Cloetta financials

This section contains information about Cloetta’s financial development, quarterly as well as yearly.

Cloetta has operated in its current form since 16 February 2012 when Cloetta AB acquired LEAF Holland B.V. The acquisition is recognised as a reversed acquisition, and consequently the comparable figures for previous years are those from LEAF. Since LEAF did not report interim reports, the tables Quarters, Rolling 12 months and Year to date shows 2011 and onwards.  Full year tables shows 2008 and onwards.

In the downloadable excel file you will find all financial tables for the Cloetta Group that are published in the interim reports. The file includes a few tables that are not published on the web site.

Key figures and per share data
SEKm 2021
Q3
2021
Q2
2021
Q1
2020
Q4
2020
Q3
2020
Q2
2020
Q1
Profit
Net sales 1,566 1,420 1,398 1,466 1,474 1,237 1,518
Net sales, change, % 6.2 14.8 -7.9 -14.9 -9.5 -21.9 -2.6
Organic net sales, change, % 7.5 18.2 -4.2 -12.3 -7.3 -21.2 -4.0
Gross margin, % 35.2 37.1 33.3 37.0 29.4 37.2 35.6
Depreciation -64 -61 -62 -70 -64 -65 -66
Amortisation -3 -2 -3 -2 -3 -2 -3
Impairment loss other non-current assets - -1 - 0 -10 -1 -2
Operating profit, adjusted 190 140 111 123 130 110 152
Operating profit margin, adjusted, % 12.1 9.9 7.9 8.4 8.8 8.9 10.0
Operating profit (EBIT) 189 139 107 121 87 105 149
Operating profit margin (EBIT margin), % 12.1 9.8 7.7 8.3 5.9 8.5 9.8
EBITDA, adjusted 257 204 176 196 195 178 223
EBITDA 256 203 172 193 164 173 220
Profit/loss margin, % 11.4 8.6 9.1 9.8 4.3 11.1 4.0
Segments
Branded packaged products
Net sales 1,204 1,097 1,101 1,179 1,178 1,052 1,118
Operating profit, adjusted 181 136 135 171 154 169 175
Operating profit margin, adjusted % 15.0 12.4 12.3 14.5 13.1 16.1 15.7
Pick & mix
Net sales 362 323 297 287 296 185 400
Operating profit, adjusted 9 4 -24 -48 -24 -59 -23
Operating profit margin, adjusted % 2.5 1.2 -8.1 -16.7 -8.1 -31.9 -5.8
Financial position
Working capital 525 605 614 540 705 848 713
Capital expenditure 67 71 50 77 83 120 92
Net debt 1,967 2,193 2,097 2,139 2,285 2,492 2,420
Capital employed 7,374 7,197 7,411 7,224 7,536 7,456 8,002
Return on capital employed, % (Rolling 12 months) 7.5 6.3 5.5 6.3 7.3 8.9 9.1
Equity/assets ratio, % 46.3 46.4 46.5 45.1 45.8 46.1 43.3
Net debt/equity ratio 44.3 51.0 47.5 51.2 51.9 57.6 54.4
Return on equity, % (Rolling 12 months) 9.7 7.7 7.8 6.7 8.4 10.5 10.0
Equity per share, SEK 15.4 14.9 15.3 14.5 15.2 15.0 15.4
Net Debt/EBITDA (Rolling 12 months) 2.4 2.8 2.8 2.7 2.6 2.6 2.4
Cash flow
Cash flow from operating activities 290 166 57 315 313 -39 67
Cash flow from investing activities -53 -63 -44 -62 -61 -79 -87
Cash flow after investments 237 103 13 253 252 -118 -20
Free cash flow 238 102 11 252 252 -118 -20
Free cash flow yield (Rolling 12 months), % 7.7 8.4 5.4 5.2 5.1 4.8 6.0
Cash flow from operating activities per share, SEK 1.0 0.6 0.2 1.1 1.1 -0.1 0.2