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 2019
Q2
2019
Q1
2018
Q4
2018
Q3
2018
Q2
2018
Q1
2017
Q4
Profit
Net sales 1,583 1,559 1,646 1,538 1,472 1,562 1,643
Net sales, change, % 7.5 -0.2 0.2 2.2 4.1 27.8 20.2
Organic net sales, change, % 5.7 -2.8 -3.2 -3.6 -4.9 1.1 0.0
Gross margin, % 36.6 36.3 36.8 36.3 38.0 35.9 36.9
Depreciation (1) -74 -74 -52 -55 -54 -57 -56
Amortization -3 -3 -3 -3 -3 -3 -3
Impairment loss other non-current assets - - - - - - -
Operating profit, adjusted (1) 161 166 174 194 145 164 206
Operating profit margin, adjusted, % (1) 10.2 10.6 10.6 12.6 9.9 10.5 12.5
Operating profit (EBIT) (1) 159 164 159 180 155 166 171
Operating profit margin (EBIT margin), % (1) 10.0 10.5 9.7 11.7 10.5 10.6 10.4
EBITDA, adjusted (1) 238 243 229 252 202 224 265
EBITDA (1) 236 241 214 238 212 226 230
Profit/loss margin, % 8.1 8.4 8.7 10.9 8.7 7.9 8.8
Financial position
Working capital 660 453 402 478 505 458 232
Capital expenditure (1) 46 46 48 44 51 41 45
Net debt (1) 2,727 2,378 2,091 2,339 2,561 2,173 2,035
Capital employed (1) 7,362 7,654 7,027 6,904 6,833 7,319 6,979
Return on capital employed, % (Rolling 12 months) (1) 9.4 8.9 9.5 9.8 9.8 9.0 8.2
Equity/assets ratio, % (1) 42.0 41.7 43.3 41.9 41.4 42.1 41.3
Net debt/equity ratio (1) 69.0 57.9 52.7 60.8 68.1 53.5 53.3
Return on equity, % (Rolling 12 months) 12.3 11.9 12.2 8.9 8.5 6.6 6.2
Equity per share, SEK 13.7 14.2 13.7 13.3 13.0 14.1 13.2
Net Debt/EBITDA (Rolling 12 months) (1) 2.7 2.4 2.3 2.5 2.8 2.4 2.4
Cash flow
Cash flow from operating activities (1) -3 154 288 250 119 -29 305
Cash flow from investing activities -36 -189 -48 -44 -51 -41 23
Cash flow after investments (1) -39 -35 240 206 68 -70 328
Free cash flow (1) -41 111 240 206 68 -70 259
Free cash flow yield (Rolling 12 months), % (1) 5.9 9.0 6.3 5.8 4.5 4.0 6.5
Cash flow from operating activities per share, SEK (1) -0,0 0.5 1.0 0.9 0.4 -0.1 1.1
Employees
Average number of employees (2) 2,623 2,557 2,452 2,416 2,459 2,477 2,465
Share data
Earnings per share, SEK
Basic (3) 0.34 0.35 0.55 0.46 0.34 0.33 0.43
Diluted (3) 0.34 0.35 0.55 0.46 0.34 0.33 0.43
Number of shares at end of period 288,619,299 288,619,299 288,619,299 288,619,299 288,619,299 288,619,299 288,619,299
Average numbers of shares (basic) (3) 286,610,771 286,627,393 286,627,393 286,627,393 286,413,012 286,296,737 286,645,530
Average numbers of shares (diluted) (3) 286,844,136 286,795,950 286,803,180 286,765,707 286,620,265 286,562,172 286,835,623
(1) The key figure has been affected by IFRS 16 'Leases' as of 1 January 2019. Comparative figures are not restated.
(2) Employee numbers are updated following the implementation of a new company-wide HR system. Comparative figures are not restated.
(3) Cloetta entered into forward contracts to repurchase own shares to fulfill its future obligation to deliver the shares to the participants of the long-term share-based incentive plan. The outstanding contracts at reporting date consist of one contract for 2.080.883 shares at a share price of SEK 31,2385.