO of Cloetta, has due to private reasons decided to leave Cloetta as of 1 September. Danko Maras, CFO, will assume the position as interim President and CEO. The Board of Directors will immediately initiate a process to find a permanent CEO.
Cloetta exercises option to redeem bonds early
17 August 2016 | 08:00 CETAs announced in July 2016 it is Cloetta AB (publ)’s intention to redeem its outstanding SEK1,000 million senior secured bonds due 2018 (the “Bonds”) as part of an overall refinancing of its existing debt financing. Cloetta has today therefore given irrevocable notice to the holders of the Bonds that it has exercised its option for the early redemption of the Bonds in full.
July
Cloetta enters into new loan agreement and intends to redeem Bonds
25 July 2016 | 08:00 CETCloetta AB (publ) has entered into a new term and revolving facilities agreement with a group of four banks, amounting in total to the equivalent of SEK 3, 700m (the “Facilities Agreement”) which will be partially used to refinance its existing bank financing. The new financing package includes a bridge loan of SEK 1,000m which Cloetta intends to use to redeem its Senior Secured Notes issued in September 2013. The Facilities Agreement, along with the redemption of the Senior Secured Notes, is expected, excluding one-off expenses, to reduce the group’s net financial items by approximately SEK 140m over a five year period, whereof SEK50m in 2017.
Interim report, Q2, April – June 2016
15 July 2016 | 08:00 CETNet sales for the quarter increased by 6.4 per cent to SEK 1,362m (1,280), including a negative impact from foreign exchange rates of –0.5 per cent. Organic growth was 2.0 per cent. Operating profit increased to SEK 142m (130).
President and CEO David Nuutinen comments on the results for the second quarter of 2016
15 July 2016 | 08:00 CETGood sales growth and improved operating profit. Cloetta’s sales were up in the quarter, both organically and through acquisitions. Operating profit (EBIT) for the quarter improved and amounted to SEK 142m (130).
Invitation to conference call with web presentation of Cloetta AB´s interim report Q2 2016
6 July 2016 | 10:00 CETCloetta AB will publish the interim report for the period 1 January – 30 June 2016 on Friday 15 July at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.
June
Cloetta extends its current bank credit facility
01 June 2016 | 08:00 CETCloetta has extended its current credit facility with Svenska Handelsbanken AB (publ). The extension means that the loan agreement, which had previously been due in April, 2017, now matures in April 2018. The terms of the extended agreement are unchanged compared to the previous agreement.
May
Management change in Cloetta
13 May 2016 | 13:00 CETGiorgio Boggero, President Cloetta Italy and member of Group Management, has decided to resign from Cloetta in order to pursue …
April
Interim report, Q1, January – March 2016
21 April 2016 | 08:00 CETNet sales for the quarter increased by 3.4 per cent to SEK 1,358m (1,313), including a negative impact from foreign …
President and CEO David Nuutinen comments on the results for the first quarter of 2016
21 April 2016 | 08:00 CETImproved operating profit (EBIT), stronger cash flow and lower net debt.
Invitation to conference call with web presentation of Cloetta AB´s interim report Q1 2016
14 April 2016 | 09:00 CETCloetta AB will publish the interim report for the period 1 January – 31 March 2016 on Thursday 21 April at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.
Annual General Meeting of Cloetta AB (publ) on 12 April 2016
12 April 2016 | 20:15 CETCloetta’s Annual General Meeting (AGM) was held at 4:00 p.m. on Tuesday, 12 April 2016, in Stockholm, Sweden.
March
Notice of the Annual General Meeting of Cloetta AB (publ)*
10 March 2016 | 08:30 CETShareholders of Cloetta AB (publ), 556308-8144, are hereby invited to attend the Annual General Meeting, to be held on Tuesday, 12 April 2016 at 4:00 p.m. at Norra Latin, Barnhusgatan 7b in Stockholm, Sweden.
Cloetta´s annual report available on the website
10 March 2016 | 08:00 CETCloetta’s annual report 2015 has today been published on Cloetta’s website.
February
Proposal by the Nomination Committee regarding the Board of Directors of Cloetta AB
18 February 2016 | 08:01 CETCloetta’s Nomination Committee has informed the company of its proposal regarding new Board of Directors.
Interim report, Q4 October-December 2015
18 February 2016 | 08:00 CETNet sales for the quarter increased by 2.7 per cent to SEK 1,622m (1,579), including a positive impact from foreign exchange rates of 0.2 per cent. Operating profit was SEK 239m (262).
President and CEO David Nuutinen comments on the results for the fourth quarter of 2015
18 February 2016 | 08:00 CETStrong cash flow, decreased debt and proposed dividend
Invitation to conference call with web presentation of Cloetta AB´s year-end report Q4 2015
11 February 2016 | 10:00 CETCloetta AB will publish the year-end report for the period 1 January – 31 December 2015 on Thursday 18 February at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.