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Cloetta AB interim report Q4: October – December 2023

Cloetta ends the year with another strong quarter, where both Branded packaged products and Pick & mix continue to deliver double-digit growth. Full-year net sales are for the first time in the company’s history exceeding SEK 8 billion. The sales were accompanied by an all-time high operating profit, despite compressed margins. The Greenfield project progressed as planned in all workstreams, and the technical ability to operate Europe’s first emission-free major candy factory has been confirmed.

  • Net sales for the quarter increased by 14.5 per cent to SEK 2,182m (1,905) including a positive impact from foreign exchange rates of 2.8 per cent.
  • Sales of Branded packaged products increased organically by 11.1 per cent during the quarter.
  • Sales of Pick & mix increased organically by 13.6 per cent during the quarter.
  • Operating profit adjusted for items affecting comparability, amounted to SEK 200m (183). Operating profit amounted to SEK 174m (187), impacted by items affecting comparability of SEK -26m (4), mainly related to the Greenfield facility.
  • Operating profit, adjusted, of Branded packaged products amounted to SEK 200m (180).
  • Operating profit, adjusted, of Pick & mix amounted to SEK 0m (3).
  • Profit for the period amounted to SEK 138m (108), which equates to basic and diluted earnings per share of SEK 0.48 (0.38).
  • Cash flow from operating activities was SEK 478m (281).
  • Net debt/EBITDA ratio was 1.7x (1.9).
  • The Board proposes a dividend of SEK 1.00 (1.00) per share.

Events during and after the end of the period

  • CEO Henri de Sauvage-Nolting to leave Cloetta.

Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Friday 26 January 2024 at 10.00 a.m. (CET).

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Web presentation
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This disclosure contains information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-01-2024 07:30 CET.

Cloetta’s IR and Communications, +46 (0)766 96 59 40,