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Long-term financial targets

Cloetta’s proximity to customers and consumers, our knowledge of local and regional market conditions combined with strong local brands, efficient production and innovation power are important competitive factors for continued growth. Our long-term financial goals are:

Organic sales growth

Cloetta’s long-term target is to grow organically by 1–2 per cent, which is in line with or better than the market.

EBIT margin

Cloetta’s long-term target is an adjusted EBIT margin of at least 14 per cent.

Net debt

Cloetta’s long-term target is a net debt/EBITDA ratio of around 2.5x.

Dividend policy

Cloetta’s policy is to have a dividend payout ratio of 40 to 60 per cent of profit for the year.

 

EBIT and margin, adjusted

Net sales

Net debt/EBITDA

Dividend policy

Seasonality

Cloetta’s sales and operating profit are subject to some seasonal variations.

Cloetta’s sales and operating profit are subject to some seasonal variations. Sales in the first and second quarters are affected by the Easter holiday, depending on in which quarter it occurs. In the fourth quarter, sales are usually higher than in the first three quarters of the year, which is mainly attributable to the sale of products in Sweden in connection with the holiday season