Cloetta intends to update the market on a regular basis with relevant information in relation to the impact from COVID-19. The previously made updates can be found below.
Cloetta is updating the market on a regular basis with relevant information in relation to the impact from COVID-19. Cloetta confirms the previously communicated risk that the customer demand for pick & mix will be significantly reduced.
As a consequence of the current uncertainty due to the global outbreak of COVID-19, the Board of Directors has decided to withdraw the previously communicated proposal to the Annual General Meeting 2020 regarding a dividend of SEK 1.00 per share. Furthermore, Cloetta assesses that the risk of negative financial impact from the end of March has increased significantly.
With the impact of COVID-19 on society being highly uncertain, Cloetta is making a general update. The impact on Cloetta’s business and operations continues to be monitored daily and to date we have noted limited effect.